According to Exit's 2025 Franchise Disclosure Document, the current provision for income taxes in 2022 was $59,734. This figure represents the amount Exit accounted for as its current income tax expense for that year.

It's important to note that this is just the 'current' provision, and Exit also deals with 'deferred' tax provisions. Deferred tax provisions arise from temporary differences between the accounting and tax treatment of certain items. In 2022, Exit had a deferred provision for income taxes of $(402,000). The net provision (benefit) for income taxes, which combines both current and deferred portions, was $(342,266) in 2022.

Prospective franchisees should understand how Exit accounts for income taxes, as it can impact the overall financial health of the company. Reviewing these figures over the three-year period (2022-2024) provides insight into Exit's tax strategy and obligations. Consulting with a financial advisor is recommended to fully understand the implications of these tax provisions.