What was the amount of state taxes, net of federal benefit, for Bw Premier Collection in 2023?
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 state taxes, net of federal benefit, for the year 2023 was $4,445,000. This figure is part of the income tax provision calculations. It represents the amount Bw Premier Collection paid in state taxes after considering any reduction in those taxes due to federal benefits or deductions. This is 3.8% of the income tax provision.
For a prospective franchisee, understanding this figure provides insight into Bw Premier Collection's tax strategy and obligations. It demonstrates how the company manages its state tax liabilities in conjunction with federal tax benefits. This can be an indicator of the company's overall financial health and tax planning efficiency.
It is important to note that these figures are in thousands, so the actual amount is significantly higher. Reviewing these tax-related figures can help a potential franchisee understand the financial obligations and profitability of Bw Premier Collection.