What were the prepaid taxes for Expense Reduction Analysts in 2023?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
d scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
CliftonLarsonAllen LLP
Clifton Larson Allen LLP
Milwaukee, Wisconsin April 18, 2024
| 2023 | (restated) 2022 | |||
|---|---|---|---|---|
| ASSETS | - | |||
| CURRENT ASSETS | ||||
| Cash and Cash Equivalents | $ | 1,251,718 | $ | 1,144,589 |
| Accounts Receivable, Net | 444,102 | 186,685 |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the company's prepaid taxes for 2023 were $235,161. This figure is part of the company's consolidated balance sheets, reflecting its financial position at the end of the year. Prepaid taxes are assets representing payments made in advance for future tax obligations. These are considered current assets, which are expected to be used or converted into cash within one year.
For a prospective Expense Reduction Analysts franchisee, understanding the parent company's financial health is crucial. The prepaid taxes figure provides insight into how Expense Reduction Analysts manages its tax obligations and overall financial planning. A significant prepaid tax balance could indicate effective tax planning strategies or specific tax liabilities that the company has addressed in advance.
It's important to note that prepaid taxes are just one component of the company's overall financial picture. Franchisees should review the entire financial statement, including assets, liabilities, and equity, to gain a comprehensive understanding of Expense Reduction Analysts' financial stability and performance. Consulting with a financial advisor to interpret these statements is advisable for making an informed investment decision.