Google and Intuit have been rumored to be entering into a partnership. The news will supposedly be dropped at 1:15pm Pacific time. Michael Arrington dropped some news today that Google could be integrating into QuickBooks 2007. This would supposedly allow small business users to add listings of their businesses to Google Maps, and create and manage AdWords campaigns, as well as post listings on Google Base.

The conference is scheduled for 1:15pm Pacific, with Google CEO Eric Schmidt, and Intuit President and CEO Steve Bennett speaking on the partnership.

Stay tuned as the news unfolds.

UPDATE: Google has in fact announced a strategic partnership with Intuit, which is designed to help small business owners promote themselves online. The new partnership will see Google's services built into most Quickbooks 2007 products.

Small business owners will have the option to list their businesses on Google Maps, create and manage Google AdWords campaigns, and post their products for sale on Google Base. The Google integrated Quickbooks 2007 will be in stores this fall. No word on the 2007 pricing as of yet.

Partnering Google products with Intuits small business products is going to make some small businesses very happy at realizing the potential that Google's products have for the bottom line.