Oil Prices are on the Rise, But Challenges Linger: Our Sales and Use Tax Team Has Your Solution

After the unprecedented drop in oil prices in early 2020, commodities are finally back on the rise. But just because the cost is returning to normal, doesn’t mean the industry won’t face the consequences for months to come.  At Merit Advisors we understand that for many in the oil and gas industry—including our clients—are making tough decisions trying to protect their workforce and the stability of their business in this tough economy. We know you are trying everything to protect your balance sheet from reducing overhead and expenses, to collecting accounts receivable, finding relief from lenders, and selling assets.  But... Read More

Conserving Cash at the State and Local Level: Why Merit Differs from the Big 4

Merit Advisors’ Managing Partner and Co-Founder, Will Presson, sits down with James West of Evercore ISI on the podcast Invest with James West, to talk all things taxes. Learn more about the intricacies of state and local taxes and how the services Merit Advisors offers can help find cash savings for E&P companies and others in the oil and gas industry. Click to listen! Read More

Coping with Covid-19 and the Collapse in Oil Prices: 7 Ways to Reduce Your Tax Burdens

As the coronavirus pandemic continues to run rampant throughout the United States and around the globe, many industries—not just the health sector—are beginning to feel its devastating effects. This pandemic will be a game changer for one in particular—the energy industry. As people continue to stay home, businesses remain closed, and countries essentially shut down, oil prices have plummeted as the demand for crude oil is halted. Despite the unprecedented cuts to global oil production, not enough has been done to salvage commodity prices. Here in the US, WTI crude is hovering in the low $20s per barrel, and could... Read More