What was the amount related to foreign-derived intangible income for Bw Premier Collection in 2022?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| income tax provision: | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| (in thousands) | $ % | $ | % | |
| Income taxes computed at statutory rates | $ 24,478 21.0% | $ 22,042 | 21.0% | |
| State taxes, net of federal benefit | 4,445 3.8% | 3,364 | 3.2% | |
| Non-deductible meals and entertainment | 775 0.7% | 236 | 0.2% | |
| Other non-deductible items | 272 0.2% | 276 | 0.3% | |
| Valuation allowance | 150 0.1% | 912 | 0.9% | |
| Foreign-derived intangible income | (1,214) (1.0%) | (819) | (0.8%) | |
| Research and development and foreign tax credit | (1,041) (0.9%) | (7,802) | (7.4%) | |
| Other | (367) (0.3%) | (1,040) | (1.0%) | |
| Income tax provision | $ 27,498 23.6% | $ 17,169 | 16.4% |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the amount related to foreign-derived intangible income for the year 2022 was a deduction of $819,000. This figure is part of the income tax provision calculations.
This deduction impacts the overall income tax provision for Bw Premier Collection, reducing it from $22,042,000 to a lower amount when factoring in other items such as state taxes, non-deductible expenses, valuation allowances, research and development credits, and other adjustments. For a prospective franchisee, understanding these tax-related items may not directly influence day-to-day operations, but it provides insight into the financial management and tax strategies of the Bw Premier Collection.
It's important to note that these figures are specific to Bw Premier Collection's overall financial performance and tax situation, and may not directly correlate to the financial performance of an individual franchise unit. However, understanding the financial health and tax strategies of the parent company can offer a degree of reassurance about the stability and sophistication of the Bw Premier Collection organization.