What was the federal income tax currently payable for 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 for 2023 was $18,400. In 2022, the federal income tax currently payable was $0.
This information is part of Focalpoint Coaching's financial statements, which are audited by an independent auditor. These statements provide insight into the company's financial health and performance over the past two years. For a prospective franchisee, this indicates the tax obligations Focalpoint Coaching has had as a company.
Reviewing these figures allows potential franchisees to understand Focalpoint Coaching's profitability and tax management. It is important to note that past performance does not guarantee future results, but it can offer a degree of insight into the company's financial practices.