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Tax Considerations For Multi-State Operations

Energy, Energy & Petroleum, Martin Kirshner, Tax Strategy & Compliance, Tax Tips / By

Expanding your footprint adds layers of complexities to tax compliance By Martin D. Kirshner, CPA, MSAGray, Gray & Gray, LLP Table of Contents For heating oil and propane distribution companies operating across multiple states, navigating the complex web of tax obligations requires careful planning and meticulous record-keeping. The expansion into neighboring states often brings significant

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black piece of paper with "Fuel Tax Credit" text on a table with various office supplies on it

IRS Tightens Oversight on Alternative Fuel Tax Credit

Articles, Energy, Energy & Petroleum, Featured Events, News, News & Events, Tax Strategy & Compliance, Tax Tips / By

The Alternative Fuel Tax Credit serves as an important federal tax benefit in the United States, reducing the tax burden for businesses and individuals who use fuel for specific qualifying activities. These activities include off-highway business operations, agricultural work and aviation purposes. To strengthen oversight of this program, the Internal Revenue Service has implemented new

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Top 5 Findings in a Royalty Audit

Articles, Featured Events, Kevin Howley, News, News & Events, Royalty Examinations / By

By Kevin F. Howley, CPAGray, Gray & Gray, LLP As a forensic accountant specializing in royalty audits for over two decades, I’ve encountered numerous instances where licensees or franchisees fall short of their contractual obligations. While each audit presents unique challenges, certain issues consistently emerge across industries and agreement types. Understanding these common findings can

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