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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...AICPA: Tax Bill to Spur Financial Planning
Gift and estate tax provisions in the newly signed tax bill are expected to trigger a wave of wealth transfers during the next two years as the wealthy adjust their financial planning strategies, according to Lisa Featherngill, who chairs the American Institute of CPAs' committee for the Personal Financial Specialist credential. She attributed that to an increase in lifetime limits on giving.
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Republic Dropping Top RALs to $1,500
Republic Bank expects that during the upcoming tax season it will reduce the amount of money available for refund anticipation loans by 50 percent or more while the maximum amount of individual RALs will fall to $1,500. It also said it is shifting much of its RAL funding to the troubled Jackson Hewitt Tax Service. Republic filed a statement about its program with the SEC the same day that Jackson Hewitt filed documents in which it said it would offer RALs about 4,200 locations.
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Lenders Shorten Jackson Hewitt's Leash
Lenders let Jackson Hewitt Tax Service off the hook from a requirement that the tax preparation company have coverage for all expected refund loan demand for the upcoming tax season. And Jackson Hewitt now believes it can meet 90 percent of the expected demand Refund Anticipation Loans at roughly 4,200 locations. However, the banks tightened their oversight of the chain's operations, imposing spending limits and controls over the company's bonus programs, along with requiring more frequent and wide-ranging reports about its financial status.
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Intuit Intros Online Practice Management
Intuit has introduced a free beta version of an Internet-based practice management system that the company says will tie together client management, engagement management and time and billing. The beta program will run through tax season with the company planning to have determined the product's price by the time of the full launch on May 1.
PCAOB Censures E&Y Manager
- Tuesday, 14 December 2010
- News
- Written by The Progressive Accountant
The Public Company Accounting Oversight Board has censured CPA Jacqueline Higgins for backdating audit documents in March, allegedly at the direction of a senior manager and the engagement partner at Ernst & Young's Boston office. The actions were reportedly taken in preparation for a PCAOB inspection despite the fact all three had receive a communication from the firm not to change any records.
PCAOB Outlines Broker-Dealer Inspection Rules
- Tuesday, 14 December 2010
- News
- Written by The Progressive Accountant
The Public Company Accounting Oversight Board has proposed a temporary rule to establish an interim inspection program of registered CPA firms' audits of broker and dealers. PCAOB proposed the rules for public comment as it implements provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
CCH Pumps Up IntelliConnect
- Tuesday, 14 December 2010
- News
- Written by The Progressive Accountant
CCH continues to roll out enhancements to IntelliConnect, the research platform it introduced just over a year ago. The latest round includes a new home page design that the company says makes reading, browsing and navigation easier with tabs stretching across the top of the screen for better organization.
State Tax NexusExpert Introduced
- Tuesday, 14 December 2010
- New Products
- Written by The Progressive Accountant
The CCH State Tax NexusExpert incorporates guidance tools that are designed to provide legislative news, state filings and CCH's library of tax information. Content features include Nexus News, which provides access to tax nexus developments in each state and links to State Tax Day summaries.
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Copanion Simplifies GruntWorx Interface
- Monday, 13 December 2010
- New Products
- Written by The Progressive Accountant
Copanion has simplified its user-interface to support greater ease of use, which the company says will enable the workflow package to be implemented rapidly across a firm. The application has an expanded rights management that provides for the selection of multiple administrators and accounts in a firm.
Jackson Hewitt Getting 80% of RALs Funded
Tax preparation company Jackson Hewitt this week moved closer to its goal of getting funding for refund anticipations loans for all locations for the next tax season. The company said that Republic Bank, which funded 50 percent of its of RALs last season and had been prepared to do the same in 2011, has agreed to provide funding for refund loans at 80 percent of its locations.
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