What was the total current federal income tax provision for Best Western in 2023 (in thousands)?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
and other current assets consisted of the following:
| (in thousands) | 2023 | 2022 |
|---|---|---|
| Prepaid expenses and other current assets | $ 17,060 | $ 16,301 |
| Current contract assets | 957 | 964 |
| Total | $ 18,017 | $ 17,265 |
(5) Income Taxes
The income tax provision for the years ended N
Source: Item 23 — Receipts (FDD pages 108–413)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, the total current federal income tax provision for 2023 was $19,580 (in thousands). This figure represents the amount of federal income taxes Best Western expects to pay for the fiscal year. It is important to note that this is just the federal portion and does not include state or foreign income taxes.
In addition to the federal income tax, Best Western also had a foreign income tax provision of $856 (in thousands) and a state income tax provision of $5,135 (in thousands) for a total current income tax provision of $25,571 (in thousands). These figures provide a more complete picture of Best Western's current income tax obligations for the year.
Prospective franchisees should understand that these figures reflect Best Western's tax obligations as a whole and not necessarily the tax obligations of individual franchisees. However, understanding Best Western's overall financial performance, including its tax obligations, can help franchisees assess the financial health and stability of the organization.