Oil & Gas 2019-07-30T21:26:03+00:00

Tax Services for Oil and Gas Companies

A Colorado company that understands the complex landscape

The oil and gas industry of today is a uniquely complex landscape—one that is constantly fluctuating and often uncertain. With global market variabilities that force investment decisions based on shifting prices, it can be difficult to plan for long-term solutions due to changes in the short-term. We can assist clients with developing a strategic tax, audit, and consulting plan to navigate the operational and tax issues in the industry, maintaining compliance, and reducing overall risk.

The experienced team at Stratagem has the necessary breadth of tax and accounting knowledge needed to help clients traverse complex accounting rules and even more complex tax regulations. We are the right size firm to be flexible and agile in response to client needs and are committed to excellence in providing personalized service.

As a select member of CPAmerica International, we are proudly part of one of the world’s largest network of independent CPA firms, allowing us access to the knowledge and resources of a global network of oil and gas experts and advisors.

Our team provides:

Tax ServicesWe bring a keen understanding of the industry and can help develop a strategy for the federal, state, and local level to meet your individualized needs. Our services:

  • Business and individual tax return preparation
  • Knowledge of complex and unique tax issues
    • Multi-state filing
    • Passive activity regulations
    • AMT implications
    • Intangible development cost options
    • Depletion opportunities and limitations
    • Domestic production activity deduction
    • Severance taxes
  • Strategic year end and multi-year tax planning
    • Cash flow strategies
    • Tax minimization
    • Operational issues
    • Ownership changes
  • Wealth transfer planning and implementation for owners
  • Estate and gift tax return preparation and related accounting services

Assurance/Audit ServicesAudited financials and due diligence reviews strengthen your position in this complex industry. Our services:

  • Audit, review, and compilation of financial statements for closely-held companies
  • Financial modeling and forecasting around diversification of family wealth and investments
  • Wealth transfer plans including development, implementation, and annually monitoring the plan to maximize and preserve wealth
  • Strategic planning on short and long-term issues occurring in the industry

Accounting Our accounting team can provide support or assume the role of your internal accounting team to ensure you have accurate and timely financial reporting, including:

  • Monthly bookkeeping data entry
  • Accounts payable and accounts receivable
  • Monthly reconciliations – bank accounts, investment accounts, credit cards etc.
  • Reconciliation of third party software to QuickBooks
  • General ledger review
  • Financial statement preparation
  • Cash flow budgets and forecasting
  • Payroll processing and payroll tax return filing including year-end W-2s
  • Workers’ compensation audits
  • Sales and use tax reporting
  • Annual report filing
  • Maintaining property listing and complete annual personal property filing
  • 1096/1099 & 1098 reporting
  • QuickBooks assistance and training
  • Recorded joint interest billings

IT Services – We share our technology expertise with you, making sure your systems run smoothly and your information is secure and safe from hack. Our team can help with:

  • Technology Consulting Services
    • General technology – hardware, software, and network setup
    • Strategic Technology Planning
    • Technical project management and implementation
    • Current technology assessment
    • Written policies and procedures
    • Security and risk assurance
  • Managed Services
    • 24/7/365 monitoring and maintenance of your systems and servers
    • Disaster recovery and backup for business continuity
    • Expert support, both onsite and virtually
    • Firewall and security management
    • Cloud computing and virtualization
    • Virtual CIO services
  • Enterprise Content Management  (ECM)
    • Sharepoint


Focus Area Detail