What was the total provision for income taxes for Clear Pest Pros as of December 31, 2023?
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' 2025 Franchise Disclosure Document, the total provision for income taxes as of December 31, 2023, was $477. This figure represents the total amount of income tax expense (recovery) for that year.
For a prospective franchisee, this indicates the amount of income taxes Clear Pest Pros accounted for in their financial statements for that specific year. It is important to note that this is not necessarily the amount of taxes they actually paid, but rather the expense recognized in their financial reporting.
Understanding the income tax provision can help a franchisee assess the overall profitability and tax management strategies of Clear Pest Pros. Reviewing this figure in conjunction with net revenue and operating expenses can provide a clearer picture of the company's financial performance.