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Energy

Energy

Given the Energy industry operates in a global marketplace, leaders must be able to react efficiently and quickly to changes in regulatory actions and economic conditions.  This makes it vital to work with accounting professionals who already have deep industry knowledge and can offer insightful guidance without delays. Our team keeps pace with industry changes and challenges through continuing professional education, active participation in numerous trade associations, and monthly internal industry group meetings.

The LaPorte Energy Industry Group has supported exploration and production companies, oilfield service companies, maritime vessel companies, royalty and working-interest owners and other energy sector professionals throughout the lifecycle of their needs. In addition, our multidisciplinary professionals also have experience working with PEGs and understand their need for disciplined, efficient and thorough service due to the high level of cost accountability.

Our firm’s national alliance provides us access to resources throughout the U.S. and internationally, so we can meet the vast and growing needs of this far-reaching industry.

 

SERVICES TO INDUSTRY

  • Audits, reviews, and tax services
  • IPO and merger and acquisition assistance
  • Transaction consulting on tax ramifications
  • Outsourced executives to support clients with project needs or limited resources

IRS delays caused employers to wait on needed COVID tax credit relief

(authored by RSM US LLP) Congress passed multiple pieces of legislation aimed at providing relief to employers struggling due to the pandemic. A new Treasury Inspector General for Tax Administration (TIGTA) report finds that ongoing IRS processing delays are causing businesses to wait on COVID-related credits claimed on Forms 941-X. The report states that as of Feb. 1, 2022, there were 447,435 Forms 941-X waiting to be processed.

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