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Rippling Expands EOR Program 2

 Rippling has expanded its Employer of Record program to eight new countries. The change is part of the latest monthly release of the office application.

With EOR, a user can establish a legal entity in a country outside the United States, giving the user the ability to hire and pay employees in other countries. The latest additions are Colombia, Costa Rica, Denmark, Israel, New Zealand, the Philippines, Switzerland and Turkey.

In addition, Rippling is providing hourly workers with a weekly break down of pay on paystubs so they can see hours worked, including overtime, for each of the weeks included in the pay period.

Users can now down payroll comparison data as a CSV file. Rippling says it has also provided more efficient time-entry CSV imports for Time an Attendance since users can automatically reconcile timestamps based on the employee’s timezone and

filter down to a specific set of imported entries and delete only those 

They can also import thousands of entries in seconds, versus 30 minutes.

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ADP Rejects Takeover Attempt

 William Ackman, Pershing Square Capital ManagementADP has rejected a bid by Pershing Square Capital Management to take control of the payroll services company board. ADP says that Pershing, led by activist investor William Ackman, approached it on August 1. The investment firm seeks to elect five to the board of directors and to replace CEO Carlos Rodriquez.

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Tax & Accounting Leads Thomson Quarter

James Smith, Thomson ReutersThe Tax & Accounting business at Thomson Reuters registered the highest growth of the company's three divisions for the second quarter ended June 30. The unit's revenue rose 8 percent while company revenue was flat on an IFRS basis, up 2 percent inconstant current over last year's corresponding period.

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Checkpoint Business Combinations Released

CatalystThomson Reuters has added discussion of business combinations to Checkpoint Catalyst: U.S. GAAP. The content incorporates analysis of Topic 805, Business Combinations of the FASB Accounting Standards Codification, the authoritative accounting and reporting guide for business combinations under U.S. GAAP.

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FreshBooks Raises $43 Million

FreshbooksFreshBooks, which markets cloud accounting software, has raised $43 million in Series B Funding. The company expects to invest the funds to support North American growth and to support development of its latest product, launched in September.

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Cherry Bekaert Takes on Oracle+NetSuite

Paul Doucet, Cherry Bekaert Multi-office accounting firms continue to move into the cloud accounting space. The latest is Richmond, Va.-based Cherry Bekaert which has established an ERP consulting practice for the web-based application. That follows NetSuite's signing WithumSmith+Brown of Red Bank, N.J., in March.

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BNA Debuts Pass-Through Entity Tool

Bloomberg BNA has launched a Pass-Through Entity Navigator, which provides state-by-state analysis and practical guidance for each type of pass-through entity and pass-through entity owner. Available to subscribers of Bloomberg BNA's Tax & Accounting State Tax research service, the analysis is also accessible through customizable state comparison charts.

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Thomson Labs to Focus on New Tech

Mona Vernon, Thomson ReutersThomson Reuters has established a laboratory facility to assist startups in developing products based on emerging technologies. Called Thomson Reuters Labs–The Incubator, the Switzerland-based site will host early-stage entrepreneurs and give them access to Thomson executives as mentors through a six-month program.

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Aplos Takes in Portalbuzz

Tim Goetz, AplosCloud software vendors Aplos Software and Portalbuzz have merged. Operating under the Aplos name, the company will focus on developing front- and back-office products for nonprofit organizations.

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Sageworks Releases Tech Roadmap

SagworksSageworks has released a publication Tech Roadmap: Selecting the Ideal Solutions to Thrive in Business Advising. The book features 11 accounting and business leaders who provide advice to prepare firms to select technology products.

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AICPA to Fund Start-ups

Lawson Carmichael, AICPAThe American Institute of CPAs and its for-profit subsidiary CPA.com will provide up to $20,000 in funding to five start-up companies. The winners will be early-stage companies that enter the selection process for the CPA.Com Startup Accelerator program.

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