News (1983)

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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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CPA Draws SEC Action for Quickie Audits

dojA Maryland CPA who claimed to have audited four years worth of financial statements in less than 40 hours faces disciplinary action from the SEC. The SEC says CPA Eugene M. Egeberg of Hampstead, Md., had no audit training and used a checklist from the American Institute of CPAs as his guide in auditing statements of 20 public companies. Egeberg voluntarily withdrew his registration with the Public Company Accounting Oversight Board in November 2012.

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Thomson Debuts Quickfinder Tax & Financial Tools

QuickFinderQuickfinder Tax & Financial Tools, a comprehensive set of calculators, worksheets and financial tools designed for local tax and accounting firm practitioners, aims to bridge the gap between tax preparation software and tax research products. The system includes  Individual Income Tax Planner/Calculators to estimate a client's taxes for 2013 and/or 2014 or compute quarterly tax estimates.

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Virginia CPA Draws SEC Ban in Bank Audit

James Vincent Poti, PBMaresA Virginia accountant, who gave an unqualified opinion about the financial statements of a bank that later collapsed, has been suspended from practice before the SEC. The agency found that CPA James Vincent Poti failed to follow up warnings from an internal auditor about a lack of financial controls – along with his own doubts - or test whether the bank had established a large enough allowance for risky loans.

 

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Paychex: CPAs Want Cloud Software Choices

Martin Mucci, PaychexCPAs are looking for new choices in accounting packages, according to Paychex CEO Martin Mucci. Mucci made the statement this week during the payroll services company's earnings webcast. He gave the explanation during a discussion about Paychex's recent launch of an online accounting application.

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Avalara to Offer Sales Tax Certification

Ray Bigley, AvalaraAvalara is preparing to offer sales tax certification to accountants. The Bainbridge Island, Wash.-based sales-and-use tax vendor says the program stemmed from the alliances it has created with state CPA societies and accounting firm associations. Ray Bigley, the company’s VP of business and corporate development compared the upcoming education opportunities to Intuit’s ProAdvisor designation.

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Former Arizona CPA Gets 35 Years

Danny WiseA former Scottsdale, Ariz., CPA had been sentenced to 35 years in prison for bilking six clients, including a childhood friend, out of nearly $1 million. Danny Wise was sentenced this month after being found guilty in October of eight counts of fraud and 22 counts of theft for keeping clients federal tax payments instead of transferring them to the Internal Revenue Service.

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PCAOB Wants Public Info on Engagement Partners

pcaob logoThe Public Company Accounting Oversight Board has reproposed amendments to PCAOB auditing standards for public comment, which would require disclosing the names of engagement partners who led the most recent audit of a company. The changes would also require dislcosing the locations and extent of participation of other firms and individuals who took part in the audits.

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Thomson Revamps Leadership

thomson reuters.Thomson Reuters has made a major change to its leadership with the replacement of presidents of three business units. Thomson name new heads of its Legal, Intellectual Property & Science; and Global Growth & Operations businesses with the current occupants leaving the company effective January 1.

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Sage Starts Accountant Business Cloud

SageSage has launched the Accountants Business Cloud in the United Kingdom, an information and resource site that is likely to be introduced in the United States. There are resources for marketing and news about compliance and legislation in the British version.

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Intuit CEO's Pay Nearly Unchanged In 2013

Brad Smith, IntuitIntuit CEO Brad Smith saw his compensation relatively unchanged for the year ended July 31. As reported recently in SEC filings, the company said Smith received $12,463,669 for fiscal 2013, down about $100,000 from the prior year. Smith's pay suffered from a sharp drop in non-equity incentive compensation, which was mostly offset in areas such as option and stock awards.

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