News (1974)
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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...SEC Rejects Utah CPA Appeal
- Tuesday, 18 October 2011
- News
- Written by The Progressive Accountant
The SEC has dismissed the request of a Utah CPA to review action by the Public Accounting Oversight Board. The SEC decision means a $75,000 civil money penalty have been lifted against Edwin "Ted" Reese Davis Jr. Read more...
CCH Unit Changes Document Software
- Wednesday, 12 October 2011
- New Products
- Written by The Progressive Accountant
CCH Small Firm Services has replaced its Document Manager and Scan & Fill applications with a product called PaperlessPlus. The new software saves and stores emails, spreadsheets, memos and other documents as PDF files in a client's electronic folder.
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Sage Intros Construction Program
- Wednesday, 12 October 2011
- News
- Written by The Progressive Accountant
Sage North America has introduced a program for accountants who specialize in the construction and real estate industry. Operating under the Sage Accountants Network, the program gives members access to construction accounting software and support.
Former B'Nai B'rith Prez Guilty of Tax Fraud
- Wednesday, 12 October 2011
- News
- Written by The Progressive Accountant
A Pennsylvania CPA, the former president of B'nai B'rith, faces a possible 15 years in prison and a $1.5 million fine for preparing false tax returns. A federal jury in Philadelphia this week convicted Dennis Glick of Huntingdon Valley, Pa., for preparing the returns and trying to obstruct and impede internal revenue laws.
AICPA Nixes 3 Percent Withholding
- Tuesday, 11 October 2011
- News
- Written by The Progressive Accountant
The American Institute of Certified Public Accountants is supporting the repeal of a law that requires withholding of 3 percent of payments made to government contractors, as well as certain other payments such as Medicare. The AICPA said it supports H.R. 674 which would repeal the requirement passed by Congress in 2005. Federal, state and local governments were affected by the law.
N.J. CPA Charged in $670M Fraud
- Monday, 10 October 2011
- News
- Written by The Progressive Accountant
A New Jersey accountant who acted as an outside auditor for a Costa Rican firm faces additional charges for his part in an alleged $670 million fraud. Jorge Castillo, 56, an inactive CPA, and Minor Vargas Calvo, 60, president of Costa Rican-based Provident Capital Indemnity, were hit with charges this month under a superseding indictment.
Read more...CCH Intros Knowledge Coach for Comps & Reviews
- Wednesday, 05 October 2011
- New Products
- Written by The Progressive Accountant
CCH has introduced ProSystem fx Knowledge Coach for Comps & Reviews, an application that is designed for firms that do not perform audits. Like the version for audits, the new Knowledge Coach offers real-time diagnostics and an extensive library of workpapers and tools.
Thomson to Drop Divisions
Thomson Reuters says it plans to disband its divisional structure and transition to what it termed "a set of focused business units." It will make that change in 2012 and eliminate its Markets and Professional divisions. The company's Tax & Accounting business falls under the Professional Division.
Court Nixes Shelter KPMG Sold to Wells Fargo
- Tuesday, 04 October 2011
- News
- Written by The Progressive Accountant
A federal court has disallowed a more-than-$80-million tax refund claim filed by a subsidiary of Wells Fargo & Co. Judge John R. Tunheim concluded that claim stemmed from a sham tax shelter that the bank had purchased from KPMG for $3 million.The case was one of three that the United States won before three different federal judges on the same day.
Read more...AICPA Unhappy with FAF Action
- Tuesday, 04 October 2011
- News
- Written by The Progressive Accountant
The American Institute of CPAs has expressed its unhappiness with the failure of the Financial Accounting Foundation to support the creation of a board to establish GAAP standards for privately held companies. A statement from Barry Melancon, CEO of the AICPA cited the widespread support generated for those standards that had been communicated to FAF.
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