Petroleum Accounting Consultants can handle your monthly severance tax reporting compliance to all states.  The various state severance tax laws make it very difficult for an in-house Accountant to keep up with all the various severance tax laws.  Most Accountants don’t realize most of the oil and gas have various severance tax incentive programs for oil and gas operators.  Since 2001 Petroleum Accounting Consultants has recovered over $42 million in severance tax refunds for oil and gas operators.