Energy & Natural Resources

FORVIS energy-focused tax and accounting pros can help your business improve performance, keep compliant, and reduce risk.

FORVIS delivers tailored solutions that help energy and natural resources companies succeed in a volatile market. Whether you need tax insight or consulting services for business valuations, mergers and acquisitions, enterprise resource planning solutions, or succession planning, our trusted advisors combine energy accounting and consulting experience to help get your business where it needs to go.

The energy sector is in a period of rapid change. From the demand for renewable energy to continued reliance on traditional energies, companies must develop creative solutions and clear paths to meet the global demand for efficient, safe, and reliable energy. Our experienced energy professionals can help you navigate this ever-changing market while remaining focused on future consumer, community, and institutional needs.

Renewable energy projects can be complicated and often require many parties collaborating to complete them successfully. Our renewable energy team understands the process and can help you with your goals. We pride ourselves on knowing the renewable energy tax credit industry and navigating complex transactions that are often needed to complete a project. We have experience serving as relationship facilitators for developers, investors, and legal counsel.

Assurance

FORVIS provides energy companies with a full range of assurance services. We utilize a risk-based approach to understand your business, including strategies and processes, to assess risk of material misstatement and the progress toward your business objectives.

Energy Industry Contract Compliance

Integrating Council of Petroleum Accountants Societies (COPAS) accounting guidance and model form interpretations, we can offer our clients clarification of oil and gas accounting requirements for agreements in the form of contract audits and litigation support. This includes action plans to provide for contract audits, facilitating recoveries for nonoperators, and limiting exposure for operators in complying with accounting in contractual agreements unique to the oil and gas industry.

Assurance services include:

Attest & Agreed-Upon Services
Compilations, Preparations, & Accounting Assistance
Employee Benefit Plan Audit
Financial Statement Audits & Reviews
Internal Auditing & Internal Controls
International Financial Reporting Standards (IFRS) Transition
Lease Accounting
Outsourced Accounting Services
SOC Reports

Tax

FORVIS’ tax work starts with strategic planning. We help energy companies take advantage of applicable benefits while mitigating tax liability, maintaining compliance, and enhancing cash flow. FORVIS tax pros can assist with:

45L Tax Credit for Energy-Efficient Homes
Credits & Incentives
International Tax
Investment Tax Credits
Qualified Opportunity Zones
Record Retention Guidelines
Reportable Transactions
State & Local Tax
Strategic Alliance Programs

Advisory

We have the strategic and operational insights your company needs to grow and compete. FORVIS energy professionals understand the challenges of your business and industry, so we can help you invest in growth while focusing on continual improvement. Services include: