News (1965)

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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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QBO Advanced Goes Desktop

Intuit has rolled out a desktop version of its QuickBooks Online Advanced applications. QBO Advanced for Windows is a free add-on for cloud-based users.

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FreshBooks Buys German Company

 FreshBooks, which recently received $130 million in funding, has acquire FastBill, an accounting and invoicing package in Germany. Terms were not disclosed.

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QBO Revs Jump 32 Percent

Revenue from QuickBooks Online jumped by 32.4 percent for Intuit’s first quarter ended October 31. That came as the impact of the software company’s purchase of Credit Karma pushed total revenue up 52 percent year-over-year.

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Practice Ignition Snares $50 Million

Practice Ignition has raised $50 million in Series C Funding. The company says it will use proceeds to grow its business iin APAC, North America and EMEA.

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Preparer Gets Prison in $2.3M PPP Fraud

A South Florida tax preparer has been sentenced this week to two years for his role in seeking more than $2.3 million in Payroll Protection Program Funds.  Leonel Rivero, 35 submitted more than 118 fraudulent PPP loan applications.

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Xero Subs Rise 22.1% in North America

Xero saw subscriptions for its cloud accounting products r0se by 22.1 percent for the first half ended September 30. The New Zealand-based company also talked broadly of plans to expand on this continent in its recent earnings report.

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Black, Latino Biz Performed Well

Black and Latino owned businesses had a good 12 months despite the pandemic, according to a recently released Ernst & Young survey. However, the Entrepreneur’s Paradox: How Black and Latino Entrepreneurs Are Balancing Growth and Uncertainty says those entrepreneurs fear the unprecedented performance may stem from a short-term boost in attention.

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CCH Axcess Workflow Debuts

Wolters Kluwer Tax & Accounting has introduced CCH Axcess Workflow. The browser-based application integrates with the CCH Axcess Common Database and the Tax and Document applications in the suite,

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Botkeeper Raises $42M from Paychex Founder

Botkeeper, which provides bookkeeping software utilizing artificial intelligence, has raised $42 million in Series C funding. The round was led by Grand Oaks Capital, which was founded by Tom Golisano, founder and chairman of Paychex.

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CCH Axcess Cited in WK Results

CCH Axcess had strong organic growth during the nine months ended September 30, Wolters Kluwer said this week. The company said in a trading update that Tax & Accounting North America had 5-percent organic growth.

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