News (1975)

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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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D.C. Preparer Guilty in Fake Return Case

doj logoA District of Columbia preparer has been convicted on 25 counts of aiding and assisting in the preparation of false individual tax returns. A  jury found Enyinnaya Udo guilty on all counts with which he had been charged. Read more...

CliftonLarsonAllen Intacct Partner of Year

CliftonLarsonAllen logoCliftonLarsonAllen has been named Partner of the Year by online vendor Intacct. The organization is one of a number of CPA firms that Intacct has enlisted as resellers or which use the cloud-based financial application to provide outsourced accounting services. One of its predecessor firms, LarsonAllen Weishair, was one of the first accounting firms to join the Intacct channel and was partner of the year for the vendor in 2008. Read more...

ADP 4Q Slower, But Good Growth for 2012

 Carlos Rodriguez, ADPAutomatic Data Processing saw less growth for the fourth quarter ended June 30 than it had for the rest of the year. But the payroll services company still ended 2012 with a respectable 10.7-percent increase in net income on an 8-percent rise in revenue. Read more...

Block CEO Gets $12M in First Year

William Cobb, H&R BlockWilliam Cobb pulled down just under $12 million in compensation in his first year as CEO at H&R Block. Cobb earned that amount for the year ended April 30 in a company that has seen high turnover in its executive ranks over the last two years.

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TaxAct Revs Grow by Double Digits

William Ruckelshaus, BlucoraTaxAct earned double-digit increases in operating income and revenue as it performed well in ending the season for its parent, Blucora, formerly known as InfoSpace. On a pro forma basis, segment income for the second quarter ended June 30 was up 21 percent and revenue rose by 11 percent. Read more...

Thomson Strong Tax And Accounting Results

Thomson logoThomson Reuter's Tax and Accounting business turned in strong results for the second quarter ending June 30 with a 19-percent increase in operating profit and a 25-percent increase in revenue. Those operations were by far the strongest among Thomson's businesses with the parent company reporting an 8-percent drop in underlying profit and a 1-percent increase in revenue.

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CCH Continues Remake with Sabbatis' Exit

Mike Sabbatis, CCHCCH is being remade. The latest change element is the pending departure of Mike Sabbatis, who has served as president and CEO since 2007. He will leave in September. That follows the June resignation of Bob Dias, VP of product management, after 33 years with the company. Sabbatis will be succeeded by Karen Abramson.

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Two Alabama Preparers Sentenced

Department of Justice logoTwo Alabama preparers have been sentenced to prison in a case that has already seen three other employees of the same firm given sentences. James E. Moss was sentenced to 160 months in prison and Avada L. Jenkins to 41 months for their role in preparing false returns at Moss's Montgomery, Ala.-based Flash Tax business.

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Bank Product Decline Cuts into CCH Results

 Nancy McKinstry. Wolters KluwerA decline in bank product revenue and in tax publishing countered 4 percent organic growth in tax and accounting software for Wolters Kluwer's Tax & Accounting operations for the first half ended June 30. The result for the parent of CCH was flat organic revenue for the North American operations while a decline in high-margin bank product revenue at the company's Small Firm Services cut into the EBITA margin.

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Wave Intros Accountant Tools

Wave logoWave Accounting, which markets online small business accounting software, has launched new tools for accountants and bookkeepers. The Toronto-based company says the tools are designed to link members of the Wave Pro Network to small business customers.

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