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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China Audits Trip Up Buffalo Firm

Brock, Schecter logoA Buffalo, N.Y., accounting firm, whose former partner got it into the business of auditing Chinese companies and then faked documentation, was censured and its registration with the Public Accounting Company Oversight Board revoked. Brock, Schechter & Polakoff was pulled into the business, along with former director of auditing and accounting, James R. Waggoner, even though the firm had no auditing experience and no one on the staff understood Chinese. The firm must pay a $20,000 civil money penalty while Waggoner was censured and barred from associating with any PCAOB registered firm.

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Xero Hits Practice Management Market

Jamie Sutherland, XeroNew Zealand-based Xero is entering the United States market for practice management software. The company, which launched its online accounting package in this country last fall, entered that application segment through its acquisition earlier this year of WorkflowMax.

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Thomson Intros New Workpaper Product

Melissa Yard, Thomson Reuters

Thomson Reuters has introduced a new workpaper product, Workpaper CS. And while the company will continue to maintain its Engagement CS product, that product will not get much further development.

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BNA Income Tax Planner Web

bnalogoBNA Income Tax Planner Web adds the benefits of the Internet to BNA's projections and calculations and client presentations. Among its new features is the ability to search for clients, store client notes/files and share plans with team members.

 

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Wave Accounting Gets $12 Million

wave logoWave Accounting has secured $12 million in funding for its efforts to develop the market for its online accounting applications. Based in Toronto, Wave said the funding round was led by The Social+Capital Partnership with participation from existing investors Charles River Ventures and OMERS Venture.

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NetSuite Signs GT, Deloitte, Frank Rimerman

NetSuite is making strong inroads into the accounting community. At its SuiteWorld conference, underway this week in San Francisco, it announced three accounting firms and Sage's largest reseller as new additions to its channel.

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A Cloudy Year for Accounting Software

The technology press likes to declare something a "Year of ..." whatever the hottest trend is. But evidence is building that 2012 is going to be a big year for the sale of accounting applications that run on the web. Now, as is usually the case, there are usually a few big years once a new technology catches on.

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SmartPros Results Flat

smartpros Continuing education provider Smart Pros turned in results for its first quarter ended March 31 that showed both revenue and its net loss virtually unchanged from results in 2011. The company said lingering results from the recession and competitive factors kept a lid of its business. Read more...

TaxAct Revs Up 9 Percent

William Ruckelshaus, InfoSpaceTaxAct, the tax preparation software company purchased by InfoSpace, had pro forma revenue of $61.9 million a 9-percent increase from $56.8 million for the first quarter ended March 31. TaxAct, purchased on January 31 contributed only two months of actual results to its Bellevue, Wash.-based parent.

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Sage and Avalara Ally for Accountants Network

Avalara

Sales-and-use tax vendor Avalara is joining with Sage North America to provide resources to members of the Sage Accountants Network. Avalara's Accountants Resource Center provides tools and educational resources for helping them increase their sales tax knowledge.

 

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