What was the federal income tax currently payable by Focalpoint Coaching in 2023?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
able income and applicable current tax rates in effect under the Internal Revenue Code.
Note 4. Income Tax Matters (continued)
| The provisions for income taxes is as follow
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, the federal income tax currently payable by Focalpoint Coaching in 2023 was $18,400. In 2022, the federal income tax currently payable was $0.
This information is based on the company's financial statements, which have been audited by an independent auditor. These figures reflect Focalpoint Coaching's tax obligations based on their financial performance for those years.
A prospective franchisee should consider these figures in the context of the company's overall financial health and trends. It's important to note that past tax liabilities are not necessarily indicative of future tax obligations, as they can vary depending on changes in profitability, tax laws, and other factors. A potential franchisee may want to consult with a financial advisor to understand the implications of these figures.