What was the reported income tax 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 the year 2023 was $18,400. In 2022, the federal income tax currently payable was $0.
This information is part of the audited financial statements included in the FDD, which provides a snapshot of the company's financial health. Prospective franchisees can use this data to assess Focalpoint Coaching's profitability and stability.
Understanding the company's tax obligations can help a potential franchisee evaluate the financial risks and rewards associated with investing in a Focalpoint Coaching franchise. Reviewing these figures over multiple years, as presented in the FDD, provides a more comprehensive view of the company's financial performance and tax management strategies.