Friday, February 21, 2020

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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/

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…
http://oilandenergyonline.com/articles/all/9-steps-preparing-your-successor/

Assume Nothing

Predictive analytics depend on customer data, not marketer presumptions There are two things energy marketers know about their new customers, according to Phil Baratz, president of Angus Energy. First, they know that they don’t know much about new custom…
http://oilandenergyonline.com/articles/all/assume-nothing/

Heart & Mind

When a home comfort company excels at captivating and motivating buyers, it can grow its customer base, expand margins, and make money like never before.
http://oilandenergyonline.com/articles/all/heart-mind/

Avoid a Big Tax Bite When Selling Your Oilheat Business

For somebody in my line of work there is no worse feeling than walking into the closing of the sale of a business, only to have the seller turn to me and ask, “How much will I have to pay in taxes?” Argh!
http://oilandenergyonline.com/articles/all/avoid-big-tax-bite-when-selling-your-oilheat-business/

NTSB Demands Audit of FMCSA

Schadenfruede. That’s not a typo — it’s a (long) German word that means taking pleasure at the misfortune of others. There are going to be plenty of motor carriers feeling that way this month, as the National Transportation Safety Board has laid a broadsi…
http://oilandenergyonline.com/articles/all/ntsb-demands-audit-fmcsa/

Gray, Gray & Gray’s 2018 Energy Survey Results

Gray, Gray & Gray, LLP Certified Public Accountants, of Canton, MA, has released the results of the firm’s 2018 Energy Industry Survey. The survey, which has become a benchmark for heating oil and propane retailers over the past 27 years, was distributed …
http://oilandenergyonline.com/articles/all/gray-gray-grays-2018-energy-survey-results/

How Much Should You Pay Yourself?

While benchmarking information is available on what oil and propane companies typically pay their drivers, dispatchers, salespeople and other employees, the data is less forthcoming when it comes to how much the owner should be paid. One person who has gi…
http://oilandenergyonline.com/articles/all/how-much-should-you-pay-yourself/

Advice on ACA and Overtime Rules

While your focus right now is on delivering heating oil and propane to customers and on keeping their equipment running through the winter, you still have to pay attention to running a business. Two of the most pressing challenges facing small and mid-siz…
http://oilandenergyonline.com/articles/all/advice-aca-and-overtime-rules/

Don’t Fall Victim to Identity Theft

Like individuals, businesses can be exposed to serious financial problems
http://oilandenergyonline.com/articles/all/dont-fall-victim-identity-theft/

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.
http://oilandenergyonline.com/articles/all/why-now-best-time-buy-equipment/

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…
http://oilandenergyonline.com/articles/all/treasury-issues-final-rules-20-business-tax-deduction/

Gray, Gray & Gray Releases 2017 Propane Survey Results

Gray, Gray & Gray, LLP Certified Public Accountants, of Canton, MA, has released the results of its second annual Propane Industry Survey. The firm surveyed propane dealers from six northeastern states.
http://oilandenergyonline.com/articles/all/gray-gray-gray-releases-2017-propane-survey-results/

Grow Your Business Your Way

Marketing and advertising are terms we all know, but what do they really mean to any given energy marketer or home comfort provider? In the second installment of this two-part look at innovative company marketing, the focus is on customization.
http://oilandenergyonline.com/articles/all/grow-your-business-your-way/

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