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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...H&R Block Names New CEO
H&R Block has named William C. Cobb, a former eBay executive, as its new president and CEO who will replace Alan Bennett, who is retiring in September. Meanwhile, the company said the number of returns it prepared for the tax season was up by 6.1 percent over the 2009 tax season, as the number of online tax returns increased. However, the overall growth lagged both rival chain, Liberty Tax, and sales of Intuit's TurboTax, which both rose by 11.1 percent for the same period.
Federal Court Upholds CPA Suspension
A Florida CPA who challenged a 24-month suspension of practice before the Internal Revenue Service has ended up with an 36-month bar. Lawrence Legel, who was suspended for helping a client hide income, had challenged the longer suspension sought by the IRS's Office of Professional Responsibility and had won a two-year ban on a ruling by an administrative judge.
eFileCabinet Integrates with QuickBooks
- Tuesday, 26 April 2011
- New Products
- Written by Bob Scott
eFileCabinet has released an integration with QuickBooks that will enable users to enter a variety of information into the small business software accounting package and have that data pulled into eFileCabinet and associated with supporting documents stored in the document management application. This includes profile data such as invoice numbers, check numbers and vendor names. Once information is entered in eFileCabinet users can search for keywords and retrieve files.
Read more...BNA Shareholders OK Exec Pay
Shareholders of the Bureau of National Affairs have overwhelmingly approved the compensation of named executive officers in an advisory vote. They even more strongly endorsed holding advisory votes annually at the shareholders meeting held on April 16.
SEC Holding IFRS Roundtable
- Thursday, 21 April 2011
- News
- Written by The Progressive Accountant
The Securities and Exchange Commission will conduct a roundtable at its headquarters in Washington D.C. to discuss the benefits and challenges of incorporating International Financial Reporting Standards into the financial reporting system for issuers in the United States. The IFRS event is scheduled for July 7 at the facility at 100 F. Street N.E.
Read more...BNA Parent Absorbs IOMA, Kennedy
- Tuesday, 19 April 2011
- News
- Written by The Progressive Accountant
The Bureau of National Affairs has purchased substantially all the assets of BNA Subsidiaries, a subsidiary whose product lines had been IOMA and Kennedy Information. BNA had placed the operation in Chapter 11 bankruptcy in September and a reorganization plan was confirmed by the bankruptcy court on March 22. The unit was to be renamed Kennedy Information. The sale of assets to BNA was made in consideration of its debtor-in-possession financing and intercompany claim.
Read more...
SEC, PCAOB Bar Utah CPAs
A former partner at a Utah CPA firm has been permanently banned and another partner barred for at least five years from associating any public accounting firm registered with the Public Company Accounting Oversight Board. The action was taken against two partners of Chisholm, Bierwolf, Nilson & Morrill of Bountiful, Utah, for failing to cooperate with a proposed PCAOB inspection and subsequent investigation. It also permanently revoked the firm's registration with the most serious charges surrounding the audit of an oil-and-gas-drilling business that was claiming properties it didn't own as assets.
Read more...New York CPAS Face SEC Hearing
Two New York City CPAs face hearing over SEC charges their lack of knowledge of accounting for derivatives played a major role in a client's substantially overstating assets and losses for two fiscal years. The SEC said the two, who were auditors for Kentucky Energy, turned over preparation of the clients' 2004 and 2005 financial statements to a consultant who was not a CPA and whose father was a VP and director of Kentucky Energy.
Read more...BNA Names Marketing, Technology Heads
- Wednesday, 06 April 2011
- News
- Written by The Progressive Accountant
BNA appointed two executives to lead its marketing and technology efforts. The company has named Lisa Fitzpatrick as chief marketing officer and John H. Camp as chief technology officer. In particular, the company said that Fitzpatrick's appointment was aimed at supporting marketing efforts across the company, instead of within different market areas.
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SEC Slams PriceWaterhouse India Firms
Five Indian members of PriceWaterhouseCoopers International have been censured by the SEC for their role in missing signals of massive fraud by Satyam Computer Services. That fraud included overstatement of bank accounts by hundreds of millions of dollars from 2006 through 2008 for a total of more than $1 billion in overstated revenue and cash. The fraud was undetected until the company's former chairman confessed in 2009. The problems led PW International to replace the audit teams involved and auditors from PW firms outside India were brought into the country in 2009 to provide audit leadership. The five firms were also ordered to pay a $6-million civil money penalty as they agreed to a cease-and-desist order.
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