What were the payroll taxes disbursed by B Bops in 2021?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
2021
| _ | 2024 | 2023 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| Operating Revenue | ||||||||
| Royalties | 1 | 171,308 | _ | 153,244 | 168,937 | _ | 155,330 | |
| Total Operating Revenue | , $ | 171,308 | $ | 153,244 | $ | 168,937 | $ | 155,330 |
| Operating Expenses | ||||||||
| Professional Fees | $ | 22,283 | $ | 20,398 | $ | 20,472 | $ | 14,989 |
| Salaries | - | 100,000 | ||||||
| Payroll taxes | - | - | - | 1,450 | ||||
| Bank Charges | 572 | 502 | 504 | 519 | ||||
| Total Operating Expenses | $ | 22,855 | $ | 20,900 | $ | 20,976 | $ | 116,958 |
| Income From Operations | $ | 148,453 | $ | 132,344 | $ | 147,961 | $ | 38,372 |
| Other Income | ||||||||
| Interest Income | $ | 20,000 | $ | 9,599 | $ | 3,144 | $ | 3,506 |
| Total Other Income | $ | 20,000 | $ | 9,599 | $ | 3,144 | $ | 3,506 |
| Net Income | $ | 168,453 | $ | 141,943 | $ | 151,105 | $ | 41,878 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 52–53)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, the company disbursed $1,450 for payroll taxes in 2021. This figure is part of the operating expenses detailed in the financial statements. It is important to note that in 2024, 2023 and 2022, B Bops did not disburse any amount for payroll taxes.
Payroll taxes are taxes that employers are required to withhold and/or pay on behalf of their employees. These taxes typically include Social Security, Medicare, and unemployment taxes. For a prospective franchisee, understanding these costs is crucial for accurate financial planning and assessing the overall profitability of the franchise.
The fact that B Bops did not disburse any payroll taxes in 2024, 2023 and 2022, but disbursed $1,450 in 2021, may indicate a change in the company's operational structure or employee compensation policies. A potential franchisee should seek clarification from B Bops regarding the reasons for these fluctuations to better understand the ongoing payroll tax obligations.