News (1967)

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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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Sage Introduces Business Cloud

Kriti Sharma, Sage Sage has introduced the Sage Business Cloud, which it describes as a set of Internet-based products. The company said the suite, whose capabilities range from small business accounting and through advanced financial management, is available in the United States, United Kingdom and Canada.

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Moss Adams Joins NetSuite Program

Labi Rabiu, Moss Adams Oracle NetSuite has signed Moss Adams as part of its reseller network. The Seattle, Wash.-based accounting firm has been part of the cloud software company's Business Process Outsourcing program, since 2015. It is the latest in Oracle NetSuite's ability to sign multi-office firms.

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Abila Pushes Fund Accounting for Associations

Erin Shy, AbilaAbila has undertaken a new initiative, which involves marketing its nonprofit accounting software to associations. It is a market that the Austin, Texas-software company had not previously undertaken. However, the association market has changed, according to Erin Shy, EVP of nonprofit solutions and Abila GM.

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Paychex Happy with FY 18 Start

Martin Mucci, PaychexPaychex began fiscal 2018 with what CEO Martin Mucci called a "solid" start. For its first quarter ended August 31, the payroll services company reported net income of $227.8 million, a 5-percent increase from $217.4 million in last year's corresponding period.

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BNA Debuts Leasing Portfolios

Lisa Fitzpatrick, Bloomberg BNABloomberg BNA has released two accounting portfolios to help accounting professionals understand the new leasing standard. The portfolios provide-depth analysis and practical guidance to assist with the assessment and implementation phases of the new standard.

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Mostad Marketing Cloud Launched

MostadMostad & Christensen has introduced the Mostad Marketing Cloud, a platform that provides written content for client communications to tax and accounting professionals. The product gives firms the ability to autopublish to their digital marketing channels.

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Checkpoint Health Plan Report Available

ThomsonThomson Reuters has released a Checkpoint special report on health plan reimbursement. The report is titled "Which Expenses Quality for Tax-Free Treatment Under a Health FSA, HRA, or HSA?", and discusses which expenses from these plans quality for reimbursement or tax-free distribution.

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ADP, Pershing Exchange Charges

Carlos Rodriquez, ADPA proxy fight over three seats on the board of directors of Automatic Data Processing reached the finger-pointing stage this week. ADP claimed that William Ackman, whose Pershing Square Capital Management seeks to oust three board members, flipflopped on major issues and had misrepresented the size of his firm's stake in the payroll company.

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Paychex: Don't Tender Shares

paychexPaychex has urged its shareholders not to tender their shares in response to a bid made by an investment group. In a filing with the SEC this week, the payroll services company said it has been notified that TRC Capital Corp. intends to purchase up to two million share of Paychex common stock at a price of $54.75 per share.

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Ackman Asks for Bigger ADP Board

Bill Ackman, Pershing Square Activist investor Bill Ackman, who has been seeking to defeat three incumbent members of the board of Automatic Data Processing, has now wants to expand the board by three seats. Ackman's proposal became public this week with his filing with the SEC of a letter written to the board, which also shows he met with the ADP board recently.

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