News (1928)
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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...S.C. Comptroller Fried by $3.5B Error
South Carolina’s elected comptroller general, Richard Eckstrom, is resigning after the heat grew intense because of $3.5-billion error in state financial reporting. A CPA, Eckstrom, had held the job for 20 years.
Rippling Raises $500 Million
Rippling stumbled into a $500-million financing round this month. The company had originally sought the capital because $545 million of customers’ money was frozen by the collapse of Silicon Valley Bank.
SEC Whacks Blackbaud for $3 Million
The SEC’s finding Blackbaud made misleading statements about a 2020 ransomware attack has led to the company agreeing to a $3-million civil penalty. The company also agreed to cease and desist from violations of the Securities Act of 1933, the agency said this week.'s
CCH Axcess: Double-Digit Growth
Organic revenue for the CCH Axcess grew by double-digits for the year ended December 31, Wolters Kluwer has reported. That was part of the performance noted in the company’s tax and accounting business for 2022.
Returns Rise 1.3 Percent
Income tax returns received by the Internal Revenue Service for the season February 24 were 1.3 percent more than the total through Feb. 23, 2023. Meanwhile, efiles filed by tax pros surpassed those from DIYers.
IRIS Buys Payroll Biz
The Iris Software Group, which has purchased a number of companeis that make software for tax and accounting offices, has acquired Apex HCM. Terms were not disclosed.
Avalara Takes Crush Regional
The annual Avalara Crush conference has become eight regional conferences. Crush has not been held in-person since 2019 because of the COVID-19 pandemic.
AbacusNext Becomes Caret
AbacusNext, which markets a variety of legal software tools, has become Caret. The company also markets the OfficeTools practice management system for accounting firms.
Digital Asset Software Cos. Combine
The software companies that market digital asset management software have come together with the purchase of Tactic by Taxbit. Terms were not disclosed.
CPA Guilty in Tax Shelter Fraud
A Florida CPA has pleaded guilty to using syndicated conservation easement tax shelters to protect income of high-income clients from taxes. Ralph B. Anderson of Naples admitting causing a tax loss of nearly $3.5 million.
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