We are recognized as a leading accounting firm to the middle market in the petroleum industry including upstream, midstream, and downstream areas. Our deep industry expertise comes from working with numerous petroleum companies across the country.
Some of the key industry segments we serve include:
Having a knowledgeable team who understands the competitive forces shaping your industry is critical to managing a successful business. As leaders in the industry, we are quick to identify and address new trends, accounting requirements and regulations to ensure our clients’ future success. With our national reputation and years of experience, we have the capabilities to serve the petroleum industry with distinction through the support of our firm’s National Petroleum Practice.
We can address the following needs:
INTERNAL AUDIT, RISK & COMPLIANCE
MANAGEMENT & TECHNOLOGY CONSULTING
FORENSIC, LITIGATION & VALUATION
OTHER ADVISORY SERVICES
European companies face taxes as a percentage of the price of fuel on average 18% higher than the world average, putting them at a serious disadvantage and potentially risking economic growth, shows a new study by UHY, the international accounting and consultancy network.
Michigan's new Motor Fuel tax processing system, "Michigan Automated Tax System" (MiMATS) will begin July 30, 2018. With the implementation of the new system, paper returns will no longer be accepted. The last date to file in the current system will be July 20, 2018.
The US Senate approved legislation, which the House already passed, to extend for one year more than 50 tax provisions that had expired at the end of 2013. The pending retroactive enactment of this legislation will impact the 2014 taxes for many individuals and businesses.
The USA enjoys some of the lowest gasoline pump prices among the major world economies, according to a new study by UHY, the international accountancy network. UHY explains that the USA has an extremely low tax rate on fuel, levying just 13% on gasoline and 12% on diesel, considerably less than many other major developed economies, in particular European countries.
The complications and limitations of a national energy policy were aptly illustrated with the recently released Advancing Technology for America's Transportation Future report from the National Petroleum Council, representing two years of work by 300 industry and government participants.