What were the accrued state taxes for Beggars Pizza in 2022?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Restatement to Prior Period Financial Statements
As disclosed in Note 5, the Company elected to pay the Illinois Pass-Through Entity Tax ("PTE Tax") on behalf of
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
Based on the 2025 Beggars Pizza Franchise Disclosure Document, information regarding accrued state taxes for 2022 is not explicitly detailed in the provided excerpts. However, Note 5 discusses the Illinois Pass-Through Entity Tax (PTE Tax).
The financial statements were restated to reflect the PTE Tax payment totaling $35,586 as a distribution to members rather than miscellaneous expense as previously reported for 2021. This restatement indicates that Beggars Pizza elected to pay the Illinois PTE tax on behalf of its members, and this change affected how the 2021 financial results were presented.
To obtain the specific amount of accrued state taxes for Beggars Pizza in 2022, a prospective franchisee should directly inquire with the franchisor. This information is essential for understanding the company's financial obligations and tax strategies, which can impact the profitability and financial planning of individual franchise locations.