Energy Business Accounting & Consulting
Recent changes in oil and gas drilling and fracturing have spurred significant and unique opportunities in Ohio, Pennsylvania and West Virginia. These opportunities require careful reflection on the accounting and tax considerations inherent in almost any oil and gas transaction. Oil and gas taxation continues to be a focus of state and federal lawmakers, requiring all parties to have the best information at their disposal.
At 415 Group, we believe our strong reputation as accounting and tax advisors is a reflection of the CPAs at our firm who regularly advise on oil and gas as well as other natural resource related matters. Our capabilities are supported by individuals with oil and gas industry experience and knowledge, dating back to the late 1970s. This experience and knowledge is most useful as a resource for structuring today’s decisions.
415 Group offers practical knowledge and experience in the areas of individual and business income taxation and planning, including mineral and land management, pooling of capital, drilling, and development and management of well operations. The clients we serve include mineral owners, licensed operators, oil and gas drillers, and support companies and suppliers. Our services are employed in the structuring of joint ventures, selection of appropriate business entities and supporting tax accounting (AFE, drilling and completion, well management), including our attestation services, preparation of necessary federal, state and local tax returns and providing tax planning.