What were the prepaid taxes for Expense Reduction Analysts in 2024?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
g 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 9, 2025
| 2024 | 2023 | |||
|---|---|---|---|---|
| ASSETS | ||||
| CURRENT ASSETS | ||||
| Cash and Cash Equivalents | $ | 2,213,765 | $ | 1,251,718 |
| Accounts Receivable, Net | , | 371,963 | 444,102 | |
| Prepaid Expenses |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts's 2025 Franchise Disclosure Document, the company's prepaid taxes for 2024 were $192,835. This figure is part of the company's current assets, which totaled $4,368,283 for the same year. Prepaid taxes represent taxes that Expense Reduction Analysts has paid in advance but have not yet been incurred as an expense on their income statement.
For a prospective franchisee, understanding the prepaid taxes of Expense Reduction Analysts can offer insights into the company's financial management and tax planning strategies. Prepaid taxes can fluctuate based on various factors, including changes in tax laws, business performance, and strategic decisions regarding tax payments. Monitoring these figures over time, as the FDD provides data for both 2024 and 2023, can help potential franchisees assess the financial stability and forecasting accuracy of Expense Reduction Analysts.
It's important to note that prepaid taxes are just one component of the overall financial health of Expense Reduction Analysts. A comprehensive review of the company's balance sheets, income statements, and cash flow statements, as presented in the FDD, is essential for a thorough understanding. Additionally, prospective franchisees should consult with financial advisors to interpret these figures in the context of their investment decision.