Utilities

Utility companies need to connect infrastructure and capital decisions with accounting, tax, and financial-reporting requirements. PYA helps leadership evaluate those considerations through tax, audit, and advisory services.

Our work includes tax analysis for capital projects, depreciation and cost segregation, financing considerations, and evaluation of energy-related incentives where applicable. We also assist with federal, state, and local tax matters, including property taxes, excise taxes, and environmental levies.

Our Utilities Services

Audit


Assurance

  • Outsourcing or Co-Sourcing of Internal Audit Functions 
  • Reviews and Compilations of Financial Statements 
  • Debt Issuance and Compliance Monitoring 
  • Agreed-Upon Procedure Reports and Special Reporting 


Advisory

  • Internal Control Reviews and Risk Assessments 
  • New Accounting Standard Implementation 
  • Accounting Policy and Procedure Manual Development 
  • Forensic Accounting and Dispute Resolution 
  • Financial Due Diligence and Quality of Earnings Transaction Accounting Assistance 
  • Financial and Statistical Analysis 

Compliance 

  • Federal, State, & Local Income Tax Returns 
  • Real and Personal Property Tax Reports 
  • Quarterly & Annual Payroll Tax Returns 
  • Employee Benefit Plan Tax Returns 
  • Tangible & Intangible Property Tax Reports 
  • Sales Tax Returns 
  • State and Local Business Registrations and Applications 
  • Representation for IRS & State Examinations 


Tax Planning and Advisory

  • Income Tax Nexus Analysis 
  • Sales and Use Tax Exposure Analysis and Consulting 
  • International Tax Analysis and Planning 
  • Transaction Analysis & Planning 
  • Accounting for Income Taxes Under ASC 740 
  • Merger & Acquisition Analysis 
  • Financial Risk Assessments & Management 
  • Research and Development Credit Studies 
  • Energy Credit Studies 
  • Historic & Rehabilitation Tax Credit Studies 
  • Like-Kind or Reverse Real Estate Exchanges 
  • Entity Choice Modeling and Analysis 
  • Employee Benefit Modeling 

  • Monthly Accounting & Advisory
  • Quickbooks Support
  • Financial & Operational Dashboard Reporting
  • Tax Assistance & Planning
  • Outsourced Controller/CFO Services
  • Concierge Business Support Services
  • External Audit Support Services

Business Intelligence

  • Customized Data Analytics 
  • Dashboards and Visualizations 


IT Advisory Services

  • Comprehensive IT Assessments 
  • Cybersecurity Assessments 
  • IT Outsourcing Assessments 
  • Pre- & Post-Merger/ Acquisition IT Assessments


IT Risk Management & Compliance

  • Risk Management Program Development and IT Compliance Assessments 
  • Cyber Intelligence 

  • Contract Disputes
  • Fraud Investigations
  • Damages Calculations & Lost Profits Analysis
  • Expert Reports and Testimony
  • Civil Investigative Demands
  • Forensic Accounting & Investigations
  • Government Investigations

Utility Financial Decisions from Capital Planning to Reporting

Tax, Audit, and Advisory Support for Utility Companies

Evaluate Capital Projects in Their Tax Context

Infrastructure investment can involve depreciation, financing, property tax, and potential energy incentives. PYA helps utilities examine those considerations together, including cost segregation and relevant credit studies. The review should reflect the project and assets involved rather than assume that every incentive applies.

Determine the Reporting and Oversight Required

Boards, lenders, and other stakeholders may require different financial information. PYA’s audit and assurance services can address defined reporting needs, while internal control reviews and accounting-policy support address related oversight questions. Scope should follow the requirement rather than assume that one engagement covers all reporting purposes.

Add Financial Analysis Where Decisions Require It

Accounting advisory support can connect recurring reporting with management analysis and controller or CFO responsibilities. When an acquisition, divestiture, or dispute is involved, PYA can also assist with valuation, due diligence, integration planning, or forensic work suited to that assignment.

The PYA Difference

Over our 40-year history, PYA has consistently delivered high-value advisory services to our national client base. Our team is deployed to develop custom plans using proven approaches and work plans.

Independence

Private ownership means we answer only to our clients, not to third-party investors, giving us the freedom to be thorough and thoughtful in our work. We judge our success by our clients’ success.

Relationships

We value long-term relationships and work hard to maintain them. Our commitment to client relationships and the communities we serve remains constant.

Responsiveness

PYA has a reputation among clients for responsiveness. PYA's goal is to respond to calls and emails within 24 hours when possible.

PYA-Utilities-Industry-Advisors-Strategy-Consultants-Accounting-CPA-Experts

Contact Our Utilities Team

Team Leader

Mike Shamblin Headshot Mike Shamblin

Managing Principal of Accounting & Advisory and Firm Chief Risk Officer

Subject Matter Experts

Nina Eiler Headshot Nina Eiler

Principal, General Counsel, and Director of Litigation Support

Patrick G. Lewis Headshot Patrick G. Lewis

Principal

Tim Royster Headshot Tim Royster

Principal

Jessica Scouten Headshot Jessica Scouten

Principal and Director of Forensic Services

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