Sentences with phrase «current year expenses»

The account does not roll over from year to year, so it may only be used to save for and pay current year expenses.

Employees (but if they are working on capital improvements or renovations, you have to amortize their labor costs as part of your capital investment, rather than as a current year expense.)

Not exact matches

In the opinion of the Company's management, a discussion of loss reserve development is meaningful to users of the financial statements as it allows them to assess the impact between prior and current year development on incurred claims and claim adjustment expenses, net and core income (loss), and changes in claims and claim adjustment expense reserve levels from period to period.

Therefore, expediting expense payments while deferring income payments can improve the current year's tax position.

Yet, the current rules require that much of the cost be written off as an expense when it is incurred, meaning that early years in a product development tend to show very low profits, or in some cases even massive losses, with inflated profits toward the end.

Underlying Combined Ratio is a non-GAAP financial measure that is computed by adding the current year non-catastrophe losses and LAE ratio with the insurance expense ratio.

For every year you worked you needed to fund one year of current living expenses and set aside enough funds (either through your contribution to Social Security or outright retirement savings) to cover another three - fourths of a year of expenses in retirement.

So if you hired someone or subcontracted some work to someone sometime during the current tax year, when you were claiming their wages or fees as an expense (on Form T2125 of the T1 income tax return if your business is a sole proprietorship or a partnership), you would deduct the GST / HST if you had already claimed it as GST / HST paid out when you filed your GST / HST return for the appropriate period.

Excluding items impacting comparability in the current year, adjusted administrative expenses decreased 1 percent.

Other expenses were $ 70 million in the current quarter as compared to $ 201 million in the prior - year quarter.

In conjunction with the impairment evaluation, we also reclassified these brands to be definite - lived intangible assets to be amortized over useful lives ranging from 30 to 50 years, which will increase future amortization expense by $ 40.7 million per annum, based on current foreign exchange rates.

If you start investing all your money thinking you won't need it for 10 years but you don't have enough current liquidity to cover your current expenses, that would be a problem.

These contributions can accumulate tax free and can be withdrawn tax free to pay for current and future qualified medical expenses, including those in retirement.4 An HSA balance can remain in your account from year to year, and you can take it with you should you switch employers or retire.

If you're self - employed, you'll provide information such as your federal tax returns from the past two years, and, if applicable, a current profit and loss statement showing year - to - date revenue and expenses.

Spencer Kimball, the current prophet of the Church of Jesus Christ of Latter - day Saints, had declared in 1974 that all worthy young men should spend two years — 6 1/2 days a week, no vacation, no expenses paid — converting souls around the world to the Mormon faith.

The Comptroller says the current year's budget finds revenue and expenses are more in line.

Raising the minimum wage — which last went up a dime three years ago to meet the current federal rate — could mean passing along a 17 percent increase in expenses to her clients.

The bill would have allowed borrowing to pay current pension expenses — with repayments stretching over 15 years.

The Arnold Foundation has committed to fund up to 60 percent of NuSI's current research budget and three years of operating expenses for a total of $ 40 million.

During the current fiscal year our total expenses of this kind are projected at $ 20,000 - $ 25,000.

Practical obstacles to the extension of the school year include substantial expense and stakeholder attachment to the current school year and summer schedule.

In the years between 1949 and 1967, the average per - pupil expenditure for all current operating expenses increased from $ 206 to $ 493.

Under the current law money withdrawn from the plan must be used for qualifying higher education expenses within the same tax year.

And remember, the current year budget cuts aimed to reduce expenses by $ 11 million.

The type of ADA used is annual district ADA (for the same year as the expenditures) from CDE's «Attendance School District» and «Attendance Charter School» reports and includes ADA from special education programs and applicable charter schools (i.e., those charter schools with data in the district's Current Expense of Education calculation).

In order to set a budget for the school year, the Burnsville - Eagan - Savage School District 191 Board of Education works through a process that includes a review of current finances, enrollment, and revenue and expense projections.

The year - long fellowship kicked off in the summer of 2017 with an intensive all - expenses - paid design camp, where school leaders analyzed their current practices to develop customized strategic family engagement plans for their campuses.

It doesn't come at the expense of usability either because driven at a gentler pace the S1 is among the calmer, more comfortable options in its size class, with relatively little road and wind noise and a pliant ride, and while the current generation A1 is now a seven year old car inside and out, the S1's cabin is such a simple, considered design that it hasn't really aged.

