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Hotel business income worksheet

Hotel BI worksheet - McGowan Program Administrators 2025

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The document is a worksheet designed for estimating the net profits and ongoing expenses of a hotel business during a period of operational loss. It outlines the calculation of business income, including fixed charges and other continuing expenses, as well as extra expenses necessary to maintain market share and customer relations. The worksheet includes sections for detailing profit and expense items, ordinary payroll, and projected extra expenses over time.

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Click ‘Get Form’ to open the Hotel BI worksheet in our editor.
Begin by entering the 'Name and Location of Business Entity' at the top of the form. This identifies your business for the assessment.
In the 'Prior 12 Month Period' section, input your net profits without deductions for income taxes. This is crucial for calculating potential losses.
List all fixed charges and other expenses that will continue while your business is out of operation. Include items like interest, taxes, rentals, and advertising costs.
Calculate the total salaries/wages of key employees who will be retained during suspension. This ensures you account for essential personnel costs.
For extra expenses, detail costs associated with maintaining customer relations and operational continuity, such as temporary location rentals and additional advertising.
Finally, review all entries for accuracy before signing and dating the document at the bottom.

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