What was the deferred tax asset amount related to professional fees for Crepe De Licious?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
Temporary differences that give rise to the net deferred income tax asset/liability consist primarily of credit loss expense, depreciation and lease expense, all of which are recognized differently for financial reporting and income tax purposes.
Amounts for deferred tax assets and liabilities are as follows:
Source: Item 23 — RECEIPTS (FDD pages 57–233)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the document does not specify the deferred tax asset amount related to professional fees. The document does provide information on deferred tax assets and liabilities in general. It states that temporary differences give rise to net deferred income tax assets/liabilities, consisting primarily of credit loss expense, depreciation, and lease expense, which are recognized differently for financial reporting and income tax purposes.
For example, the amounts for deferred tax assets are listed as $2,000 for 2023 and $7,300 for 2024. However, there is no specific breakdown of these amounts to show what portion, if any, is attributable to professional fees.
A prospective franchisee should inquire with Crepe De Licious about the specific components of the deferred tax assets, including any amounts related to professional fees, to gain a clearer understanding of the company's financial structure.