News (1974)

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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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QB Live Setup Available this week

Intuit said this week its QuickBooks Live Bookkeeping Setup is available for purchase on QuickBooks.com starting December 10. The software company said there is a one-time set up fee of $50 for setup. 

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 Wave Chips in $10.9M for Block 2Q

Wave contributed $10.9 million in revenue for H&R Block for the second quarter ended October 31, Block said this week. It was the first complete quarter for Wave, which was purchased by the tax services company on July 1, and it represent a 40-percent increase in revenue over Wave’s year-earlier results.

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Canopy: New Funding, CEO, Focus

Canopy has secured new funding, hired a new CEO and emphasized its plans to development practice management software. And the company this week said its plans for marketing a tax preparation software package are delayed, not cancelled.

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Sage Accounting Pro Version in Works

Sage plans to release a version of its online Sage Accounting (formerly Sage One) for professional users. CEO Steve Hare broadly discussed plans during the company’s recent webcast for earnings for the year ended September 30.

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Cherry Beckert Hires Assurance Partner

Ross Burden has recently joined Cherry Bekeart as an assurance partner in its Nashville, Tenn., office. Burden has extensive experience with SEC reporting and compliance and IPO readiness,

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Maximum Bill.com IPO: $183.6 Million

Bill.com expects its initial public offering will raise a maximum of $183.6 million. The payments company said in an S-1 filing with the SEC this week it will offer  8,823,529.

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QBO Revenue Jumps Sharply

QuickBooks Online revenue shot up 41 percent for the first quarter ended October 31. Intuit said during its recent earnings webcast for the most recently ended period, there was  $306 million in revenue for the most recently ended period, up from $217 million a year earlier.

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Bill.com Files for IPO

Bill.com has filed with the SEC for an Initial Public Offering. The Form S-1 filed this week shows the company narrowed its loss on a 40.8-percent increase in revenue for the year ended June 30. The number of shares to be sold have not yet been determined.

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Armanino Buys The Resource Group

Armanino has acquired the Resource Group, a Seattle, Wash.-based, Value-Added Reseller. The Resource Group carries Dynamics GP and Sage Intacct financial software. The deal will be completed on December 1.

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Avalara Hires Chief Marketing Officer

Avalara has hired Jay Lee as its new chief marketing officer. That means the sales tax company will have new people in its top sales and marketing jobs as Pascal Van Dooren, former chief revenue officer, left in October.

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