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Risk Factors Update Summary
- The IRS will implement a free direct filing system in 2025, potentially impacting revenue significantly.
- Competition from public sector tax services is increasing, risking customer loss and revenue decline.
- Cybersecurity incidents are becoming more common, potentially leading to unauthorized data release and reputational harm.
- The European Parliament adopted the AI Act in May 2024, imposing new compliance costs and operational changes.
- Adverse macroeconomic conditions, including inflation and rising interest rates, may significantly impact small businesses and borrowing risks.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=896878&owner=exclude
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