Energy and utility companies face complex tax challenges due to changing regulations, shifting environmental standards, evolving energy sources, and varying market demands. More specifically, you may have faced hardship in key business areas including:
- Understanding environmental standards
- Managing multiple tax jurisdictions with different rules and rates
- Knowing tax rates for differing energy sources
- Keeping up with changing tax laws and regulations
- Reducing tax liabilities and maximizing tax credits and incentives
- Optimizing tax processes and systems to improve accuracy and efficiency
- Minimizing audit risks and resolving tax disputes
For companies in this industry, your tax obligations require a deep knowledge of asset valuation methods, tax credits and incentives, and jurisdictional differences—and staying ahead requires strategic planning and agility.
DMA’s tax experts share extensive experience in helping clients in the energy and utilities industry with their unique business needs. We specialize in providing tax advisory, audit, recovery, and compliance services tailored to the energy and utilities sector. Our comprehensive approach provides clients with effective tax solutions, builds strong strategies that reduce tax liabilities, and ensures overall tax compliance.
We offer a range of strategic tax services to help you achieve your business goals, such as:
- Tax recovery and refund analysis
- Compliance outsourcing, co-sourcing, and automation
- Tax planning, forecasting, and consulting
- Credits and incentives procurement and site selection
Whether you are a producer, distributor, or consumer of energy and utilities, we can help you navigate the complex tax landscape and optimize your tax position.
Advisory & Planning
Our tax advisory and technology teams develop and implement practical, best practice tax strategies tailored to the unique needs of energy and utilities companies. This allows your team to focus on critical, value-added projects while we handle the complexities of tax planning and compliance.
Tax Liability Forecasting
Our experts in property tax, transaction tax, state income tax, and incentives, collaborate to create interactive models that enable accurate expense simulations for potential tax liability and legislative scenarios. By leveraging these data-driven models and our accompanying narrative analysis, clients gain valuable insights to make informed financial decisions, whether planning future projects or budgeting for ongoing operations.
Site Selection
DMA’s site selection specialists partner with our state and local tax and legislation experts to assist energy developers in laying the foundation for tax optimization. A strategic analysis of potential sites viewed through the lenses of tax landscape, community economic development initiatives, legislation trends, and availability of required resources helps clients discover the ideal location for unique energy projects.
Credits & Incentives Procurement
DMA’s credits and incentives experts help clients maximize their investments through a strategic economic development approach to negotiate tax breaks, ease approval processes, and navigate community dynamics. We specialize in crafting a customized strategic roadmap for your project, diligently advocating on your behalf to optimize incentives while minimizing impact on routine operations.
Audit & Recovery
Equipped with jurisdiction-specific sales and use tax expertise, DMA’s transaction tax specialists analyze general expenditures, construction contracts, and the costs associated with developing and operating energy-producing assets. This analysis often uncovers opportunities for tax savings, overpayment recovery, and untapped industry-specific exemptions.
Property Tax Management
DMA’s property tax assessment review and appeal experts specialize in reviewing assessments and managing asset valuations for the most complex and challenging property types in the market. We perform reviews that require alternative approaches to value at the local and state-assessed levels or wherever various asset types are inherently intertwined. Our experts advocate on your behalf to establish equitable valuations and ensure assessments accurately reflect the current market value of each property.
Analysis of Spend
Our team of highly specialized jurisdictional tax experts efficiently analyzes your spending, whether it includes general expenditures, construction contracts, development of energy-producing assets, or the continued operation of energy-producing assets.
VIEW ALL AUDIT & RECOVERY SERVICES
Compliance
Compliance requirements for companies in the energy and utilities industry are intricate and time-consuming. DMA partners with your tax team to ensure compliance and increase efficiency.
Tax Technology & Automation
Our tax technology professionals help you simplify and maximize the benefits of tax automation. They have extensive experience and knowledge using all major current and legacy tax engines as well as ERP, point-of-sale, and e-commerce platforms.
Team Up With Our Energy and Utility Tax Experts
By partnering with our team of tax experts on strategic tax initiatives, compliance, and incentives, energy and utility companies can maximize their tax benefits. Contact us today to learn more about how we can deliver value-added tax solutions.