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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...Intuit Expresses Confidence in Fiscal 2011
Even if the rest of the economy looks weak, Intuit painted an optimistic picture for its year ending July 31. At this week's earnings conference call, company executives said they expected overall revenue would grow by 8 percent to 11 percent, consumer revenue by 10 percent to 13 percent, and revenue from the accounting professionals segment--its Lacerte and ProSeries business--by 4 percent to 7 percent. That came as the company's earnings for fiscal 2010 topped all of Wall Street's estimates.
CEO Blames Intuit Outages on "Pure Execution"
Two lengthy computer outages that frustrated users of a broad range of Intuit applications, including one that shut down operations of thousands of small businesses, stemmed from Intuit's approach to its protecting its systems, CEO Brad Smith said today in a financial earnings Webcast. "It's was pure execution. It's something we need to fix," he commented.
Former CLR CEO Winn Cashes in on IPO
- Thursday, 19 August 2010
- News
- Written by The Progressive Accountant
Steve Winn, long-time president and CEO of the former Computer Language Research, has taken public RealPage, a real estate software company. Winn sold $18.2 million stock in his newest venture and his holdings had a market value of $487 million at the $16.75 per share close on August 18. The company went public in late July at $11 per share. CLR originated the InSource corporate tax line and GoSystem products, which are now owned by Thomson Reuters.
Sage Intros Peachtree Certification
- Wednesday, 18 August 2010
- News
- Written by The Progressive Accountant
Sage North North America is rolling out a program for members of its Sage Accountants Network via which they can earn certification on the Peachtree software line. Training for the program is available though the online Sage University Anytime Learning.
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CEO: Block Needs Better Marketing, Client Retention
H&R Block needs sharper marketing, improved client retention and top-notch bank products for the upcoming season, according to the company's new CEO Alan Bennett. Bennett made his points in a letter that was mailed to shareholders this month. Shareholders also received a letter from chairman Richard Breeden, whose strategy led Thomas Bloch, son of the company's founder, to resign from the board of directors and issue a letter critical of the company, particularly its allegedly high fees. Breeden wrote that fee increases are largely driven by tax code complexity.
CPA Cites Lost Computer, Burned House; Gets PCAOB Ban
A case in which a Florida CPA was banned from associating with any PCAOB-registered firm and his firm's registration was revoked is the first litigated case involving a PCAOB decision. While the SEC this month upheld the action, the story really goes back six years when the PCAOB initially questioned the technical competency of work by Gately & Associates and CPA James P. Gately.
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Santa Barbara Gets in RAL Business
The Santa Barbara Tax Products
Group, which formed early this year, has gotten into the refund loan business as widely expected in the tax industry. While the company issued no formal statement, its Web site is offering 28- to 48-hour Refund Anticipation Loans. Enrollment for those who offered RALs through another program is open through December 19.
CCH Write-up Clients to Get New Package
CCH Small Firm Services is rebranding the Client Write-up package that is sold primarily to its ATX and TaxWise customers and a beefed up edition of the product suite will replace CCH's ProSystem fx Write-up this fall. It will also replace the old CPA Accounting which customers have used for many years.
Accounting Revs Boost SmartPros Results
- Tuesday, 10 August 2010
- News
- Written by The Progressive Accountant
Growth in the sale of products for the accounting/finance division pushed educational specialist SmartPros to a 6.5 percent increase in revenue for the second quarter ended June 30. And although net income dropped by 60.3 percent for the same period, that was an improvement over the first quater when the company posted a six-figure loss. Accounting/finance revenue not only grew by 22.8 percent, it increased to 78 percent of net revenue in the most recently ended period, up from 78 percent a year earlier.
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Audit Firms Face SEC Review in Fraud Case
Two accounting firms that were involved in the audit of financial statements of a company whose CFO has been charged with fraud face an SEC administrative hearing to determine if they engaged in professional misconduct in audits that the SEC said showed severe problems. That came as the agency alleged that Karl Redekopp, former CFO of International Commercial Television, helped the company turn millions of dollars of quarterly losses into profits by falsely accounting for sales of a skin-care appliance via Home Shopping Network infomercials.
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