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finance

Groupon sued by shareholder over financial revisions

A Groupon shareholder filed a lawsuit today against the daily deals site, claiming the company misled investors about its financial health.

The lawsuit, which seeks class-action status, was filed four days after the company revealed in a regulatory filing that it had discovered "material weakness" in internal controls over its financial statement and that its fourth-quarter results were worse than previously stated because of higher refunds to merchants. The revisions increased its net loss for the fourth quarter by $22.6 million and reduced revenue for the quarter by $14.3 million to $492.2 million.

"Groupon'… Read more

Free portfolio advice, for real

First there was Personal Capital, the "Mint for rich people" that gives users a clear look at their financial information, and, for those who invest $100,000 or more, access to financial advice and trading.

Then there was Wealthfront, which also gives people a dashboard for their investments and which will manage the money you put in, as long as you put in more than $5,000.

And now there's FutureAdvisor, which uses the same Modern Portfolio Theory that most advisers and algorithms use to pick investment vehicles. You tell it about your accounts, your age, your … Read more

TurboTax is as simple as ever

For the past several years, TurboTax has impressed us with its clear language and simple step-by-step tax prep, and Intuit's offering for the 2011 tax year is no exception. Whether you're an experienced taxpayer or you're fairly new to the system, TurboTax can help you file.

The first thing I should point out is that TurboTax comes in four versions--Basic, Deluxe, Premier, and Home & Business--each of which offers both an online prep option or a software download. All of the online apps let you start a single e-file for free, while the downloads cost a bit … Read more

TurboTax is as simple as ever

For the past several years, TurboTax has impressed us with its clear language and simple step-by-step tax prep, and Intuit's offering for the 2011 tax year is no exception. Whether you're an experienced taxpayer or you're fairly new to the system, TurboTax can help you file.

The first thing I should point out is that TurboTax comes in four versions--Basic, Deluxe, Premier, and Home & Business--each of which offers both an online prep option or a software download. All of the online apps let you start a single e-file for free, while the downloads cost a bit … Read more

Snap a pic of your W-2 with SnapTax

If your tax situation is simple (no children, don't own a home, income under $100K, and so on), then you are likely filing a 1040EZ this April. If that's the case, then you may want to think about filing your taxes right from your mobile device.

With the TurboTax SnapTax app, you can fill out your 1040EZ tax form right on your phone or tablet. The app can even enter income information using your device's camera.

Before getting started, SnapTax asks if you'd like to create an account. You can work without one, which is nice, … Read more

Forecast your refund with TaxCaster

Intuit's TaxCaster app can quickly estimate your federal tax refund based on just a few bits of personal information. Even for the most inexperienced taxpayer, it's incredibly simple to understand and use.

At the top of the screen is a meter that displays your estimated tax refund. As you make your way through the app, it considers your answers and recalculates its estimate accordingly. And of course, the more answers you provide, the more accurate its estimate gets.

Three main tabs sit just below the meter, each housing a different category of questions: About You; Total Income; and … Read more

Startup SpringCoin aims to help those in debt

If one Y Combinator startup is successful, it might have just gotten a bit easier to get out of debt.

SpringCoin (formerly DebtEye), opens its online doors this morning with the noble intention of helping you, or possibly someone you know, get out of debt. No, SpringCoin won't pay your bills for you, but through a combination of its "smart-learning software" and human expertise, it will provide a detailed plan to get yourself out of debt.

SpringCoin isn't without competition, though. ReadyForZero, a fellow Y Combinator alum that also boasts an investment from Dave McClure of … Read more

HTC disappoints with financial results, forecast

Mobile-phone maker HTC today reported fourth-quarter results and first-quarter forecasts far short of analyst projections.

The company, which rose to prominence through its early success carrying Google's Android operating system to market, said its fourth-quarter revenue was 102.4 billion Taiwanese dollars, or $3.48 billion, with earnings per share of 13.06 Taiwanese dollars, or 44 cents per share. Analsysts surveyed by Thomson Reuters had expected revenue of 144.6 Taiwanese dollars and EPS of 17.63 Taiwanese dollars.

In the year-earlier quarter, HTC reported EPS of 17.06 Taiwanese dollars on revenue of 104.0 billion Taiwanese … Read more

The 404 970: Where we're makin' a sandwich (podcast)

The second show for the year has its share of bumps, but CNET's Bridget Carey and CBS MoneyWatch's Jill Schlesinger come to save the day, while offering their insights on toys and finances.

In this 404 episode, Jill tells us how she gets fans from The 404 calling into her financial advice show, and that has her producers bewildered by the number of 20-somethings interested in some money-saving tips for things like getting married. One thing that doesn't save a lot of money is having kids. That's got Jeff excited. And it reminds Wilson that kids these days are spoiled. They want iPhones and iPads for Christmas. We remember growing up and thinking a Transformers action figure was good enough.… Read more

Track finances on your iPhone

Mint is the iOS mobile companion to Mint.com, the popular financial services site that helps you track all of your accounts and budgets.

You have to set up an account with Mint.com to use the app (which involves giving Mint.com access to your bank, credit card, and investment accounts), then you can monitor your accounts, budget, and cash flow from the site or the app. The passcode-protected app presents your finances in summary form, with the capability to drill down to the item level of a purchase. Follow the trail to the end to edit an item'… Read more