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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Thomson”s OnBalance Targets Micro Biz

Trumaine Ferguson, Thomson Reuters OnBalance Express, a cloud-based accounting application, is designed for very small businesses.The recently introduced product from Thomson Reuters focuses on organizations for whom traditional small business accounting is too much software.

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Block Chief Received $11.9 M in FY18

Jeff Jones, H&R BlockJeff Jones, who became CEO in October, was paid $11.9 million by H&R Block for the year ended April 30.  His compensation included a $950,000 cash sign-on bonus, stock awards valued at $7.9 million and stock options worth $1.4 million. His salary for the partial year was $697,047 and he also received non-equity incentive compensation $941,420.

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Smaller Thomson Revs Up 2 Percent

Jim Smith, Thomson ReutersThomson Reuters reported a 2 percent-rise in revenue for the second quarter ended June 2 percent. However, the figures issued this week reflect continuing operations, which means the soon-to-be-sold Financial & Risk operations were not included in totals.

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Dollar Holds Down Wolters Kluwer Half

WKThe decline in the American dollar put a dent in an otherwise decent performance for Wolters Kluwer for the half ended June 30.  The company ended up with a 7-percent drop in revenue over last year’s corresponding period. However, revenue was up 1 percent in constant currencies and 4 percent organically, WK said this week.

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H.D. Vest Advisor Cuts to Continue

John Clendening, BlucoraH.D. Vest is continuing to cut its roster of advisors after trimming 16 percent in the last year. The parent company, Blucora, expects another roughly 300 will be cut by year’s end, CEO John Clendening said in a recent earnings webcast.

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Xero Buys Hubdoc

Jamie McDonald, Hubdoc Xero has acquired Hubdoc, which makes document collection and management software, for $70 million in cash and Xero equity. The New Zealand-based cloud software company said this week Hubdoc, based in Toronto, Ont., will operate as a stand-alone unit.

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Gusto Raises $140 Million

gustoGusto has raised $140 million in Series C venture funding. The online payroll application company, which was launched in 2012, said proceeds will be used to invest in new features and additions to its platform.

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Thomson Spinoff to Be Named Refinitiv

David Craig, Thomson Reuters Thomson Reuters Financial & Risk business will be given the name Refinitiv. The new name will be applied when Thomson completes its sale of the majority ownership in the unit to Blackstone funds sometime this year.

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Intuit to Sell Data Center

Tayloe Stansbury, IntuitIntuit is getting out of the data center business. The company is selling its largest data center in Quincy, Wash., to H5 Data Centers. The latter is described as one of the largest privately-owned data center operators in this country.

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CPA Allegedly Conspired with Lawyer

 Carl Nicholson CPAA Hattiesburg, Miss., CPA, Carl Nicholson has been indicted for allegedly conspiring to classify an attorney’s personal expenses as businesses expenses. On one occasion, Nicholson was accused of directing a $250,000 payment to one of the attorney’s personal trusts be classified as a business expense

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