What was the current provision totaling for Anago for the year ending December 31, 2023?

According to Anago's 2025 Franchise Disclosure Document, the provision for income taxes for the year ending December 31, 2023, was $348,384. This amount includes a current provision totaling $216,922 and a deferred benefit (provision) totaling ($131,462).

In simpler terms, Anago had an income tax expense of $348,384 for the year 2023. This expense is broken down into two parts: the current tax provision, which is the amount of taxes payable for that year, and a deferred tax benefit, which represents changes in deferred tax assets and liabilities. Deferred tax items arise from temporary differences between the book (accounting) and tax treatment of certain items.

The deferred benefit is shown as a negative number, indicating that it reduced the overall income tax expense for Anago in 2023. This could be due to various factors, such as changes in tax laws or differences in the timing of when revenues and expenses are recognized for accounting and tax purposes. Understanding these provisions can help a franchisee understand Anago's financial performance and tax strategies.