not to establish any new professional employer organizations. The Justice Department alleges the group's companies owe the government more than $5.5 million in unpaid corporate income taxes and federal employment
their constituents a benefit without overtly raising taxes or re-appropriating government expenditures. Conversely, employers providing self-funded benefit plans historically were not subject to these laws because
with termination if necessary.
A primary risk in hiring independent contractors to work on site is that the IRS or a state taxing entity may reclassify them as employees, in which case the company will have to pay
compared with net income of $8.1 million in the same quarter in 2004. Net income for the 2005 third quarter included a $2.8 million or 4 cents non-recurring tax benefit.
Looking ahead, the company expects
. for approximately $854 million.
Fourth-quarter profit was $11.3 million, compared with $10.2 million in the year-ago quarter. The most-recent quarter earnings included a $1.4 million tax benefit compared to a $700
% to $331.9 million in the first quarter, compared with $307.3 million in the same period last year.
The first-quarter results were favorably impacted by a $1.6 million pre-tax reversal of a legal accrual
, respectively, for a growth rate of 2.4% over this period. Combined net income on a diluted basis was 55 cents per share and 13 cents per share, but a $5.4 million federal income tax refund granted for a 2001 tax