Choose Best Entity Structure for Tax Purposes
When selecting or changing your business entity structure consider the tax aspects for both your business and owners.
Oil & Gas
As a business owner in the oil and gas industry, you are front and center in a dynamic marketplace. Among price fluctuations, regulatory oversight, supply chain management, cost controls, and more, you need to be agile to adjust to an ever-changing and complex environment.
Innovative Approach. Experienced Team.
Lumsden McCormick has years of experience in proactively providing assurance, accounting, tax, and consulting services to oil and gas businesses. Our talented team of certified public accountants understand the operating challenges in this unpredictable industry, and we have the expertise to provide practical, proactive solutions to help you achieve your goals.
Our oil and gas team members are at the forefront of industry developments; in fact, we receive specialized professional development on technical matters, speak at conferences on pertinent issues, and proactively engage clients throughout the year. Additionally, our membership in the BDO Alliance USA provides us with national and global resources that we can share with you to address your specific needs.
Our oil and gas industry services include:
- Business Structure
- Corporate taxation
- Cost segregation studies
- Federal and state tax audits
- Individual taxation
- International taxation
- Multistate nexus and taxation
- Sales tax reporting and compliance
- State and local tax issues
- Tax credits and business development incentives
- Tax planning
- Business valuations
- Cash flow analysis
- Costing systems
- Financing options
- Forensic accounting and investigations
- General ledger consulting
- Mergers and acquisitions
- Strategic planning
- Succession planning
Firm Resources
- Independent Oil and Gas Association of New York (IOGA of NY)
- American Institute of Certified Public Accountants (AICPA)
- BDO Alliance USA
- New York State Society of Certified Public Accountants (NYSSCPA)
- Public Company Accounting Oversight Board (PCAOB)
For more information about our accounting and consulting services for businesses in the oil and gas industry, contact Michē Needham or complete the form below.
