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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...QuickBooks Online: Big Growth Ahead
Intuit expects to add about 1 million new subscribers for QuickBooks Online for the year ending July 30. The company projects the level will hit 3,275,000 to 3,375,000 subscribers in the current fiscal year. That is up 27.2 percent over the 2,383,000 at the end of fiscal 2017, which itself was up 58 percent from the 2016 totals.
KMPG to Pay $6M over Energy Audit
- Tuesday, 15 August 2017
- News
- Written by The Progressive Accountant
KPMG has agreed to pay more than $6 million in disgorgement, interest and civil money penalties for its role in the audit of a now bankrupt energy business. The Securities and Exchange Commission also slammed the firm for utilizing a partner with no experience with oil and gas companies given the high risk of its work with the former Miller Energy.
SmartVault Parent Goes Public
The former document management business of Australian Reckon has gone public as GetBusy. The new company, which owns SmartVault and Virtual Cabinet, went public this month on London's Alternative Investment Market with a market cap of about $17.8 million after raising about $3.9 million in a public offering.
ADP Says Accountant Tool Booms
- Tuesday, 08 August 2017
- News
- Written by The Progressive Accountant
ADP says that 8,000 accounting firms have adopted its Accountant Connect dashboard. Announced in February, Accountant Connect is designed to provide accountants with a single view of payroll reports and tools. The total was disclosed during ADP's recent webcast for earnings for the year ended June 30.
ADP Rejects Takeover Attempt
- Monday, 07 August 2017
- News
- Written by The Progressive Accountant
ADP has rejected a bid by Pershing Square Capital Management to take control of the payroll services company board. ADP says that Pershing, led by activist investor William Ackman, approached it on August 1. The investment firm seeks to elect five to the board of directors and to replace CEO Carlos Rodriquez.
Tax & Accounting Leads Thomson Quarter
The Tax & Accounting business at Thomson Reuters registered the highest growth of the company's three divisions for the second quarter ended June 30. The unit's revenue rose 8 percent while company revenue was flat on an IFRS basis, up 2 percent inconstant current over last year's corresponding period.
Checkpoint Business Combinations Released
- Monday, 24 July 2017
- New Products
- Written by The Progressive Accountant
Thomson Reuters has added discussion of business combinations to Checkpoint Catalyst: U.S. GAAP. The content incorporates analysis of Topic 805, Business Combinations of the FASB Accounting Standards Codification, the authoritative accounting and reporting guide for business combinations under U.S. GAAP.
FreshBooks Raises $43 Million
- Wednesday, 19 July 2017
- News
- Written by The Progressive Accountant
FreshBooks, which markets cloud accounting software, has raised $43 million in Series B Funding. The company expects to invest the funds to support North American growth and to support development of its latest product, launched in September.
Cherry Bekaert Takes on Oracle+NetSuite
- Tuesday, 18 July 2017
- News
- Written by The Progressive Accountant
Multi-office accounting firms continue to move into the cloud accounting space. The latest is Richmond, Va.-based Cherry Bekaert which has established an ERP consulting practice for the web-based application. That follows NetSuite's signing WithumSmith+Brown of Red Bank, N.J., in March.
BNA Debuts Pass-Through Entity Tool
- Tuesday, 18 July 2017
- New Products
- Written by The Progressive Accountant
Bloomberg BNA has launched a Pass-Through Entity Navigator, which provides state-by-state analysis and practical guidance for each type of pass-through entity and pass-through entity owner. Available to subscribers of Bloomberg BNA's Tax & Accounting State Tax research service, the analysis is also accessible through customizable state comparison charts.
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