What was the reported gross deferred tax asset for Benjamin Franklin Plumbing in 2023?

According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the gross deferred tax asset in 2023 was $60,254. This figure represents the total amount of deferred tax assets before considering any valuation allowance. Deferred tax assets arise when a company has overpaid taxes or has tax deductions or credits that can be used to reduce future tax obligations.

For a prospective Benjamin Franklin Plumbing franchisee, understanding deferred tax assets can be important for assessing the overall financial health and tax position of the franchisor. A significant deferred tax asset balance might indicate that the franchisor has potential future tax benefits that could positively impact its financial performance.

However, it's also important to consider any valuation allowance, which is a reduction in the deferred tax asset to reflect the possibility that some or all of the asset may not be realized in the future. In this case, the valuation allowance is not specified for 2023, so the total deferred tax assets equal the gross amount. Reviewing these figures over multiple years, as presented in the table, can provide a more comprehensive view of the franchisor's tax strategy and financial stability.