Our hearts go out to all of you affected by Hurricane Harvey and its aftermath. As a Gulf Coast company with offices in Houston and…
Just like many other businesses, oil and gas companies frequently overlook taking the Research & Development (R&D) tax credit. Across all industries, less than 33%…
For fiscal periods beginning after December 15, 2018, businesses will have to start reporting leases differently on their balance sheets. That’s because the Financial…
Accounting for remodel and refresh expenditures can now be easier for certain retailers and restaurants, thanks to IRS Revenue Procedure 2015-56. Effective since January 1,…
Business owners need to be aware that significant employee layoffs may lead to unintended partial plan terminations. In our region, oil and gas companies could…
Even knowing the benefits of a cost segregation study, it’s important to know whether the study would assist you.
As we approach the new year, a new tax filing deadline also looms for some taxpayers.
The statement of cash flows provides answers to the important question “Where did the money go?”
Current economic conditions for the energy sector may indicate that the carrying amount for a long-lived asset has become unrecoverable. In these circumstances, the asset…
The update is significant for the financial reporting and compliance requirements it presents to businesses across all sectors.