Wednesday, November 20, 2019

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Why Now is the Best Time to Buy Equipment

Thinking about adding a new truck to your delivery fleet? Need to upgrade your service vans? Does your office building need a new roof? Now is the time.
Thinking about adding a new truck to your delivery fleet? Need to upgrade your service vans? Does your office building need a new roof? Now is the time. As we plunge into a new… http://oilandenergyonline.com/articles/all/why-now-best-time-buy-equipment/

The Future Is Now

Next Gen Leaders & Women in Energy position fuel professionals for success
The 2019 HEAT Show kicked off Sunday, September 15 with the launch of the Next Gen Leaders Program, a series of education sessions structured around the needs of the industry’s… http://oilandenergyonline.com/articles/all/future-now/

What Kind of Acquisition Will You Make?

Know how to structure the deal and the reasons behind it
Did you know that there are two distinct types of acquisitions in the energy industry? And the type of acquisition you make will affect your negotiations when striking a deal.… http://oilandenergyonline.com/articles/all/what-kind-acquisition-will-you-make/

Will a Personnel Shortage Threaten Your Season?

A simple solution might be right in front of you…
The biggest challenge facing fuel oil and propane dealers as they head into the coming heating season will not be supply, pricing, or pipeline gas conversions. The problem will be… http://oilandenergyonline.com/articles/all/will-personnel-shortage-threaten-your-season/

NEFI Announces New Advanced Education Programs

Updated Management and Executive Courses Address Leading Companies to a Successful Net-Zero Carbon Future
After a successful launch in 2019, NEFI Advanced Education announced that it will again offer the Management Development and Energy Leaders programs for 2019-2020. These sessions… http://oilandenergyonline.com/articles/all/nefi-announces-new-advanced-education-programs/

Connecticut Enacts Paid Family & Medical Leave

Withholdings begin January 1, 2021, benefits available January 1, 2022
This article was originally published by USI Insurance Services and is reprinted here with their expressed permission. On June 25, 2019, Connecticut Governor Ned Lamont signed… http://oilandenergyonline.com/articles/all/connecticut-enacts-paid-family-medical-leave/

Record Turnout for Women in Energy Conference

Tough talks and words of wisdom at the highly attended fourth annual event
A record number of attendees joined Women in Energy for their annual conference held Sunday, May 19 and Monday, May 20 at the Hershey Lodge & Convention Center in Hershey, PA. The… http://oilandenergyonline.com/articles/all/record-turnout-women-energy-conference/

How I Spent My Summer Vacation

Four things to do this summer to prepare for next winter
Are you enjoying a leisurely summer? Not likely. The “dog days” are no time to slack off when there is so much work to do to get ready for the upcoming heating season. Just as our… http://oilandenergyonline.com/articles/all/how-i-spent-my-summer-vacation/

Gray, Gray & Gray 2019 Energy Industry Survey Results

Retailers report better marketing, wider margins and bigger plans for the future
Gray, Gray & Gray, LLP Certified Public Accountants, of Canton, Massachusetts, has released the results of the firm’s 2019 Energy Industry Survey. The survey, which has become a… http://oilandenergyonline.com/articles/all/gray-gray-gray-2019-energy-industry-survey-results/

Is Now the Right Time to Acquire Another Company?

Acquiring another propane or fuel oil company can be a great way to grow your business. Expanded revenues and a larger geographic footprint can help boost efficiencies and contribute to a stronger bottom line. But any merger or acquisition must be approac…
Acquiring another propane or fuel oil company can be a great way to grow your business. Expanded revenues and a larger geographic footprint can help boost efficiencies and… http://oilandenergyonline.com/articles/all/now-right-time-acquire-another-company/

Treasury Issues Final Rules on 20% Business Tax Deduction

In January, the Treasury Department issued final regulations and other guidance on a substantial provision of the Tax Cuts and Jobs Act (TCJA). The bill allows owners of sole proprietorships, partnerships, trusts, and S corporations to deduct up to 20 per…
In January, the Treasury Department issued final regulations and other guidance on a substantial provision of the Tax Cuts and Jobs Act (TCJA). The bill allows owners of sole… http://oilandenergyonline.com/articles/all/treasury-issues-final-rules-20-business-tax-deduction/

