Oil and gas distributors face unique financial and operational challenges—yet can also leverage unique opportunities. Doesn’t it make sense to work with an advisor who understands your industry and has the resources to make a difference to your business?
We Can Help
Moss Adams LLP has been serving clients successfully for close to a century, helping thousands of middle-market companies grow their business through better tax planning, operational and management consulting, and risk-reduction strategies. We have a team dedicated to serving oil and gas wholesalers and distributors—a team that understands that you deal in a commodity market with volatile prices, and one familiar with the associated risks and opportunities. Our goal? To help you achieve yours.
What We Offer
We understand the changes brought about by a competitive business environment and have years of experience evaluating the risks that affect your company. We use this understanding to deliver efficient and effective assurance services while providing insights on matters that may affect your business.
Our petroleum-industry experience helps us understand key accounting issues you face, including:
As tax rules and regulations increase in complexity and number, it becomes more challenging to develop tax strategies that maintain or increase cash flow while reducing liability. Our tax services include:
Oil and gas distributors often face sales tax issues when selling in states where they believe they have no business presence. We can advise you on nexus issues and when resale certificates, reseller permits, or other items of documentation are necessary. We’re also knowledgeable on state tax incentives such as Enterprise Zone credits and the HIRE Act credits.
Inventory Tax Planning
Companies in your industry typically have a significant investment in inventory. Moss Adams seeks to identify and implement best practices and value-added ideas for your inventory tax accounting issues. We have an integrated service that can help you reduce the tax cost of carrying inventory.
Property Tax Services
You routinely make investments in expensive equipment and real estate. But rapid technology advancements and economic factors can cause equipment values to decrease. Understanding the value of equipment and real estate is critical when calculating state and county property taxes. We provide assistance with compliance, assessment review, and reclassification of assets to comply with jurisdictional property tax requirements.
We work with middle-market companies on their critical challenges during key stages of their evolution: fast growth, changes in direction, succession, and, ultimately, the sale of their enterprise. Our consulting services include:
Every acquisition or disposition comes down to one question: How will this impact transaction value? Inevitably, tax plays a material role in the answer. We identify tax exposures and assess transaction structures that can help increase value. We also conduct transactional due diligence to reveal issues that can affect transactions. And we provide transaction management services with input on purchase agreements, supporting seller positions, and closing financial statements.
Moss Adams LLP
Mike Boldt, CPA