Latest Tax Stories

CAPE TOWN, South Africa, May 14, 2013 /PRNewswire/ -- Leatt Corporation (OTCQB: LEAT) today announced its financial results for the first quarter ended March 31, 2013. Leatt is a global developer, marketer and distributor of personal protective equipment for all forms of sports, especially extreme motor sports; products include the flagship Leatt-Brace®, a widely recognized neck brace system designed to help prevent potentially devastating injuries to the cervical spine (neck) for...

One quarter of those surveyed considering moving out of state SAN DIEGO, May 14, 2013 /PRNewswire/ -- A quarter of the residents in California's most affluent communities are considering relocating out of state in response to the increase in state income taxes, according to a report released today by the National University System Institute for Policy Research (NUSIPR). A scientific poll (n=401) conducted by Competitive Edge Research for the National University System Institute for...

LA JOLLA, Calif., May 14, 2013 /PRNewswire/ -- TaxConnections announces that its Worldwide Tax Blogs platform continues to be one of the fastest-growing segments of the niche authority site of tax experts. The tax site's popularity is due in large part to the wide range of interesting tax topics that educate consumers and tax professionals alike. Worldwide Tax Blogs covers numerous topics including tax deductions, healthcare tax matters, expatriate taxes, Foreign Account Tax...

BOULDER, Colo., May 14, 2013 /PRNewswire/ -- Encision Inc. (ECIA:PK), a medical device company owning patented surgical technology that is emerging as a standard of care in minimally-invasive surgery, today announced financial results for its fiscal 2013 fourth quarter and fiscal year ended March 31, 2013. The Company posted quarterly product revenue of $2.650 million and quarterly service revenue of $87 thousand for a quarterly net loss of $279 thousand, or $(0.03) per share. These...

Platinum Tax Defenders: Since the IRS raised the annual gift tax exclusion to $14,000, a March 22, 2013 Forbes article (“Don't Gamble with Gift Tax Returns”) says that those filing gift tax returns has doubled. Platinum Tax Defenders offers five tips on gift taxes for those who still need to file 2012 returns. Los Angeles, California (PRWEB) May 13, 2013 One might think that with all the extra taxes added on in 2013, that there wouldn't be anything to give. However, a March...

HANZHONG, China, May 13, 2013 /PRNewswire-FirstCall/ -- China HGS Real Estate Inc. (NASDAQ: HGSH) ("China HGS" or the "Company"), a leading regional real estate developer headquartered in Hanzhong City, Shaanxi Province, China, today reported its financial results for the second quarter of fiscal 2013 ended March 31, 2013. Highlights for the Second Quarter of Fiscal 2013 Total revenues for the second quarter of fiscal 2013 were $19.4 million, an increase of 573.4% from $2.9...

Kathy Bostjancic, Director of Macroeconomic Analysis, The Conference Board NEW YORK, May 13, 2013 /PRNewswire/ -- After a surprising decline of 0.5 percent in March, little recovery in retail buying in April reflects a lack of growth in spending power, a delayed impact of the higher payroll tax rate, and continued concern about the negative impact of the sequester. The combined fiscal drag from the increased payroll tax rate and sequester spending cuts total $225 billion for this...

Reports 22.7% Revenue Growth SPRINGFIELD, Va., May 13, 2013 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) today announced financial and operating results for the fiscal year third quarter and nine months ended March 29, 2013. Gross revenue for the third quarter of fiscal year 2013 was $31.6 million, a 22.7% increase compared to revenue of $25.7 million reported in the third quarter of fiscal year 2012. The revenue growth was driven by a $5.4 million increase in revenue from the...

Net revenues increased 23% to $10.3 million. Tampa, FL (PRWEB) May 10, 2013 Jagged Peak, Inc. (OTC BB: JGPK), a leading provider of enterprise-class e-commerce solutions and supply chain services, today announced financial results for the quarter ended March 29, 2013. First Quarter Highlights: Total revenue for the 13-week period increased 23% to $10.3 million compared to the same period last year. Profit before taxes for the 13-week period increased 85% to $183,600. Borrowing rate...

Sherri Gastelum: Grammy-winning singer Lauryn Hill is not the only celebrity to be hit with an IRS bill for taxes, according to a May 7, 2013 CNBC report (“Is Lauryn Hill Being Singled Out Among Tax Evaders?”), though she is one of the few openly comparing taxes to slavery, according to a May 7, 2013 Accounting Today article (“Fugees Singer Lauryn Hill Sentenced to Prison for Tax Evasion”). Platinum Tax Defenders reports on recent high-profile IRS action, and suggests that...