What was the total amount of deferred taxes for Crowne Plaza in 2022?

According to Crowne Plaza's 2025 Franchise Disclosure Document, the total amount of deferred taxes for the year 2022 was ($27,204). This figure represents the deferred portion of income taxes, reflecting the difference between the tax amounts reported for financial reporting and income tax purposes. This deferred tax figure is part of the broader overview of Crowne Plaza's financial obligations and performance.

For a prospective franchisee, understanding deferred taxes is crucial as it provides insight into the company's tax management strategies and potential future tax liabilities. Deferred taxes can arise from various factors, such as differences in depreciation methods or revenue recognition timing. While deferred tax liabilities represent future tax obligations, deferred tax assets can offset these liabilities, reflecting potential future tax benefits.

The FDD provides a breakdown of current and deferred tax components, offering a more detailed view of Crowne Plaza's tax position. Reviewing these figures helps potential franchisees assess the financial health and stability of the company. It is important to note that these figures are specific to the company's operations and may not directly impact the franchisee's individual tax obligations, which will depend on their specific business structure and financial performance.

It is advisable for prospective franchisees to consult with a financial advisor or tax professional to fully understand the implications of these tax figures and how they relate to their investment in a Crowne Plaza franchise. Understanding the tax structure and financial reporting practices of the franchisor can contribute to making a well-informed investment decision.