News (1973)

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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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Gusto Raises $140 Million

gustoGusto has raised $140 million in Series C venture funding. The online payroll application company, which was launched in 2012, said proceeds will be used to invest in new features and additions to its platform.

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Thomson Spinoff to Be Named Refinitiv

David Craig, Thomson Reuters Thomson Reuters Financial & Risk business will be given the name Refinitiv. The new name will be applied when Thomson completes its sale of the majority ownership in the unit to Blackstone funds sometime this year.

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Intuit to Sell Data Center

Tayloe Stansbury, IntuitIntuit is getting out of the data center business. The company is selling its largest data center in Quincy, Wash., to H5 Data Centers. The latter is described as one of the largest privately-owned data center operators in this country.

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CPA Allegedly Conspired with Lawyer

 Carl Nicholson CPAA Hattiesburg, Miss., CPA, Carl Nicholson has been indicted for allegedly conspiring to classify an attorney’s personal expenses as businesses expenses. On one occasion, Nicholson was accused of directing a $250,000 payment to one of the attorney’s personal trusts be classified as a business expense

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Xero Allies with Gusto

Cloud software company Xero has named Gusto as its preferred payroll provider for customers in the United States. The agreement gives Xero’s small business and accountant customers access to Gusto’s online payroll services. 

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Certify Buys Abacus

Certify, which has been growing with the consolidation of expense management software companies, has acquired Portland, Maine-based Abacus. Terms were not disclosed for the purchase of the software company, which was founded in 2013.

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Price Increases Drive Paychex Payroll

Martin Mucci, PaychexPaychex saw a 7-percent-revenue increase for the year ended May 31. Most of that came from a 14-percent rise in human resource revenue with the 2-percent increase in payroll revenue coming largely from price increases. 

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Bloomberg Debuts Rev Rec App

Ken Crutchfield , Bloomberg Tax Technology Bloomberg Tax has introduced an ASC 606 application which supports the revenue recognition standard. The product is available on the company’s cloud-based Advantage platform.

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ADP Exec: On-demand Pay Growing

Stuart Sackman, ADPAn executive of Automatic Data Processing recently said the economy is moving toward real-time, on-demand payment of workers. Stuart Sackman, corporate VP of global product & technology, noted during ADP’s recent Investors’ Day webcast the trend among ride-share companies and some major retailers.

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Catalyst Reports on Qualified Business Income

Salim Sunderji, Thomson Reuters CheckpointAn analysis of the IRC Section 199A qualified business income deduction has been issued by Thomson Reuters. The Checkpoint Catalyst Topic discusses the section's statutory construction, activities eligible for the deduction, limitations and prohibitions, and areas where additional guidance is needed before the provision can be properly implemented.

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