Sentences with phrase «quarter of the tax year»

You must pay FUTA and file Form 940 if you paid wages of at least $ 1,500 in any quarter of the tax year.

Not exact matches

Net income of $ 669 million after - tax increased $ 52 million due to higher core income, partially offset by net realized investment losses as compared to net realized investment gains in the prior year quarter.

The decrease in income tax expense was primarily driven by the lower U.S. corporate income tax rate, partially offset by the inclusion in the prior year quarter of a $ 15 million benefit from the resolution of prior year tax matters.

First quarter net income of $ 669 million and core income of $ 678 million, up 8 % and 10 %, respectively, from the prior year quarter, which includes $ 354 million pre-tax ($ 280 million after - tax) of catastrophe losses.

The increase in income tax expense was primarily driven by the inclusion in the prior year quarter of a $ 17 million benefit from the resolution of prior year tax matters and the increase in segment income before income taxes, mostly offset by the lower U.S. corporate income tax rate.

The increase in income tax expense was primarily driven by the increase in segment income before income taxes and the inclusion in the prior year quarter of a $ 7 million benefit from the resolution of prior year tax matters, partially offset by the lower U.S. corporate income tax rate.

GE said Tuesday after a review of its GE Capital insurance portfolio that it will take a $ 6.2 billion after - tax charge for the fourth quarter of 2017 and expects to contribute $ 15 billion over the next seven years to shore up the portfolio's reserves.

The aluminum - cased N1, which runs on Google's Android Lollipop operating software but features Nokia's new Z Launcher intelligent home screen interface, is due to be in stores in China in the first quarter of next year for an estimated price of $ 249 before taxes, with sales to other markets to follow.

Taxpayers» strategy in late 2012 that aimed at avoiding federal income tax hikes in 2013 produced a 10.8 % jump in state personal income tax collections in the fourth quarter of 2012 compared to the same period the previous year, researchers found.

The demand woes are essentially tied to three main factors: Across the industry, retailers still had to unload food shipments from the fourth quarter, resulting in some delayed ordering at the start of 2017; executives also blamed a delay in tax refunds for hurting consumer demand during the quarter; and then there was a shift in the timing for Easter — the holiday landed in March for 2016 but April this year.

Earnings before costs like tax, interest, and other deductibles were $ 237.3 million — 90 % of the total earned last year and 418 % more than the previous quarter.

Numerous banks have seen tax write - downs in the billions in their fourth quarter results due to the Republican - led tax overhaul passed in December of last year, though the losses are expected to be one - offs.

Numerous banks have seen one - off tax write - downs in the billions in their fourth quarter profits due to the Republican - led tax overhaul passed in December of last year.

HSBC Canada reported a fall in profits, before income tax expenses, of $ 206 million for the fourth quarter, down 18 per cent from a year earlier.

State and federal unemployment taxes, but only if (1) they pay wages to employees totaling $ 1,500 or more in any quarter of a calendar year, or (2) they employed at least one person during any day of the week during any 20 weeks in a calendar year, regardless of whether or not the weeks were consecutive.

The expected macroeconomic impact of the December 2017 tax reform, particularly the lower corporate tax rate and the temporary full expensing of investment, together with increased government spending, will begin to be felt in the second quarter and emerges as a powerful fiscal stimulus in the remainder of the year and in 2019.

The net effect is likely to be slower growth in tax revenues in the first quarter of 2018, and a possible fall in revenues as the year progresses.

However, with all of the events occurring this year — tax reform, tariffs, earnings being released for quarter 1, interest rates rising and inflation starting to creep (gas, groceries, etc.), is this the right time to jump in on dividend stock opportunities?

Despite a one - time, $ 425 - million charge tied to tax reform in the U.S., BMO reported $ 973 million in net income for the quarter ended Jan. 31 of this year, with revenue growth of about 5 per cent compared with the year before.

The platform clocked in Rs 65 lakh in earnings before interest, taxes, depreciation and amortisation (EBITDA) during the first quarter of the current financial year, according to a filing by the Noida - based company with the Bombay Stock Exchange on October 12.

Carefully consider the tax consequences of the conversion and maybe even wait until the fourth quarter when you know more about this year's income.

Before the end of the first quarter of the relevant fiscal year, the Committee establishes financial and performance targets and opportunities for such year, which are based upon the Company's goals for Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) and are linked to our budget and plan for long - term success.

The International segment reported a loss from continuing operations before income taxes of $ 1.3 million on a US GAAP basis and an underlying pretax loss of $ 1.0 million in the fourth quarter, versus a loss of $ 5.1 million for both measures a year ago, driven by the addition of the Miller brands, volume growth and positive pricing in Latin America and Australia, cost savings in MG&A, and cycling the substantial restructure of our China business in 2015.

In the current - year quarter, the tax rate decreased from 42.9 percent to a negative 35.1 percent reflecting the one - time favorable net tax benefit recorded as part of the Act.

We are planning with the fourth quarter tax rate of 31 %, given the lower tax rate in the third quarter, we are now planning the full year with the tax rate of roughly 28 % and we now expect annual CapEx to be approximately $ 90 million.

BOSTON — January 16, 2018 — GE (NYSE: GE) announced today that the comprehensive review and reserve testing for GE Capital's run - off insurance portfolio, North American Life & Health (NALH), will result in an after - tax GAAP charge of $ 6.2 billion for the fourth quarter of 2017, and GE Capital expects to make statutory reserve contributions of ~ $ 15 billion over seven years.

