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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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Intuit Readies Practice Management Beta

intuit accountants logoIntuit is reported to have placed its online Intuit Practice Management application in a beta testing program. The product has been available to 2,000 firms as a pilot program over the last year. While the Intuit website had previously said the product would be released after the recent tax season, it seems likely the product will debut in July or August.

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Xero Names U.S. Marketing VP

Ian Vacin, XeroXero, a New Zealand-based company, nas named Ian Vacin as VP of marketing for U.S. operations. Vacin, who was recently worked at Intuit, joins the company as at seeks to ramp up the still-small market for its online accounting applications in the United States.

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Thomson Sells Healthcare Unit

thomson reutersThomson Reuters has agreed to sell its healthcare business to Veritas Capital, a private equity firm, for $1.25 billion in cash. The deal would consummate a plan by Thomson that had been stalled last fall when the company decided market conditions were not right for getting an adequate price for the healthcare business.

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TaxAct Parent Paid Owners Well

infospace logo2SS Holdings, the company that owned the TaxAct software line, was an extremely profitable operation that paid its owners large dividends. And perhaps that explains why after the courts blocked its sale to H&R Block, the company was quickly snapped up by InfoSpace in January. For the year ended September 30, the company had operating margins of 43.6 percent and that was down from more than 49 percent for each of the prior fiscal years.

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Ex-BDO Partner Sentenced for Tax Crimes

Stephen A. Favato, a former partner in BDO Seidman's Woodbridge, N.J., office, has been sentenced to 18 months in prison for tax crimes. Favato, a resident of Point Pleasant Beach, N.J., was found guilty in August 2010 by a federal jury of one count of corruptly endeavoring to obstruct and impede the Internal Revenue laws and one count of aiding and assisting in the preparation and filing of a false income tax return.

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Thomson Moves into Indian Tax Market

fast facts logoThomson Reuters has entered the tax and accounting market in India through the acquisition of Fast Facts. Fast Facts, based in Mumbai, produces tax software and claims about 10,000 professionals and small firms as users. Users also include Big Four accounting firms, banks and multinational corporations. Read more...

Armanino Consulting Revs Up 62 Percent

Chris Moore, Armanino ConsultingArmanino Consulting had very strong year in 2011 as the organization's revenue rose by 62 percent over 2010 results. The financial software vendor cited organic growth along with acquisitions and strengthening of some product lines as factors behind the $28.7 million in revenue last year, a significant jump from $17.2 million in 2010.

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CCH Hires Thomson's Mackintosh

Teresa Mackintosh, CCHCCH has named Teresa Mackintosh, a long-time executive at Thomson Reuters, as its EVP and General Manager of Tax. Mackintosh will report to CCH president Mike Sabbatis. She fills a vacancy left when Joe Bergera, a Sage executive, left the new spot after short tenure for what he had described as a dream job.

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BlumShapiro Gets AccuFund Honor

Jim Clarkson, BlumShapiroBlumShapiro Consulting has been given a 2011 Partner Leadership award by nonprofit software vendor AccuFund. The accounting firm was cited as the volume leader in nonprofit sales by the Needham, Mass.-based publisher. The award was one of three presented at the annual AccuFund reseller meeting last month.

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Five Alabama Preparers Indicted

department-of-justice-logoA federal grand jury has indicted Bruce King, owner of a Montgomery, Ala.-based tax preparation business, and four other preparers that worked at his firm. All five are charged with participating in a scheme to file false tax returns with four of them were charged with aggravated identity theft.

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