What was the provision for income taxes for Expense Reduction Analysts in 2023?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
- | 4,320,068 | | Noncontrolling Interest in Subsidiaries | | 32,360 | 2 | 26,049 | | Total Stockholders' Equity | | 5,497,843 | _ | 4,346,117 | | Total Liabilities and Stockholders' Equity | $ | 11,921,252 | $ | 10,518,455 |
| 2023 | (restated) 2022 | |
|---|---|---|
| FRANCHISE INCOME | VI SELECTION OF | |
| Franchise Fees | $ 602,489 | $ 787,181 |
| Royalty Fees | 3,888,131 | 3,718,035 |
| MAC Income | 671,456 | 630,396 |
| Management Software Fees | 142,233 | 144,550 |
| Other Income | 53,250 | 24,000 |
| Total Franchise Income | 5,357,559 | 5,304,162 |
| GENERAL AND ADMINISTRATIVE EXPENSE | 4,783,886 | 5,367,347 |
| OTHER INCOME (EXPENSE) | America | |
| Management Fee from Related Party | 672,103 | 477,564 |
| Other Expense | (1,698) | 2 |
| Other Income | 1,565 | 2,321 |
| Total Other Income | 671,970 | 479,885 |
| NET INCOME BEFORE INCOME TAXES | 1,245,643 | 416,700 |
| PROVISION FOR INCOME TAXES | 93,917 | 259,914 |
| NET INCOME | 1,151,726 | 156,7 |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts's 2025 Franchise Disclosure Document, the provision for income taxes in 2023 was $93,917. This figure represents the amount of income taxes that Expense Reduction Analysts estimated and accrued for the year, which will ultimately be paid to federal, state, and local tax authorities. This is an important figure for prospective franchisees to consider as it provides insight into the profitability and tax obligations of the company.
Understanding the provision for income taxes can help a potential franchisee assess the overall financial health and tax planning strategies of Expense Reduction Analysts. A lower tax provision relative to net income before taxes could indicate efficient tax management, while a higher provision might suggest potential tax liabilities or less effective tax planning.
It is important to note that this provision is an estimate, and the actual tax liability may differ. Franchisees should consult with financial advisors to understand the implications of these figures and how they might affect their investment decisions. Reviewing these figures over several years, as presented in the table, can also provide a more comprehensive understanding of Expense Reduction Analysts's financial performance and tax strategies.