quarter of 2006 from $2.7 million in the same period last year. The company said the fourth quarter net income included a tax benefit of about $3 million from the full reversal of the remaining valuation
technology, acquired BF Consultants Inc. of Irvine CA for an undisclosed sum. BF is an accounting, finance and tax consultancy.
One to watch
Cincinnati-based Resolve Staffing Inc. made three acquisitions
of Federal and state labor, employment, tax and benefits laws." Since HR functions within a firm are process-driven, compliance efforts are, oftentimes, implemented and forgotten about until legal action
and higher state unemployment taxes. Medical Staffing Network Holdings Inc. also saw a 71% profit decline.
MARGINS. Gross margins for the 42 companies with information available averaged 23.3%, down from 24
preceded every expansion period since 1973." He said the tax cuts, the Federal Reserve reducing interest rates and the stock market "are all fueling optimism but this has yet to be translated into increased
FedEx faces other lawsuits regarding independent contractor status, including a national class action lawsuit, and state tax proceedings, according to its most recent 10-Q filing. And with more labor
in the second quarter of 2005, which included an after-tax charge of $3.2 million.
"We experienced higher bill rates and expansion of the bill-pay spread in our core nurse staffing business during the second
. But to avoid making them permanent employees, businesses often use payrolling companies. Those companies (or staffing agencies) put the contractors on their employee rolls, pay their salaries and taxes