Were any material uncertain tax positions identified by Ledgers for 2024?

According to Ledgers' 2025 Franchise Disclosure Document, the company did not identify any material uncertain tax positions for the year 2024. The FDD states that Ledgers has a policy to evaluate all tax positions to identify those that may be considered uncertain. Any identified material tax positions are assessed to determine if the benefit of any uncertain tax position should be recognized in the financial statements. Changes in the amount of a tax position are recognized in the period the change occurs.

This indicates that Ledgers actively monitors its tax positions and assesses their potential impact on the financial statements. The fact that no material uncertain tax positions were identified for 2024, as well as the two prior years, suggests a degree of stability and predictability in the company's tax situation.

For a prospective franchisee, this information can be reassuring, as it implies that Ledgers has a handle on its tax obligations and is not facing any significant tax-related risks that could impact the overall financial health of the company. However, it is important to remember that tax laws and regulations can change, and there is always a risk that future tax positions could become uncertain. Therefore, it would be prudent for a prospective franchisee to continue to monitor Ledgers' financial performance and tax situation on an ongoing basis.