Content about Taxation

January 30, 2014

Hhgregg reported net income of $5 million during the third quarter of fiscal 2014, a 71% drop from $17.4 million in the same period the previous fiscal year.

Indianapolis – Hhgregg reported net income of $5 million during the third quarter of fiscal 2014, a 71% drop from $17.4 million in the same period the previous fiscal year. Net sales declined about 12%, from $799.6 million to $707 million.

Same-store sales decreased about 11%. Hhgregg cited the drop in same-store sales and shrinking gross margins for its steep decline in net income. Dennis May, president and CEO of Hhgregg, blamed poor electronics/computing sales and heavy promotions for the retailer’s overall disappointing performance.

March 4, 2013

By Randy Frischer, Jonathan Forman, and Brad Poris, BDO USA, LLP

February 12, 2013

A new Symphony Consulting survey found that the new 2% increase in payroll tax is causing a major shopping behavioral change among lower-income families.

Chicago -- A new Symphony Consulting survey found that the new 2% increase in payroll tax is causing a major shopping behavioral change among lower-income families.

A division of SymphonyIRI Group, Symphony Consulting revealed Monday that dollar stores may be the biggest winners in the battle for the lower-income spenders’ purchasing power.

December 23, 2010

Proactively managing taxes should always be top of mind for businesses at year-end. Recent Congressional actions and extension of the Bush-era tax cuts are serving as this year’s reminder.

By Scott Balestrier & David Des Roches, BDO.com 
 
Proactively managing taxes should always be top of mind for businesses at year-end. Recent Congressional actions and extension of the Bush-era tax cuts are serving as this year’s reminder. As many retailers seem to be returning to profitability, there are several tax and accounting opportunities that should be considered.

December 7, 2010

The National Retail Federation has announced its support of a tentative bipartisan agreement that would temporarily extend Bush-era tax cuts for all taxpayers regardless of income in return for extending unemployment benefits.

Washington, D.C. -- The National Retail Federation has announced its support of a tentative bipartisan agreement that would temporarily extend Bush-era tax cuts for all taxpayers regardless of income in return for extending unemployment benefits.

September 8, 2010

Chicago Lakeside Development LLC, a venture of Chicago-based McCaffery Interests and Pittsburgh-based US Steel Corp....

December 22, 2008

The National Retail Federation asked President-elect Barack Obama on Tuesday to incorporate a series of...

September 17, 2008

Dillard's Inc. and small retailers around Arkansas are pressing lawmakers to give consumers an annual...

May 27, 2008

Strong sales and a lower tax rate led discount retailer Dollar Tree Inc. to report...

May 13, 2008

Maryland tax authorities and Nordstrom Inc. are headed to state tax court Wednesday over a...

March 11, 2008

J. Crew Group reported Tuesday its financial results for the fourth quarter and fiscal year...

March 10, 2008

Stage Stores reported Tuesday that net income for the 13-week fourth quarter ended Feb. 2,...

November 7, 2007

New York City, ...

March 3, 2005

New York City, ...