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What was the total current income tax benefit for Engel & Volkers at the federal level in 2024?

Engel_Volkers Franchise · 2025 FDD

Answer from 2025 FDD Document

ense for the next five years and thereafter is summarized as follows:

2025 $ 608,883
2026 608,883
2027 608,883
2028 608,883
2029 608,883
Thereafter $ 5,276,989 8,321,404

NOTE 9. INCOME TAXES

The provision for (benefit from) income taxes for the years e

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)

What This Means (2025 FDD)

According to Engel & Volkers's 2025 Franchise Disclosure Document, the company experienced a current income tax benefit at the federal level in 2024. The amount of this benefit was $277,603. This figure reflects a reduction in income tax expense, effectively lowering the company's tax obligations for that year.

For a prospective franchisee, understanding these tax benefits can be crucial. While the franchisee's tax situation will differ from the parent company, this information provides insight into how Engel & Volkers manages its overall tax strategy. It demonstrates the potential for tax planning and optimization within the organization, which could indirectly benefit franchisees through strategic financial management at the corporate level.

It's important to note that this is just one component of Engel & Volkers's overall financial performance. A comprehensive review of the financial statements, including assets, liabilities, and equity, is necessary to gain a complete understanding of the company's financial health. Franchisees should consult with financial advisors to assess the implications of these figures and how they might relate to their own business prospects.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.