factual

What was the deferred benefit (provision) totaling for Anago for the year ended December 31, 2024?

Anago Franchise · 2025 FDD

Answer from 2025 FDD Document

nded December 31, 2024, 2023, and 2022 realized gain (losses) on the sale of investments
totaled $59,610,$(56,946) and $(222,84), respectively. Net unrealized gain (losses) recorded on the consolidated
statements of operations during the years ended December 31, 2024, 2023, and 2022 totaled $179,589,$290,550,

NOTE K- LE

Source: Item 23 — RECEIPTS (FDD pages 62–298)

What This Means (2025 FDD)

According to Anago's 2025 Franchise Disclosure Document, the provision for income taxes for the year ended December 31, 2024, was $496,448. This figure includes a current provision totaling $479,939 and a deferred benefit (provision) totaling $(16,509). The deferred benefit represents a reduction in income tax expense, effectively a tax benefit, for that year.

For a prospective Anago franchisee, understanding these figures provides insight into the company's tax management and profitability. The deferred benefit suggests that Anago has utilized strategies to reduce its current tax obligations, which could be a positive indicator of financial planning. However, it's essential to recognize that deferred tax benefits can be subject to future adjustments based on changes in tax laws or the company's financial performance.

It is important for potential franchisees to consult with a financial advisor to fully understand the implications of these tax provisions. While the deferred benefit reduced the overall tax expense in 2024, it's crucial to assess how these deferred amounts might impact future tax liabilities and the overall financial health of Anago.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.