The recent IRS updates to its property repair regulations manual has forced oil and gas property owners to review efforts to repair or modernize assets. Complicated changes to the agency’s policy mean a whole new way to analyze property elements and have forced many business owners to re-learn their accounting process.
Now, PwC has teamed with PowerPlan and announced a webcast intended to help anyone facing this massive re-organizing of asset regulation. The latest in the Energy executive webscast series, The final tangible property repair regulations: Challenges and opportunities with the recent guidance will be held on December 11th, 2013, at 1:00 pm CST.
The webcast addresses how these IRS changes will affect business of all sizes, including:
- Providing an overview of the tangible property regulations including the safe harbor guidance
- Providing best practices for implementing the regulations as well as specific review revenue procedures and safe-harbor calculations
- Highlighting how to automate compliance, maximize value and support internal and external audit needs
The webcast will address common questions about the regulation changes, and will provide an educational basis for understanding the differences in how building elements are categorized.
The final tangible property repair regulations: Challenges and opportunities with the recent guidance will be held on December 11th at 1:00pm CST. Click here to sign up, and email firstname.lastname@example.org with any questions.