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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...SmartVault Seeks Larger Firms
GetBusy, owner of two document management systems, is targeting larger customers in 2021. The disclosure was made as the parent company, England-based GetBusy, which also owns VirtualCabinet, reported financial results for the year ended December 31.
NFP Income Plunged in Crisis
More than 70 percent of nonprofit organizations saw a decline in income last year, according to a recently released survey by BKD CPAs and Advisors. The study, the “State of the Nonprofit Sector” found that a quarter of respondents reported revenue fell by 26 percent to 50 percent.
Investor Group Would Sell TaxAct
An investor group that is suing Blucora over alleged unfair practices in the election of its board of directors would consider selling the TaxAct tax software business. Ancora, which says it owns 3.4 percent of the company stock, says the tax software business and Blucora’s Avantax wealth management operations would be better off as stand-alone units.
Slight Growth for WK Tax and Accounting
Wolters Kluwer’s Tax and Accounting business faced a tough year with the conditions surrounding the Covid-19 pandemic impacting sales. The unit’s revenue rose by 1 percent for the year ended December 31 with overall sales flat compared to 2019.
Thomson Tax, Acct'ing Up for 4Q, Down for 2020
The Tax & Accounting Professionals segment of Thomson Reuters registered 4-percent revenue growth for the fourth quarter ended December 31. However, the top line for the unit was off by 1 percent for 2020 as currency took a toll.
Tax Deadline, Interest Rates, Hurt Blucora
Blucora, which owns TaxAct and Avantax Wealth Management, reported a 26-percent drop on operating income on a 5-percent rise in revenue for 2020. The company’s bottom line was $342.8 million loss for the year ended December 31, with a majority of that a $270.7 million impairment charge for goodwill for its wealth management business, which was taken in the first quarter.
HSO ProServe To Ramp Up Practice Management
HSO ProServe, which markets a variety of applications for professional services firms, plans to increase marketing its practice management suite to accounting firms. The company, the former SA Global, was recently purchased by HSO.
Bill.com Customer Adds to Slow
Bill.com expects to add fewer customers over the next few quarters, CEO Rene Lacerte said this month. The executive made the comment as the payments software company reported results for the second quarter ended December 31.
AICPA Survey: Financial Tension Rising
Financial issues have always produced tensions in relationships. But the pandemic and its impacts are increasing tension, according to recent survey by the American Institute of CPAs.
Lockstep Raises $10 Million
Payments software company Lockstep has raised $10 million in Series A funding. Founded in 2019, Lockstep offers cloud-based AR and AP processing.
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