Energy Sector Accounting, Tax, and Advisory
Navigate regulatory requirements, minimize tax exposure, facilitate new growth, and improve technology and security practices.
At KSDT, we support the entire energy sector, including renewable energy, oil and gas, chemicals, traditional power and utilities, and emerging technologies. Our team of specialized professionals brings deep expertise in accounting, advisory, and tax services tailored to meet the unique challenges of the energy industry.
Our team is known for our collaborative approach and for building client relationships that endure over time, even as organizations grow and requirements evolve.
Industries We Serve in the Energy Sector
We work with a diversified client base in the energy industry, including:
- Independent exploration and production companies
- Offshore drillers
- Pipeline and terminal operators
- Oilfield equipment and services companies
- Renewable energy producers, including solar, wind, and water
- Power & utilities
- Chemicals
- Interest owners
- Oil distributors
- Maritime companies
- Mining
- High net worth investors
- Family offices
- Private equity teams
- Investment partnerships
Comprehensive Support for Energy Companies
Our team’s goal is to provide oil & gas organizations with a wide range of specialized accounting, advisory, and tax services, including:
- Assurance/audit services
- CFO advisory services
- Agreed upon procedures
- Vendor management testing
- Internal controls/404 testing
- Technical research and implementation
- Internal audit
- Tax compliance
- Tax strategy and planning
- Entity selection and restructuring
- Multistate and international tax
- Wealth transfer and estate planning
- Bookkeeping support
- R&D tax credit planning and evaluation
- Cybersecurity
- Litigation support
- Business valuations/M&A assistance
- ESG services
- Family office support services
- Transaction advisory
Challenges in the Energy Industry
The energy sector, which encompasses renewable energy, oil and gas, chemicals, traditional power and utilities, and emerging technologies, faces a range of challenges, including market volatility, regulatory pressures, access to capital, and cybersecurity threats.
- Regulatory changes: Frequent updates to environmental regulations, tax codes, and accounting standards can create uncertainty and compliance burdens.
- Market volatility: Fluctuations in energy prices, geopolitical events, and economic conditions can impact profitability and investment decisions.
- Technological advancements: The rapid pace of technological innovation, such as renewable energy sources and energy efficiency improvements, can disrupt traditional business models.
- Environmental concerns: Growing public awareness of climate change and environmental sustainability has increased pressure on energy companies to adopt more sustainable practices.
- Cybersecurity threats: The increasing sophistication of cyber-attacks poses a significant risk to energy infrastructure and data security.
We help you identify potential risks and their impact on your financial statements and provide proactive tax and consulting services.
KSDT has extensive knowledge of the FASB, SEC, IFRS, and IRS regulatory and reporting requirements relevant to energy organizations.
Government Insights
Curated content related to current Firancial Sevices issues and how we can help provide guidance.