Make a Good Year Even Better

Another heating season has come to a close, and many fuel oil and propane dealers across the northern U.S. are pleased with the outcome. While snowfall amounts may have frustrated skiers by coming up short of expectations, temperatures did not disappoint.…
Another heating season has come to a close, and many fuel oil and propane dealers across the northern U.S. are pleased with the outcome. While snowfall amounts may have frustrated… http://oilandenergyonline.com/articles/all/make-good-year-even-better/

6 Signs You Should Sell Your Business

The only thing harder than knowing the right time to start a business is recognizing when to sell it. Choosing to sell the fuel oil or propane company that you have nurtured and guided for so long can be a difficult decision. There are practical considera…
The only thing harder than knowing the right time to start a business is recognizing when to sell it. Choosing to sell the fuel oil or propane company that you have nurtured and… http://oilandenergyonline.com/articles/all/6-signs-you-should-sell-your-business/

9 Steps to Preparing Your Successor

As a business owner, you want to build an organization that will continue to flourish after you have retired. That is particularly true in the fuel oil and propane industry, where family-owned companies are common. Yet the incidence of a family business b…
As a business owner, you want to build an organization that will continue to flourish after you have retired. That is particularly true in the fuel oil and propane industry, where… http://oilandenergyonline.com/articles/all/9-steps-preparing-your-successor/

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…
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… http://oilandenergyonline.com/articles/all/five-questions-ask-diversifying-your-product-line/

RINderella – A Fuel Story

“How do RINs work and who profits?” Those were the questions Sandra Dunphy attempted to answer at the Southern New England Energy Conference, September 25. It’s a tall order for anyone, because the Renewable Identification Number (RIN) market is notorious…
“How do RINs work and who profits?” Those were the questions Sandra Dunphy attempted to answer at the Southern New England Energy Conference, September 25. It’s a tall order for… http://oilandenergyonline.com/articles/all/rinderella-fuel-story/

Boosting Benefits

Having a hard time hiring good people to work at your propane or fuel oil company? Struggling to keep experienced people? Welcome to the new world facing employers. The robust economy has made finding and hiring qualified workers a monumentally difficult …
Having a hard time hiring good people to work at your propane or fuel oil company? Struggling to keep experienced people? Welcome to the new world facing employers. The robust… http://oilandenergyonline.com/articles/all/boosting-benefits/

Business Intelligence Is At Your Fingertips

“Business intelligence” sounds like James Bond style, cloak-and-dagger corporate spying. The reality is a little more mundane, although no less thrilling if you are responsible for running a profitable fuel oil or propane business.
“Business intelligence” sounds like James Bond style, cloak-and-dagger corporate spying. The reality is a little more mundane, although no less thrilling if you are responsible… http://oilandenergyonline.com/articles/all/business-intelligence-your-fingertips/

Massachusetts Establishes Paid Family and Medical Leave Act

On June 28, 2018, Massachusetts Governor Charlie Baker signed into law a bill that provides for Paid Family and Medical Leave. The bill includes paid family and medical leave, a multi-year phase-in to $15 per hour minimum wage, and an annual sales tax hol…
This article was originally published by USI Insurance Services and is reprinted here with their expressed permission. On June 28, 2018, Massachusetts Governor Charlie Baker… http://oilandenergyonline.com/articles/all/massachusetts-establishes-paid-family-and-medical-leave-act/

Beyond the Numbers: Energy Industry Insights

For the past 27 years Gray, Gray & Gray has conducted an annual survey of the retail energy industry. What started as a brief (10 questions) questionnaire to discover what challenges dealers were facing has evolved and expanded into a comprehensive examin…
For the past 27 years Gray, Gray & Gray has conducted an annual survey of the retail energy industry. What started as a brief (10 questions) questionnaire to discover what… http://oilandenergyonline.com/articles/all/beyond-numbers-energy-industry-insights/

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