News (1965)

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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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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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McGladrey Units to Reunite

McGladreyThe two organizations that were once operated as McGladrey & Pullen will reunite when the accounting firm of that name acquires RSM McGladrey for about $610 million from H&R Block, about double what the tax services company paid to purchase the unit 12 years ago. The parties continued to function under the McGladrey name under what they described as an alternative practice structure, but the Block-owned organization had noticeably weakened over the last few years.

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Intacct Honors Six in Channel

intaact logoOnline accounting application vendor Intacct has named six organizations to its 2011 President's Club,  an award the company said is based on sales success and client service. Among those selected were three CPA firms. Horne LLP of Ridgeland, Miss.; LarsonAllen of Minneapolis and SingerLewak of Los Angeles.

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Wave Starts Accountant Program

Wave Accounting, a nine-month-old company, has started the Wave Pro Network, a program aimed at getting accountants and bookkeepers involved with its online accounting application. Currently there is no application form and the company does not plan to charge fees for professionals to join.

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AICPA Wants Optional IFRS Adoption

Barry Melancon The American Institute of CPAs has recommended that publicly held companies in this country be given the option of adopting International Financial Reporting Standards. The organization made its opinion known in a letter to the Securities and Exchange Commission.

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