Satisfy Securities and Exchange Commission (SEC) requirements for revenue disclosure when interacting with joint ventures, private royalty interests and varied pricing structures.
Complex bookkeeping and documentation requirements in the energy sector bar businesses and private stakeholders from their full earning potential. Polston Tax’s energy accounting services and tax resolution professionals can help.
We provide energy representation and advisory services that help businesses navigate accounting and tax matters specific to oil and gas. Our professionals develop solutions that manage project-based reporting, sporadic revenue streams, intricate stakeholder contracts, asset depreciation and energy price volatility.
With our support, your business will maintain flexibility while avoiding unnecessary costs and retaining a greater proportion of revenue.
We will connect you with certified public accountants (CPAs) and tax attorneys with extensive energy sector experience. Work with us for gas industry consulting opportunities, accounting services and tax resolution.
Our professional accountants optimize bookkeeping strategies through tax and accounting services tailored to the energy sector. Work with us to manage payables, record deductibles, file joint interest billing statements, streamline revenue distribution checks and more.
Satisfy Securities and Exchange Commission (SEC) requirements for revenue disclosure when interacting with joint ventures, private royalty interests and varied pricing structures.
Record expenses such as exploration, development, production and drilling within a full cost or successful efforts accounting structure.
Test for and resolve impairment to ensure balance sheet accuracy and tax compliance.
Distribute and file tax documents relevant to the energy sector, including Internal Revenue Service (IRS) Form 1120, Form 1065, Form 4562, Form 1040 and Financial Industry Regulatory Authority (FINRA) Form T.
Enact an oil and gas tax planning strategy that ensures compliance with relevant tax requirements and seizes reduction opportunities through deductions, such as reserve percentage or cost depletion.
The energy sector’s strict tax requirements impact stakeholders at every level. Large corporations and partnerships oversee complex accounting books that create the possibility for reporting oversight. Private landowners and independent contractors balance daily responsibilities with royalty and compensation bookkeeping. Polston Tax will support you when the IRS requests an audit or produces a claim.
Our experienced tax attorneys will defend your interests and help improve your standing with the IRS and state revenue departments. Partner with us for comprehensive tax resolution services:
We simplify accounting and tax resolution to achieve positive financial outcomes for energy sector stakeholders:
With over 100 combined years of tax planning and resolution experience, Polston Tax is a leading partner for energy sector clients. We are a single source for numerous accounting and tax services that provide peace of mind, so request a consultation to discuss our capabilities.
