Obtain your IRS Identity Theft PIN to Protect Against Identity Theft
You can obtain an identity theft pin from the IRS to protect yourself from tax-related identity theft. The identity theft pin is a six digit code that you obtain from the IRS yearly and input into your tax return. This […]
Read More Enhancing the R&D Tax Credit would have a positive impact on the Oil and Gas Industry
The recent pandemic has further impacted the Oil and Gas Industry on top of already struggling prices. While reading a recent article from Forbes – “The Next Relief Bill – Congress Eyes R&D Tax Credit” I was reminded of the […]
Read More Businesses: Act now to make the most out of bonus depreciation
If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax break.
Read More Staff thrive in hybrid working model
Hall Kistler moving to a hybrid working model
Read More Municipal Income Tax Withholding Returns to “General Rule”
Effective January 1, 2022, municipal income tax withholding returned to the Pre-COVID-19 emergency declaration "General Rule". Prior to January 1, 2022, employers were to follow the governor's emergency declaration "temporary rule" in which they withheld based on their regular place […]
Read More Important Changes to the Advance Child Tax Credit Payments in 2021
Important changes to the Child Tax Credit will help many families get advance payments of the credit starting this summer. You can also Opt-Out, but hurry the first Unenrollment Deadline is 6/28/21.
Read More Marginal Well Tax Credit Beginning in Calendar Year 2020
In Notice 2021-34, the IRS has released the reference price and credit amount for the production of natural gas from marginal wells. For tax years beginning in the calendar year 2020, the marginal well tax credit is $0.66 per Mcf. […]
Read More The Small Business Administration launches the Paycheck Protection Program
Loans are now available for eligible small businesses through the Small Business Administration’s Paycheck Protection Program. Learn more about the loan qualifications and terms here.
Read More COVID 19 Tax Updates
The most recent action by the Treasury extending the tax filing deadline from April 15 to July 15 has provided much-needed relief from compliance matters. It has allowed CPA’s to focus on much more and pertinent issues facing small businesses. […]
Read More How do Footnotes and Disclosures Expand My Numbers?
One significant but often overlooked part of GAAP-compliant financial statements are the footnotes and disclosures that accompany the numbers. It’s easy to ignore these when you are in a rush to “see how the year went” and “see how much […]
Read More Guide to Accounting for Hedging Transactions
Where do I account for Hedging Transactions? It's complicated.
Read More Why You Need a Reserve Report
By Andy Griffin, CPA, Supervisor and Keith A. Arner, CPA, CVA, Partner“Do I really need to spend money to have an engineer prepare a reserve report for me?” As an oil and gas producer, you may have asked this question […]
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