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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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AICPA Members Approve Admission Update

AICPA logoNEW YORK - Members of the American Institute of CPAs have approved changing the organization's bylaws to modernize admission requirements with 81.39 percent favoring the update. The 60-day voting period ended on October 8 with 70,388 in favor of the change and 16,096 opposed. The approval of two thirds of those voting was required to adopt the by-law amendment.

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IRS Issues W-2 Form Draft

WASHINGTON — The Internal Revenue Service has issued a draft form W-2 for 2011, for  employers to report wages and employee tax withholding and which can be used to report the cost of coIRS logoverage under employer-sponsored group health plans, but also made reporting the cost of those plans optional in 2011.

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SEC Reinstates Two CPAs

Victor WahbaThe SEC spends more time in suspending CPAs from practicing before it than om restoring them.  But this week, it approved the applications by two suspended CPAs, Michael S. Joseph, who had been an Ernst & Young partner, and Victor R. Wahba, a partner at Weiser, for reinstatement to practice before the federal agency.

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Jackson Hewitt Gets Same Republic Funding

Jackson HewittAll tax preparation company Jackson Hewitt Tax Services has to do is get the other half of the funding it needs for its refund anticipation loan program as Republic Bank has agreed to fund half the program in the upcoming tax season as it did for the 2010 tax season. But the Parsippany, N.J.-based tax chain needs to get another source of funds to meet requirements of agreements with its own lenders.

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McGladrey Partner Draws SEC Ban

McGladrey logoThe fall out from a failed investment firm continues to haunt McGladrey which inherited the mess involving the former Sentinel Management Group when it acquired the former Altschuler, Melvoin and Glasser in November 2006. This week, the SEC censured AMG and barred engagement partner George Victor (Vic) Johnson, who is now a partner with McGladrey, from SEC practice for his role in signing off on audits for Sentinel, which used millions of dollars in client investment funds as collateral for loans. Read more...

Paychex Promotes Mucci to CEO

Martin MucciWith Paychex founder Tom Golisano joking on Tuesday about his reputation of being hard to work with, it made sense that the person named on Thursday as the payroll services provider's new CEO was an insider, Martin Mucci, SVP of operations. Mucci joined the company in 2002 after a career in the telecommunications business.

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Retirement Funds Boost ADP Exec Pay

Gary ButlerExecutives at Automatic Data Processing did not receive bonuses for the year ended June 30. But a jump in two retirement funds produced decent increases in total compensation. In the case of CEO Gary Butler, his pay for 2010 rose by 16.2 percent as his pension and deferred compensation plans saw a 60.3 percent increase in value for the year.

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CrossLink Opens Georgia Office

Charles PetzTRACY, Calif. - Petz Enterprises, which markets the CrossLink professional tax line for high-volume retail tax offices, has opened a Southeast regional office in Rome, Ga. It's the second regional office the California company has opened in the last 22 months.

 

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SEC: Utah CPA Siphoned Millions from Employer

The SEC has received a court order freezing the assets of Paul R. Beckwith, a 37-year old Layton, Utah, CPA, after accusing him of transferring millions of dollars from Theradoc, a company that employed him as assistant controller, to an account controlled by his CPA firm. He is also accused of investing the money in his own accounts and of altering Theradoc bank records to cover up the diversion.

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Paychex Plans Broad Pricing Changes

Tom GolisanoA broad-based change to Paychex's product bundling and pricing is on the way over the next week, founder and chairman Tom Golisano said in this morning's Webast of results for the first quarter ended August 31. And although results were better than expected, Golisano outlined a plan that he said is necessary to counter the deterioration of sales close rates, to make the company more competitive than it has been in the last few years and to look into international expansion.

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