What was the change in income taxes payable for Carbones Pizzeria?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
ed premise. Total rent expense for this facility for the year ended October 31, 2023 is approximately $82,000.
6. Income Taxes
For the year ended October 31,
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, there was a change in deferred income taxes. The provided table shows a combined change in deferred income taxes of ($13,000) and current income taxes totaling $113,000. This total is derived from $75,000 in federal income taxes and $38,000 in state income taxes.
This information is relevant to prospective Carbones Pizzeria franchisees as it provides a snapshot of the company's income tax obligations. Understanding the breakdown between federal and state taxes, as well as the change in deferred taxes, can offer insights into the company's financial management and tax planning strategies.
However, it is important to note that this data represents only a single point in time. Franchisees should consider this information in conjunction with other financial statements and disclosures within the FDD to gain a comprehensive understanding of Carbones Pizzeria's financial health and tax liabilities. Consulting with a financial advisor or accountant is recommended to fully assess the implications of these figures.