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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...RALS: Epitaph for a Pretext
We come not to bury refund anticipation loans, but to talk about the way it was done. And whether you were a fan of the bank products, the process ought to leave a bad taste in your mouth.
Thomson: Tax and Accounting "Terrific Quarter"
The Tax and Accounting business of Thomson Reuters turned in what its CEO called "a terrific quarter" for the three months ended March 31. The unit had a 58-percent increase in operating profit on a 30 percent-rise in revenue with a 9-percent increase in organic revenue. That came as the company had a 2-percent rise in profit on a 4-percent increase in revenue as Europe continued to be a drag on results.
Intuit Buying DemandForce for $425M
- Friday, 27 April 2012
- News
- Written by The Progressive Accountant
Intuit is planning to buy SaaS vendor Demandforce for $425 million. Demandforce bundles marketing and communications tools into a Web-based application and targets small local businesses. The deal is expected to close next month.
Block to Drop Jobs and Close Stores
- Thursday, 26 April 2012
- News
- Written by The Progressive Accountant
H&R Block is restructuring its organization with plans to eliminate 350 jobs and close 200 company-owned stores. It also announced that Philip L. Mazzini, president of Retail Tax Services, has resigned effective April 30. Block also said that total returns prepared for the 2012 tax season were up 4.5 percent over a year ago. But that was because online returns outpaced sluggish growth at retail stores.
Intuit Readies Practice Management Beta
Intuit is reported to have placed its online Intuit Practice Management application in a beta testing program. The product has been available to 2,000 firms as a pilot program over the last year. While the Intuit website had previously said the product would be released after the recent tax season, it seems likely the product will debut in July or August.
Xero Names U.S. Marketing VP
- Monday, 23 April 2012
- News
- Written by The Progressive Accountant
Xero, a New Zealand-based company, nas named Ian Vacin as VP of marketing for U.S. operations. Vacin, who was recently worked at Intuit, joins the company as at seeks to ramp up the still-small market for its online accounting applications in the United States.
Thomson Sells Healthcare Unit
- Monday, 23 April 2012
- News
- Written by The Progressive Accountant
Thomson Reuters has agreed to sell its healthcare business to Veritas Capital, a private equity firm, for $1.25 billion in cash. The deal would consummate a plan by Thomson that had been stalled last fall when the company decided market conditions were not right for getting an adequate price for the healthcare business.
TaxAct Parent Paid Owners Well
- Thursday, 19 April 2012
- News
- Written by The Progressive Accountant
2SS Holdings, the company that owned the TaxAct software line, was an extremely profitable operation that paid its owners large dividends. And perhaps that explains why after the courts blocked its sale to H&R Block, the company was quickly snapped up by InfoSpace in January. For the year ended September 30, the company had operating margins of 43.6 percent and that was down from more than 49 percent for each of the prior fiscal years.
Ex-BDO Partner Sentenced for Tax Crimes
- Monday, 16 April 2012
- News
- Written by The Progressive Accountant
Stephen A. Favato, a former partner in BDO Seidman's Woodbridge, N.J., office, has been sentenced to 18 months in prison for tax crimes. Favato, a resident of Point Pleasant Beach, N.J., was found guilty in August 2010 by a federal jury of one count of corruptly endeavoring to obstruct and impede the Internal Revenue laws and one count of aiding and assisting in the preparation and filing of a false income tax return.
Read more...Thomson Moves into Indian Tax Market
- Monday, 16 April 2012
- News
- Written by The Progressive Accountant
Thomson Reuters has entered the tax and accounting market in India through the acquisition of Fast Facts. Fast Facts, based in Mumbai, produces tax software and claims about 10,000 professionals and small firms as users. Users also include Big Four accounting firms, banks and multinational corporations.
Read more...
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