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News

News (1919)

The Progressive Accountant is the leading online communit of public tax and accounting professionals focused on using technology to better manage and grow their practice.

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Rippling Expands EOR Program

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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 CPA Accused of Stealing from Elderly

A Brick Township, N.J.-based CPA and two others have been accused of stealing more than $1.5 million from two elderly siblings. Jeffrey Dampf, age 69, was  unsuccessful in allegedly attempting to transfer another $500,000 from the clients’ accounts to his own.

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ADP Sees Improved Outlook

Automatic Data Processing reported a 1-percent decline in revenue for the first quarter ended September 30. But that was better than expected and the payroll services company projected an improved outlook for the year ending June 30.

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WK Tax/Accounting Revs Up 4 percent

Revenue or Wolters Kluwer Tax and Accounting rose 4 percent year-over-year for the nine months ended September 30, the company said in its recent trading update. North American revenue, which comprises 62 percent of the quarter, increased by 4 percent.

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AICPA Awards COVID Hardship Grants

The American Institute of CPAs has awarded $50,000 in educational grants to undergraduate and graduate accounting students who have suffered financially because of the pandemic. Twenty-five AICPA Student Affiliate members have received $2,000 each.

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KPMG: Pharma/Biotech Investment Booming

Venture capital investments in the economy’s pharma and biotech sector is booming, according to Venture Pulse, a quarterly report published by KPMG Private Enterprise. Globally, VC investment has risen for the second straight quarter, although more money went into far fewer deals.

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Stock Awards Boost Bill.com Pay

Stock awards significantly boosted compensation for three Bill.com executives for the year ended June 30. CEO and founder Rene Lacerte was paid $17.2 million for the most recently ended year, more than triple the $5.4 million for fiscal 2019, accoring to documents filed with the SEC.

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QB Desktop 2021 Changes Introduced

 Intuit has introduced new features for QuickBooks 2021 desktop, including the QuickBooks desktop manager. That tool can be used to install any non-subscription QB Desktop applications starting with year 2010 through the latest version.

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CPACharge, TaxDome Integrate

CPACharge, which makes payment software, and TaxDome, which offers practice management applications, have integrated their products. The companies said this week the link provides remote work and mobile capabilities

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AnswerConnect Users Can Access Paychex App

Users of CCH Answer Connect can now access a Paycheck Protection Program loan forgiveness estimator developed by Paychex. The connection was announced this week by Wolters Kluwer Tax & Accounting, which owns the CCH line.

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Canopy Adds Productivity Dashboard

Canopy, which makes tax resolution software, has added a productivity dashboard to its practice management application. The new tool displays display time budgets on all tasks and subtasks.

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