Your team’s focus should be running an efficient oil and gas operation, not sorting through complicated tax calculations, reporting requirements and supporting documentation.
We help bridge that gap. From reviewing filings and identifying deductions to assisting with DS658 and NERF reporting, we bring practical accounting expertise and firsthand knowledge of how these filings are evaluated.
Colorado’s ad ad valorem tax system can be difficult to navigate, with requirements and interpretations that can vary from county to county.
With more than two decades of experience auditing oil and gas filings on behalf of government entities, our team understands the process from the other side of the table.
Today, we use that experience to help operators outside Weld County improve reporting, uncover missed deductions and reduce the risk of costly disputes.
Our work auditing on behalf of Weld County gives us a perspective few firms can offer. We understand what assessors look for, where reporting problems commonly occur and what documentation is needed to support a filing.
We review Colorado oil and gas ad valorem filings for accuracy, consistency and supporting documentation, helping identify issues before they become larger problems.
We look for transportation, processing and other allowable deductions that may have been overlooked, helping operators avoid leaving money on the table.
Our team can help prepare or review DS658 and NERF filings, organize supporting documentation and respond to questions from county agencies.
When questions or disputes arise, we help operators prepare documentation, navigate the audit process and work toward resolution. Our proactive approach is designed to reduce the likelihood of abatement whenever possible.
Colorado ad valorem taxes are property taxes based on oil and gas production and related assets. Operators must report production, values, deductions and other information used to determine taxable value.
Colorado has detailed reporting requirements, and interpretation can vary by county. That can make compliance especially challenging for operators working across multiple jurisdictions.
Depending on the situation, operators may qualify for transportation, processing and other allowable deductions. We review filings to help identify savings that may have been missed.
Yes. We can help prepare or review DS658 and NERF filings, organize supporting documentation and address questions from county agencies.
Accurate reporting, complete documentation and properly supported deductions can help reduce risk. We focus on identifying potential issues early, before they become larger and more costly problems.
Missed deductions and reporting errors can add up quickly across multiple properties and reporting periods. We review calculations and supporting records to identify allowable deductions that may have been overlooked, including transportation, processing and other applicable adjustments.
At the same time, we look for issues that could lead to assessments, audits or abatement proceedings. The goal is simple: accurate reporting, fewer surprises and better financial outcomes.
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