Then, you need to make quarterly estimated tax payments... Starting with the first quarter, the due dates are April 15, June 15, September 15, and January 15 (of the next year).

This figure is a good deal higher than the 1.7 per cent for the latest year - ended rise in the CPI, but the pick - up includes the effect of dropping out the impact of the health insurance rebate, which reduced the CPI in the March quarter 1999, some further effects from past movements in crude oil prices, and an increase in tobacco taxes in the December quarter.

(a) Average of nominal interest rates on outstanding loans (fixed and variable); pre terms of trade boom average is 1993/94 — 2002/03; year - ended observation is the June quarter 2016 average (b) Consumer price data exclude interest charges prior to September quarter 1998 and deposit & loan facilities to June quarter 2011, and are adjusted for the tax changes of 1999 — 2000 (c) Pre terms of trade boom average is 1997/98 — 2002/03

That said, a new leaf seems to have been turned this year with hedge funds returning to positive flows in the first quarter of 2017.1 Renewed interest has been spurred by the election of Donald Trump as president of the United States, which some industry experts are predicting should bring meaningful tax reform, deregulation and infrastructure spending that we think could prove a boon to hedge strategies.

Aetna said the difference in its bottom - line results was due in large part to the termination in last year's first quarter of the Humana Inc. (NYSE: HUM) merger agreement and the favorable effect in this year's first quarter of the Trump tax cuts.

Microsoft's tax charge lead to a net loss of $ 6.30 billion, or 82 cents per share, in the quarter ended Dec. 31, compared to a profit of $ 6.27 billion, or 80 cents per share, a year earlier.

However, starting in the third quarter of this year, Fortress» board of directors saw it fitting to better align the company's dividend policy with its profitability by paying out nearly all of its after - tax distributable earnings.

Zhong is expecting «solid» solar product demand over the next two quarters, driven by 1) U.S. order strength prior to the expiry of the U.S. solar investment tax credit (ITC), and 2) a likely reduction in China's solar feed - in - tariffs (FiT) in the first quarter of next year.

As we detailed in our press release, the effective income tax rate was lower in the first quarter of this year due primarily to early adoption of amendment to existing guidance for employee share - based payment accounting and the recognition of incremental benefits from the Work Opportunity Tax Credtax rate was lower in the first quarter of this year due primarily to early adoption of amendment to existing guidance for employee share - based payment accounting and the recognition of incremental benefits from the Work Opportunity Tax CredTax Credit.

The government takes a full quarter of my year's labor, about 730 hours per year of my life that I will never get back, in taxes.

But over that period the OBR currently expects average growth of just 1.7 per cent a year — 0.4 per cent a quarter - which means lower living standards, less tax, less investment and many billions less deficit reduction too.

However, three - quarters of voters believe a state income tax cut in next year's budget is at least somewhat important.

A study by the New York State School Boards Association finds three quarters of the state's school districts would have exceeded the new 2 % property tax cap, had it been in effect for the current school year budget.

That was $ 91 million below the target set in the revised financial plan issued by Governor Cuomo's Division of the Budget (DOB) in mid-summer — which, based on weak first quarter performance, already had made a $ 600 million a year downward adjustment in projected annual tax revenues through 2020.

* The relevant language reads as follows: Quarterly, throughout the fiscal year, the governor shall submit to the comptroller, the chairs of the senate finance and the assembly ways and means committees, within thirty days of the close of the quarter to which it shall pertain, a report which summarizes the actual experience to date and projections for the remaining quarters of the current fiscal year and for each of the next two fiscal years of receipts, disbursements, tax refunds, and repayments of advances presented in forms suitable for comparison with the financial plan submitted pursuant to subdivisions one, four, and five, of section twenty - two of this article and revised in accordance with the provisions of subdivision three of this section.

The report found tax revenues grew by 5.7 percent in the third quarter in 2013, but then slowed to 3.5 percent in the final quarter of last year.

The State Comptroller, Tom DiNapoli, finds that, three quarters of the way through the current fiscal year, tax collections are more than half a billion dollars lower that what was originally anticipated when the budget passed last April.

The accord stems from what environmental advocates have called a «raiding» of a portion of the Drinking Water Protection Program, a quarter - percent sales tax that Suffolk voters have chosen to levy upon themselves through the year 2030.

The state comptroller, Tom DiNapoli, finds that, three quarters of the way through the current fiscal year, tax collections are more than half a billion dollars lower that what was originally anticipated when the last budget passed last April.

In the last quarter of the current State fiscal year, for example, withholding collections are expected to be reduced by more than $ 1.0 billion because of the tax law changes.

The Vice President was accompanied by the Finance Minister Ken Ofori Atta, Senior Minister Yaw Osarfo Marfo and other cabinet ministers who also used the opportunity to file their tax returns for the first quarter of the year.

ALBANY — State sales tax revenues took a dive in the second quarter of the year, leading state Comptroller Thomas DiNapoli to warn Thursday that collections could be the slowest...

And for all those mums and dads who struggle to juggle work and home, I am proud to announce today that by reforming tax relief we will by the end of the next Parliament be able to give the parents of a quarter of a million two year olds free childcare for the first time.

State tax collections through the first three quarters of the fiscal year declined $ 1.2 billion, or 2.2 percent, from the same period last year to $ 53.2 billion, according to the December state cash report issued last week by State Comptroller Thomas DiNapoli.