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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.
View items...Right Networks Buys Rootworks
Right Networks has acquired Rootsworks, which helps accounting firms improve their operations. Terms were not disclosed.
Wealth Biz Write-down Cuts into Blucora Results
The virus gives and the virus takes away. Blucora saved $60 million on its original plan to pay $160 million for the purchase HK Financial Services. But the impact on the economy that caused the change in valuations that affected the purchase price also caused the Blucora to write down $275.6 million in impaired goodwill for its Wealth Management business, 57 percent of the total.
ADP: 20 Million Jobs Lost in April
There were 20,236,000 jobs lost in April in nonfarm private employment, Automatic Data Processing reported this week. Among sectors, service providing jobs led the decline with 16,007,000 individuals let go.
Early Releases Shifted Thomson Tax Revenue
The early release of the company’s UltraTax software left organic revenue for the Tax & Accounting segment of Thomson Reuters flat for the first quarter ended March 31. Overall, the operation’s revenue fell by 2 percent because of the impact of currency, the company reported th is week.
Thomson, PrimeGlobal to Produce Events
Thomson Reuters and PrimeGlobal have agreed to produce a series of events about the accounting, tax and audit industry. Under the multi-year agreement, the organizations will offer virtual events on topics such as goal development and organizational leadership.
ADP Payroll Bookings Slide
Automatic Data Processing expects bookings for its employer services business to drop 20 percent for the year ending June 30 over fiscal 2019 bookings. The company said this week that means it projects a 50-percent drop in the fourth quarter.
Wipfli Buys Dynamics Reseller
Accounting firm Wipfli has acquired Dynamics reseller Tidestone Solutions, whose markets include craft brewing. Terms were not disclosed. Tidestone has been a Dynamics reseller since it was founded in 1995 by president Sandra Wyman.
HK Financial Services Price Slashed
The price for Blucora to acquire HK Financial Services has been slashed by 37.5 percent from the previously announced purchase price. Blucora said this month the agreement has been dropped to $100 million from $160 million based on current economic conditions.
Blackbaud Takes Cash-Saving Steps
Blackbaud has instituted a broad set of steps designed to strengthen the company’s cash position. This includes eliminating the quarterly cash dividend and temporarily suspending 401(k) matches.
HotDocs Supports Remote Interviews
Professionals can now conduct remote interviews so information can be entered directly into HotDocs. AbacusNext said the capability is part of the recent release of HotDocs Advance 1.18.
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