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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...Spanish-English Simply Accounting
- Friday, 22 October 2010
- New Products
- Written by The Progressive Accountant
Simply Accounting 2011 for the United States can toggle between Spanish and English in real time as part of the accounting package's features that addresss the needs of small to midsize businesses and accounting who are part of or serve the U.S. Hispanic community.
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Block Claims Bank's Action Threatens RALs
With the refund market appearing more and more threatened, H&R Block has sued HSBC Bank claiming that the bank, which fund's the tax preparation companies loan programs, has failed to take steps that would enable Block to provide Refund Anticipation Loans during the upcoming tax season. That comes less than a week after Meta Financial says it has to get regulatory approval for expanding its income tax-based loan programs.
Block Buys TaxAct Software
- Thursday, 14 October 2010
- News
- Written by The Progressive Accountant
NEW YORK - In what looks like a lack of confidence in the management of its own consumer tax product, H&R Block said it would buy Second Story Holdings, which owns the TaxAct software, for $287.5 million in cash. Block will continue to market its At Home line, formerly known as Tax Cut, along with TaxAct, but the acquired unit's management will run the business.
Gilman Covers Exec Financial Penalties
Financial planning firm Gil
manCiocia has agreed to indemnify its CEO and chief compliance officer for civil penalties levied against each by the SEC. At the same time, the company revealed its form 10-K that it had missed the deadline for paying part of a $450,000 civil penalty ordered as a result of the cases, which involved the fraudulent sale of variable annuities by some of its representatives to senior citizens. That information came as the company improved both its bottom line and revenue for the year ended June 30.
AICPA Members Approve Admission Update
- Tuesday, 12 October 2010
- News
- Written by The Progressive Accountant
NEW YORK - Members of the American Institute of CPAs have approved changing the organization's bylaws to modernize admission requirements with 81.39 percent favoring the update. The 60-day voting period ended on October 8 with 70,388 in favor of the change and 16,096 opposed. The approval of two thirds of those voting was required to adopt the by-law amendment.
IRS Issues W-2 Form Draft
WASHINGTON — The Internal Revenue Service has issued a draft form W-2 for 2011, for employers to report wages and employee tax withholding and which can be used to report the cost of co
verage under employer-sponsored group health plans, but also made reporting the cost of those plans optional in 2011.
SEC Reinstates Two CPAs
The SEC spends more time in suspending CPAs from practicing before it than om restoring them. But this week, it approved the applications by two suspended CPAs, Michael S. Joseph, who had been an Ernst & Young partner, and Victor R. Wahba, a partner at Weiser, for reinstatement to practice before the federal agency.
Jackson Hewitt Gets Same Republic Funding
- Wednesday, 06 October 2010
- News
- Written by The Progressive Accountant
All tax preparation company Jackson Hewitt Tax Services has to do is get the other half of the funding it needs for its refund anticipation loan program as Republic Bank has agreed to fund half the program in the upcoming tax season as it did for the 2010 tax season. But the Parsippany, N.J.-based tax chain needs to get another source of funds to meet requirements of agreements with its own lenders.
McGladrey Partner Draws SEC Ban
The fall out from a failed investment firm continues to haunt McGladrey which inherited the mess involving the former Sentinel Management Group when it acquired the former Altschuler, Melvoin and Glasser in November 2006. This week, the SEC censured AMG and barred engagement partner George Victor (Vic) Johnson, who is now a partner with McGladrey, from SEC practice for his role in signing off on audits for Sentinel, which used millions of dollars in client investment funds as collateral for loans.
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Paychex Promotes Mucci to CEO
- Friday, 01 October 2010
- News
- Written by The Progressive Accountant
With Paychex founder Tom Golisano joking on Tuesday about his reputation of being hard to work with, it made sense that the person named on Thursday as the payroll services provider's new CEO was an insider, Martin Mucci, SVP of operations. Mucci joined the company in 2002 after a career in the telecommunications business.
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