What is the fiscal year end for Focus Cfo?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying consolidated balance sheets of Focus CFO Group, LLC and Subsidiary (the Company) (a Limited Liability Company) as of December 31, 2024 and 2023, and the related consolidated statements of income, members' equity, and cash flows for the three years ended December 31, 2024, 2023, and 2022, and the related notes to the consolidated financial statements. In our opinion the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Focus CFO Group, LLC and Subsidiary as of December 31, 2024, 2023, and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — Financial Statements (FDD page 37)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, the company's fiscal year ends on December 31. This is based on the independent auditor's report which references consolidated balance sheets as of December 31, 2024 and 2023, and consolidated statements of income, members' equity, and cash flows for the three years ended December 31, 2024, 2023, and 2022.
For a prospective franchisee, this date is important for understanding the financial reporting periods of Focus Cfo. The franchisee can align their business planning and financial analysis with the company's fiscal calendar. This alignment can be useful for comparing their franchise's performance against company-wide benchmarks and understanding trends presented in the FDD and other company reports.
Knowing the fiscal year-end also helps franchisees understand when they will receive important financial documents from Focus Cfo, such as the Form 1099, which is mentioned in Item 23. This form is essential for franchisees to accurately file their taxes, as they are responsible for all Federal, state, and local/city estimated tax payments and self-employment taxes on payments from Focus CFO.