Henry & Peters’ specific area of expertise within the oil and gas industry is with E&P (exploration & production) and midstream companies. We know the best tax outcomes in this industry occur when we have a firm grasp on the structure and role of the company, and that’s where we always begin. This integral understanding tells us how to structure transactions to maximize return to the owner—our client. We consider intangible drilling costs, depletion, lease acquisitions and sales, subleasing transactions, exploration and operation of wells, and other variables with all of our consulting with oil and gas clients.
Henry & Peters has a long-standing record of assisting doctors, dentists and others in the healthcare field. We emphasize planning and entity structure design for practice transitions, sales, mergers and acquisitions that will maximize profits to owners.
Henry & Peters’ tax and audit departments work closely together for our financial institution clients to find the best ways of efficiently reporting profits and complying with regulatory issues, as well as planning for executive compensation plans, buy-outs, acquisitions and other significant transactions.
Farmers and ranchers are often susceptible to one-size-fits-all tax planning, when in reality, every farming and ranching operation is unique and should be handled as such by qualified professionals. Henry & Peters deals in all aspects of farming and ranching activity. We help these clients identify creative ways to finance acquisitions, maximize depreciation of farming assets, and retain farming property within their families.
Your manufacturing operation is different from any other. Therefore, your tax planning and preparation should be, too. Our first step in tax planning for manufacturing clients is to understand the processes you have in place. We then look for opportunities like research and development credits, domestic production deductions, and leasing versus purchasing of equipment analysis as means of maximizing retained revenue and minimizing taxes.
The type of entity an attorney, engineer or any other professional service provider chooses to utilize has great impact on the amount of revenue they’re able to retain after taxes. We guide our professional service clients in selecting the proper type of entity for their business as a first step in successful tax planning, and offer valuable consulting on other factors, such as the size of their firm and number of employees.
Tax planning in the non-profit sector revolves around compliance, and we know remaining in good standing is of utmost importance to these clients. Henry & Peters is privileged to consult with numerous non-profit organizations on how to optimize information reporting and improve accounting operations in order to maximize the funds they need to operate and grow.