Latest Taxation Stories

White Paper Finds Payroll Tax Reduction and Corporate Tax Reduction Lead Priorities WASHINGTON, Feb. 7, 2013 /PRNewswire-USNewswire/ -- A new white paper from CompTIA finds support among IT executives for simplifying the tax code, reducing tax burdens on small businesses and creating incentives for growth and innovation. (Logo: http://photos.prnewswire.com/prnh/20130107/DC38135LOGO) The white paper, Smart Tax Reforms for the IT Industry, examines the policy priorities of small...

ELWOOD, Ill., Feb. 7, 2013 /PRNewswire/ -- The Village of Elwood filed a lawsuit today in Cook County Circuit Court to force CenterPoint Properties to detail how it spent the $150 million in local tax money it received after the village created a tax increment financing (TIF) district for redeveloping a 1,820-acre site located on the former Joliet Arsenal property. Despite repeated requests from village officials to release information relating to the project, the Oak Brook-based...

TORONTO, Feb. 7, 2013 /PRNewswire/ - Transition Therapeutics Inc. ("Transition" or the "Company") (TSX: TTH; NASDAQ: TTHI), a product-focused biopharmaceutical company developing therapeutics for disease indications with large markets, today announced its financial results for the three and six month periods ended December 31, 2012. Selected Highlights During fiscal 2013 and up to the date of this press release, the Company announced the following: -- On November...

MINNEAPOLIS, Feb. 7, 2013 /PRNewswire/ -- XRS Corporation (formerly Xata Corporation), (NASDAQ:XRSC) reported its results for its fiscal 2013 first quarter ended December 31, 2012. The Company reported net income to common shareholders for the first quarter of fiscal 2013 of $0.3 million, or $0.01 per diluted share, compared to net loss to common shareholders of $1.7 million, or $0.16 per diluted share, for the comparable period in fiscal 2012. Total revenue was $14.2 million for...

BEIJING, Feb. 5, 2013 /PRNewswire/ -- Origin Agritech Limited (NASDAQ GS: SEED) ("Origin", or the "Company"), a technology-focused supplier of crop seeds in China, today announced unaudited financial results for the first quarter ended December 31, 2012. Origin prepares its financial statements in accordance with generally accepted accounting principles (GAAP) of the United States. FINANCIAL RESULTS OVERVIEW During the first quarter of fiscal year 2013, the Company generated...

BEVERLY, Mass., Feb. 4, 2013 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the fourth quarter and full year ended December 31, 2012. The Company reported fourth quarter revenue of $44.6 million, compared to $44.6 million for the third quarter of 2012. Net loss for the quarter was $14.8 million, or ($0.14) per share, which included: a $7.9 million gain from the sale of the Company's dry strip intellectual property and related assets...

BURLINGTON, Mass., Feb. 4, 2013 /PRNewswire/ -- ClickSoftware Technologies Ltd. (NasdaqGS: CKSW), the leading provider of automated workforce management and optimization solutions for the service industry, today announced results for the fourth quarter and year ended December 31, 2012. Fourth Quarter and Full Year 2012 Highlights Fourth quarter 2012 revenues reach $28.4 million (19% growth); 2012 annual revenues reach $100 million mark (15% growth); Total cash and investments...

BEIJING, Feb. 4, 2013 /PRNewswire/ -- Sohu.com Inc. (NASDAQ: SOHU), China's leading online media, search, gaming, community and mobile service group, today reported unaudited financial results for the fourth quarter and fiscal year ended December 31, 2012. (Logo: http://photos.prnewswire.com/prnh/20100201/CNM013LOGO ) Fourth Quarter Highlights Record total revenues and record revenues in brand advertising, Sogou[1] and online game businesses....

BEIJING, Feb. 4, 2013 /PRNewswire/ -- Changyou.com Limited ("Changyou" or the "Company") (NASDAQ: CYOU), a leading online game developer and operator in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2012. (Logo: http://photos.prnewswire.com/prnh/20090402/CNTH020 ) Fourth Quarter 2012 Highlights Total revenues reached a record US$173.5 million, an increase of 5% quarter-over-quarter and 26%...

Halfpricesoft.com updated ezPaycheck payroll software to help small businesses stay current with 2013 payroll taxes. The new edition of paycheck software is available for “Try-before-purchase” at http://www.halfpricesoft.com Los Angeles, CA (PRWEB) February 03, 2013 Keeping up with the current income tax rate should not be a headache for small businesses. Payroll tax software provider halfpricesoft.com released the new edition of ezPaycheck software, which implemented the Year 2013...