The move stems from the company's plan to take an after-tax charge of 10. a share to increase professional-liability reserves. Two unrelated claims arose out of nurse-staffing services provided by labor
in the previous year. It included a third-quarter restructuring charge. Pre-tax income was C$3.0 million compared with C$949,670 in the 2005 fiscal year. Revenue for 2006 rose to C$166.5 million (US$149.5 million
to accommodate the boom in demand. Additionally, some costs such as commissions and marketing expenses have been rising even faster than personnel and office expenditures.
The upturn in costs took its toll on pre-tax
,000, compared with $1.5 million in the prior fiscal year. Earnings before income taxes, depreciation and amortization (EBITDA) for the quarter was $1.1 million, down from $1.8 million for the prior period. Net ... ,000, compared with $1.5 million in the prior fiscal year. Earnings before income taxes, depreciation and amortization (EBITDA) for the quarter was $1.1 million, down from $1.8 million for the prior period. Net
said it took a $16.9 million tax valuation allowance in the fourth quarter that contributed to the loss.
"Our travel allied and nursing divisions continued to underperform in the market," said President
their placements are working. For staffing companies, it's a new source of job candidates, with no recruiting costs. Other incentives include special tax credits and other financial rewards. It's also an opportunity
expenses for business travel. When the per diem method is properly used, allowances are excluded from an employee's withholding tax, are not reported on Form W-2 and are not otherwise reported.
minefield a company must traverse in defining the terms of workforce deployment, particularly the danger that the company can be found liable for worker benefits and/or payroll taxes if the IRS rules that its