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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CFOs: More Hiring in Fourth Quarter

robert half logoThe Robert Half Financial Hiring Index forecasts an increase in hiring during the fourth quarter, based on a survey of chief financial officers. Twelve percent of those surveyed expect to add full-time accounting and finance employees while 7 percent expect staff reductions. The five point net is up four points from the third-quarter study and is the highest projection in three years.

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Big Intuit Investor Slashing Stake

David H. BatchelderRelational Investors, an investment group that has claimed a couple of CEO scalps, plans to sharply cut its holdings in Intuit where it has been very quiet. The firm has informed Intuit that it will sell up to 5,562,500 shares of stock, almost 50 percent of its holdings as reported to the SEC on June 21. Relational expressed its confidence in Intuit and its future.

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Bloomberg Beat BNA Bidders on Anti-Trust Concerns

bnaBloomberg's pending acquisition of the Bureau of National Affairs began with the decision of officers to shop the company last spring. BNA entered nondisclosure agreements with six organizations and in the end Bloomberg was competing with two other bidders, one offering a slightly higher price per share, according to documents filed with the SEC. Bloomberg won because it did not have the potential anti-trust issues the other finalists faced.

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QuickBooks Online Draws Competitors

quickbooks onlineIs the switch from desktop to online software leaving an opportunity for new players to capture accounting users at Intuit's expense? While no one is predicting any online vendor is going to break the hold QuickBooks has on the low-end accounting marketing, the very existence of a new generation of competitors suggests that there are people out there who see an opening and are willing to invest money to carve a segment of the market.

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Survey Seeks Social Media Opinions

Barry Macquarrie

A group called Social CPAs is seeking accountants' opinions about the use of social media. The group, lead by CPA Barry MacQuarrie, is closing out its second annual survey on Friday September 2. As with last year's survey, the 2011 version asks which sites accountants use and how they use them. Read more...

Paychex CEO Gets $3.3M in First Year

Martin MucciMartin Mucci, who became CEO on September 30, drew $3.3 million in compensation for Paychex year ended May 30. Mucci had previously served as SVP of operations and drew $1.3 million in pay for fiscal 2010. His big boost in the new job came from a $1.2 million stock award. Read more...

Intuit Practice Product Off Schedule

Intuit logoWhen Intuit first discussed its upcoming web-based practice management application late last year, the product had a target date for full introduction and a stated name. Now, it has neither and the company isn't talking about any specifics in either area. Instead of giving a roll-out schedule, the company says the Phase One pilot is complete and offers information on the next stage of the pilot program.

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Verizon Selling Intuit GoPayment

Verizon has agreed to sell Intuit's GoPayment app and pocket-sized credit card reader in Verizon Wireless' 2,300 retail stores and business-to-business sales channels. GoPayment supports the Android Blackberry and iOS platforms for most 3G and 4G LTE smartphones and tablets.

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Bloomberg Buys BNA at Three Times Revs

Financial media giant Bloomberg is buying one of the stalwart plaBNA logoyers in the tax and accounting field, the Bureau of National Affairs, for $990 million, three times the $331 million the target company reported for revenue for the year ended December 31. BNA will operate as a standalone unit once the deal closes this year.

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Intuit Creates ProAdvisor Tiers

Intuit has created a tiered program designed to reward members of its ProAdvisor program that obtain QuickBooks certification. The program provides greater product discounts to those who develop more skills and also penalizes those who do not by ending the offer of free support to all of the more than 60,000 members, a combination for carrot and stick for a program that has historically made no distinction in rewards given to its members.

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