Energy service companies

Transaction assistance

PwC professionals are trained to assist you through the financial and tax due diligence process. We assist in interpreting historical operating results and net working capital/debt position and exposures of the company being evaluated. Our team will help post deal with closing adjustments, purchase price allocations, or other financial reporting needs. Our professionals work closely with your in-house team and your legal and technical advisors throughout the process to identify issues relevant to you on a timely basis.

Value-add tax advice

In addition to the traditional tax compliance and planning services, PwC can help identify best practices for tax operations management and strategy to improve data management and help you get smart about your tax function. We find optimization opportunities to enhance shareholder value through effective global tax strategies by advising on: appropriate business and financial structures for foreign operations; acquisition and financing of operations and investments abroad; repatriation of funds and taxation of foreign-source income; and the impact of tax treaties, foreign tax holidays and exchange controls.

For start-up operations in Canada, PwC can optimize foreign and Canadian taxes, develop strategies to repatriate Canadian earnings and comply with Canadian tax filings. For those expanding abroad, we work closely with member firms worldwide to provide seamless global tax service to foreign-based multinationals. We help international companies optimize Canadian and foreign taxes, develop tax efficient strategies to repatriate cash to Canada, and comply with Canadian and foreign tax filings to better serve Canadian-based multinationals.

Other tax services include:

• Indirect tax review

Operational effectiveness

The lower for longer oil price environment has placed additional pressures on energy service companies to streamline operations and find new efficiencies. We help energy companies transform their organizations. This approach goes beyond mere standardization and cost reduction, and moves organizations towards innovation, value creation and business differentiation.

By helping companies with challenges such as rationalizing their asset portfolio, improving reliability and safety across the organization, creating real time operations with integrated systems and data management and proper controls, we can assist you in building a highly effective organization.

Here’s how:

• Digital transformation strategy, technology implementation and change management including enterprise application assessment and integration (Oracle, Microsoft, SalesForce, SAP and Workforce)
• Data analytics
• Cyber security and privacy including crisis management incident response and containment
• Enterprise application assessment and implementation
• Capital project and asset management
• Procurement and supply chain optimization
• Workforce mobility and transformation
• Risk advisory

Advisory services

We provide a wide variety of integrated services to both audit and non-audit clients, tailored to accommodate each client’s unique circumstances and needs. Our team of highly experienced accounting professionals, subject matter specialists and local resources across Canada are ready to help you address:

• Accounting Standard adoption;
• GAAP / IFRS interpretation and conversions;
• Valuation, modelling and disputes;
• IPOs and capital market transactions;
• Complex mergers and acquisitions;
• Regulatory issues and restatements; and
• Training services/expert secondments

SR&ED

Canada offers tax credits under the Scientific Research and Experimental Development (SR&ED) investment tax credit program. For certain Canadian controlled private corporations, or for corporations undertaking SR&ED activities in Alberta, the credit is refundable even if tax isn’t owed. At PwC, we can help optimize your SR&ED claim while minimizing administrative burden.

International expansion

As part of a global network, PwC has an international team at its fingertips. This guarantees compliance with regulations, controls and accounting policies throughout the world. We have assisted local-based companies interested in expanding globally with guidance on structuring and capitalizing their foreign investments and repatriating capital and profits. Our team will support you in gaining access to capital in other markets such as the AIM/LSE.