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The Typewriting Is on the Wall

Message for fuel dealers reads, “Adapt or Die”
Remember when typewriters could be found in every office? These once ubiquitous machines have been replaced by personal computers and laser printers. What lesson can a fuel oil or… http://oilandenergyonline.com/articles/all/typewriting-wall/

Inside the SECURE Act

Recently enacted legislation could lead to lower cost employee benefits
The passage of the Setting Every Community Up for Retirement (SECURE) Act, which was signed into law in late December 2019, has the potential to make a significant impact on small… http://oilandenergyonline.com/articles/all/inside-secure-act/

Would a Joint Venture Work for Your Company?

Exploring the increasingly popular middle ground between buying and selling
The retail energy industry is in the midst of a period of consolidation. Due to a number of factors, the pace of buying and selling activity has increased significantly over the… http://oilandenergyonline.com/articles/all/would-joint-venture-work-your-company/

VISIONS Conference Brings Marketers Together

NEFI Visions 2016 drew hundreds of energy marketers to the DCU Center in Worcester, MA, for two interesting days of education and networking. Hosted by New England Fuel Institute, the event received the support of many sponsors, including the Diamond S…
NEFI Visions 2016 drew hundreds of energy marketers to the DCU Center in Worcester, MA, for two interesting days of education and networking. Hosted by New England Fuel… http://oilandenergyonline.com/articles/all/visions-conference-brings-marketers-together/

Working the Margins

Hedging experts offer advice on managing multiple uncertainties regarding price, weather and a patchwork of sulfur specifications
Hedging experts offer advice on managing multiple uncertainties regarding price, weather and a patchwork of sulfur specifications Each heating season brings its share of… http://oilandenergyonline.com/articles/all/working-margins/

Five Reasons to Work With a Financial Advisor

Old habits die hard.” For better or worse, this well-worn phrase applies to many who operate in the fuel distribution industry. Certain habits have helped dealers run consistently efficient operations and maintain a solid customer base despite increased c…
http://oilandenergyonline.com/articles/all/five-reasons-work-financial-advisor/

IRS Issues Special One-Time Claim Procedures for Retroactive Tax Credits

The IRS has issued special one-time claim procedures — IRS Notice 2018-21 — for payment of the $1.00-per-gallon biodiesel blender credit, and the $0.50-per gallon alternative fuel credit and alternative fuel mixture credit. Congress retroactively reinstat…
http://oilandenergyonline.com/articles/all/irs-issues-special-one-time-claim-procedures-retroactive-tax-credits/

For the Love of Oilheat

Allison Heaney truly grew up in the Oilheat business. At age 5, she was helping to wash trucks at Skaggs-Walsh, the Queens, NY, company run by her father, Peter Heaney, who succeeded his own father, Fred Heaney. At 9, she was stuffing envelopes in the cus…
http://oilandenergyonline.com/articles/all/love-oilheat/

Maximize Social Security Benefits

Social Security is a mystery to many Baby Boomers, but it is important to understand the rules in order to maximize one’s benefits. This is the message delivered by Gray Equity Management’s Daniel C. Romano during a seminar at the recent Southern New Engl…
http://oilandenergyonline.com/articles/all/maximize-social-security-benefits/

How to Determine Company Requirements Under ACA

Many employers rely on seasonal workers. As a member of CEMA it is fair to say that the winter season is such a time for our industry. How does the Affordable Care Act (“ACA”) apply to these seasonal employees that many of you have retained from year to y…
http://oilandenergyonline.com/articles/all/how-determine-company-requirements-under-aca/

Five Questions to Ask Before Diversifying Your Product Line

Diversification is not a new concept in the fuel oil and propane industry. Many — if not most — energy retailers have long ago moved beyond offering just fuel delivery. The reasons are many, including having a “backup” revenue source, maintaining a revenu…
http://oilandenergyonline.com/articles/all/five-questions-ask-diversifying-your-product-line/

How Much Should You Pay a Salesperson?

Maintaining a steady flow of new oilheat or propane customers, along with equipment sales and service, is the lifeblood of any retail energy company. Unless you have the time to spend seeking out prospects and following up sales leads, having a sales staf…
http://oilandenergyonline.com/articles/all/how-much-should-you-pay-salesperson/

Happily Ever After

How did you meet your spouse? Was it a blind date? Were you “set up” by a mutual friend? Did you find each other through an online dating app? Or perhaps you researched your potential mates’ bank accounts and chose the one with the highest balance.
http://oilandenergyonline.com/articles/all/happily-ever-after/

Background Checks Can Strengthen a Workforce

Many business owners would agree that one of the most difficult aspects of running a successful operation is finding employees who possess suitable work ethics and who will remain on the job for an extended period of time. A high turnover rate can come at…
http://oilandenergyonline.com/articles/all/background-checks-can-strengthen-workforce/

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