What was the current income tax expense for Clear Pest Pros as of December 31, 2024?
Clear_Pest_Pros Franchise · 2025 FDDAnswer from 2025 FDD Document
income tax provision included in the consolidated statement of operations are all attributable to continuing operations and are detailed as follows:
| December 31, | 2024 | 2023 | 2022 (as restated) |
|---|---|---|---|
| Current income tax expense | $ 126 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 67)
What This Means (2025 FDD)
According to Clear Pest Pros's 2025 Franchise Disclosure Document, the current income tax expense as of December 31, 2024, was $126. This figure represents the amount of income taxes due and payable for the year 2024.
For a prospective franchisee, understanding the current income tax expense is crucial as it reflects the company's tax obligations for that specific year. It's important to note that this is just the 'current' portion, and there may also be 'deferred' tax expenses or recoveries, which relate to future tax liabilities or assets. In 2024, Clear Pest Pros also had a deferred income tax expense of $356.
The total income tax expense for Clear Pest Pros in 2024 was $482, which is the sum of the current and deferred income tax expenses. Reviewing these figures over multiple years, as presented in the table (2022 and 2023 are also provided), can give a franchisee a sense of the company's tax planning and financial performance. It's also worth comparing these figures to industry benchmarks to assess whether Clear Pest Pros's tax situation is typical.
Franchisees should consult with a financial advisor to fully understand the implications of these tax figures and how they might affect the overall financial health and stability of Clear Pest Pros.