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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Checkpoint Tax Cut Act Report Issued

checkpointThomas Reuters has released a Checkpoint special report to aid publicly held companies in understanding the impact of the Tax Cuts and Jobs Act on their financial reporting and disclosure obligations. The report, Effects of the Tax Cuts and Jobs Act on Public Company Disclosures, discusses the SEC Staff guidance, issued when the legislation became law.

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Adaptive Insights to Go Public

Thomas F. Bogan, Adaptive InsightsAdaptive Insights, which makes cloud-based budget and planning software, is preparing to go public. The Palo Alto, Calif-based software company seeks to raise a maximum of $100 million in proceeds, which will used for a wide range of purposes.

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Wolters Kluwer First Quarter: Mild Growth

Nancy McKinstry, Wolters KluwerWolters Kluwer’s Tax and Accounting business had mild growth for the first quarter ended March 31. The company said if a recent trading update for the quarter the unit had “mid-single-digit organic growth, as expected”.

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Thomson Continuing Operations Grow

Jim Smith, Thomson ReutersThomson Reuters has reported results for the first quarter ended March 31 that show the much smaller size of the company after it sells ownership of its Financial & Risk business. Thomson reported 4-percent revenue growth for the business that will remain after Blackstone acquires a 55-percent stake in F&R.

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Avalara Files to Go Public

Scott McFalane, AvalaraSales and use tax company Avalara has filed its long-awaited bid go public. In its filing with the SEC, the Seattle, Wash.-based company said it will seek a maximum of $150 million in proceeds from the offering.

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Xero Slashes Loss in 2018

Steve Vamos, XeroCloud software vendor Xero sharply cut its loss for the year ended March 31. The New Zealand-based company this week said the loss for the recently ended year was about $19.3 million, 60-percent lower than in 2017. It also reported its first positive annual EBITDA, roughly $18 mill

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Bloomberg Releases Advantage Automator

Ken Crutchfield, Bloomberg Tax TechnologyBloomberg Tax has released the cloud-based Advantage Automator. Built on the company’s Advantage platform, the new product can connect multiple tax and accounting systems enabling professionals to connect a wide variety of data.

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ADP to Take Estimated $296M Charges

Carlos Rodriguez, ADPAutomated Data Processing expects to take about $296 million in pre-tax charges in the fourth quarter ending December 31. The charges are a combination of $46 million in what the company says are transformation charges and roughly $250 million stemming from a voluntary early retirement program.

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Paychex Launches New Service

PaychexPaychex has launched a new subscription-based service which is designed to protect against interruption of service. Paychex Promise, which has a variety of features, extends collection of payroll funds from a business’s bank account by seven days.

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Blucora CEO Comp Up 12.5 Percent

 John Clendening, BlucoraCompensation for John Clendening, CEO of Blucora, rose by 12.5 percent for the year ended December 31. The company’s recent SEC filings show Clendening received $5.4 million in 2017 compared to $4.8 million the prior year. Blucora is the parent of H.D. Vest and TaxAct.

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