Since 2008 doing approx 1000 miles per year, I put it through an mot on the 10th January, it passed without advisories;; The underneath is very solid indeed and doesn't need any work, the current paint was done approx 7 years ago to a good standard but is not perfect, when it had a change from Albert Blue (traces of it around the battery boxes) to the current black;; It still has the US import sticker on the left side door post, the original chassis plate and the chassis stamp on the bulkhead are all there;; It drives very well, I've driven it for circa 40 miles with no problems;; It has 15» Fuchs alloys and the spare is a chrome steel wheel;; The rear end has been «modernised» at some point, I personally would remove the rear Porsche reflector and fit an original panel and bumper stops to get it back to the original pre impact bumper look, I could do this for you if required, cost circa GBP 800;; The seats have been changed to 80's leather recaros and the door cards to a later style, again I'd put some period seats in and back date the door cards if required at cost price;; The 80's recaros are worth good money so shouldn't be too much further expense if they were sold separately;; Further information to come but please contact me if you have any queries;; In summary, a really good looking classic 911Targa, that is great value and can be enjoyed as is, or improved for not a lot of money;;

The current owner has himself owned this car for 23 years and no expense has been spared in the upkeep of this beautiful car.

The year - over-year improvement was primarily the result of the higher sales volume, together with lower operating expenses and lower technology investment, including in Storia School Edition, partially offset by higher promotion spending in Clubs in the current quarter.»

The variance is explained by a primarily non cash income tax expense of $ 8.1 million in the current period compared to an income tax recovery of $ 6.5 million last year.

Since the deduction applies when the expense was paid, should your medical provider allow it, you can arrange to pay medical expenses from prior or future years in the current year.

While the deposits you make into the account are not tax deductible in the current year, the balance in the account can earn income tax free as long as you only make withdrawals to pay for qualified education expenses.

Often, it is possible to arrange your billing for these expenses so that interest and tax payments for the following year can be paid before the end of the current year.

The deduction is available even if you don't itemize and it covers tuition and mandatory college expenses up to the maximum set by the IRS for the current tax year.

An account beneficiary may defer to later taxable years distributions from HSAs to pay or reimburse qualified medical expenses incurred in the current year as long as the expenses were incurred after the HSA was established.

Similarly, a distribution from an HSA in the current year can be used to pay or reimburse expenses incurred in any prior year as long as the expenses were incurred after the HSA was established.

When must a distribution from an HSA be taken to pay or reimburse, on a tax - free basis, qualified medical expenses incurred in the current year?

You can filter your results by 1, 3, 5, and 10 year returns, expense ratios and loads, tenure of current manager, minimum initial purpose amount (many funds can be bought into for $ 500), and Morningstar's Own Personal Rating (between 1 and 5 stars with 5 being the best).

They focus on the type of fund, the five year returns, and the current expense ratio.

«Acquired fund fees and expenses» has been estimated for the current fiscal year.

Drop that return to 5 % after expenses — what a 70 - 30 portfolio might earn based on current forecasts — and it takes 33 years to reach $ 1 million.

Issuing Company: ETF Securities Ltd Ticker: PPLT Expense Ratio: 0.60 % Tax Treatment: From the prospectus, «Under current law, gains recognized by individuals from the sale of «collectibles,» including physical platinum, held for more than one year are taxed at a maximum federal income tax rate of 28 %, rather than the 15 % rate applicable to most other long - term capital gains.»

I, the debtor, confess that this has been the only income until 1 started receiving SSDI since the beginning of the year of 2010 and $ 1384.99 is my current average monthly living expense and considering that $ 774.00 is the only income received it has been difficult for me to maintain a healthy standard of living since 2009.

Many banks and other financial institutions have extensive application forms that include years of financial history and a detailed breakdown of your current household expenses.

Should I invest the money I don't need immediately and only withdraw it next year when I need it for living expenses or should I simply leave it in my current account?

Ramius also expressed its concern that the Issuer has taken little action, to date, to adjust the cost structure in - line with current business prospects, specifically noting that, while revenues have declined since fiscal year 2008, operating expenses have actually increased over the same period.

Also consider that if you have over-withdrawn from your account in a given year, you may be able to increase the current year's qualified expenses by pre-paying the school for next year.

If part - time work and / or future raises cover my living expenses (as they currently do) and I can save the full $ 4k from my current salary each month, this would take about 8 years assuming a conservative 4 % growth rate.