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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CCH Axcess Revs Overtaking Desktop in 2023

McKinstry Nancy NewRevenue for CCH Axcess will pass the amount of revenue for desktop tax and accounting products next year. Wolters Kluwer this week did not disclose the among of revenue for the cloud product but noted the cloud platform’s double-digit organic growth for the first half ended June 30.

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SmartVault Gets Form-fill, Quotes This Year

 Update diffrentForm-fill and quoting technologies will be available for SmartVault during the fourth quarter, its parent, GetBusy, said this month. As it released results for the first half ended June 30, GetBusy said those features will be integrated with its Virtual Cabinet line later.

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Liberty Parent Curtails Loan Biz

Loan hand moneyNextPoint Financial, which owns Liberty Tax Services, is ceasing to make loans through its LoanMe operations, which it acquired for about $120 million a year go. The company, which is based in Hurst, Texas, but trades on the Toronto stock exchange, said it has cut LoanMe’s workforce and will only continue to service outstanding loans.

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SEC Censures CohnReznik for 2017 Audits

CriticismThe Securities and Exchange Commission has censured accounting firm Cohn Renick and ordered it to pay a $1.9-million civil money penalty. The actions stem from what the SEC said were deficiencies in the firm’s quality controls that led to audit issues with two companies in 2017.

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QB Online Prices Increase 

Price tag Intuit has increased prices for its QuickBooks Online software. The steepest increase is coming with QB Advanced, a mid-market product, which raises 11.1 percent to a $200-monthly base from a $180-monthly base for existing customers who pay directly for their subscriptions.

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Intuit Ends QB Desktop Discounts

Dollar blue greensIntuit has ended discounts for any QuickBooks desktop products and at the same time, pulled the products from retail outlets. All desktop products will be sold at full manufacturer’s suggested price, the company said recently.

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Firms Win Solver Awards

Awards 1Accounting firms performed well in the recent awards given by analytical software company Solver recently. Chief among them was RSM US, which has been named Top Cloud Volume Partner 2021.

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Xero N. American Subs Rise 19.9 Percent

Dollar sign Xero’s subscriptions in North America increased by 19.9 percent for the year ended March 31. The company this month also noted revenue on the continent rose 28 percent year-over-year, 31 percent in constant currency.

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Avantax Wealth Pros Drop 8.3 Percent

Arrow blue odwn The number of financial professionals employed in the Avantax wealth management arm of Blucora fell by 8.3. for the first quarter ended March 31, compared to the level a year earlier. Blucora CEO Chris Walters reported the decline in the company’s recent earnings webcast.

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WK Revs Rise 13 Percent

Arrow blue Revenue for Wolters Kluwer rose by 13 percent for the first quarter ended March 31, up 8 percent in constant currencies and organically, the company said this month. 

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