are going unpaid in employee taxes.
... are going unpaid in employee taxes.
While classifying workers as independent contractors rather than putting them on payrolls may seem attractive from a financial standpoint, doing so illegally can
. However, excluding pre-tax charges and income tax expenses, year-over-year earnings from continuing operations for the second quarter 2008 were essentially flat compared to the prior-year quarter. Gross
of Angelo Gordon & Co. for between $11.35 and $11.50 per share (based on earnings before interest, taxes, depreciation and amortization). The new Angelo Gordon & Co. deal is expected to close by Oct. 15.
of $39,000 in the same period of 2005. Revenue fell 8.3% to $18.3 million from $20.0 million in the year-ago quarter. Gross margin slipped to 16.4% from 17.0%. The company said it took a $16.9 million tax
also said it took a $16.9 million tax valuation allowance in the fourth quarter that contributed to the loss. The company had a net loss of $13.3 million in 2006 compared with a net loss of $2.5 million
and a soft U.S. market forced Hudson Highland Group Inc. to lower its earnings expectations. Hudson said it now expects 2005 earnings before interest, taxes, depreciation and amortization to be around $27
The U.S. Justice Department is suing Mirabilis Ventures Inc. and four defunct PEOs, seeking as much as $223 million in overdue taxes dating back to 2001.
The U.S. Justice Department is suing Mirabilis Ventures Inc. and four defunct PEOs, seeking as much as $223 million in overdue taxes dating back to 2001. Mirabilis, which owns
, and failed to pay workers for the minimum number of hours promised. It was seeking class action status.
The company anticipates an $8.8 million pre-tax charge in the third quarter of 2006 for the settlement