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Friday, September 30, 2022

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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… https://oilandenergyonline.com/articles/all/beyond-numbers-energy-industry-insights/

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 …
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… https://oilandenergyonline.com/articles/all/gray-gray-grays-2018-energy-survey-results/

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.
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… https://oilandenergyonline.com/articles/all/happily-ever-after/

Breaking the Glass Ceiling

There are vibrant, capable, intelligent women leading heating and energy companies,, running trade associations, and so well woven into our construct that their positions raise no eyebrows. And that might be the most interesting point of all.
The discussion of women in the energy industry, especially at the downstream, retail level, seems at once overdue, important, and perhaps surprisingly unremarkable. There are… https://oilandenergyonline.com/articles/all/breaking-glass-ceiling/

Meeting the Recruitment Challenge

Ask any energy company owner about the biggest challenge they face, and the reply will likely be the difficulty of finding qualified workers to fill open positions. This growing disparity between the number of available jobs and the number of skilled work…
Ask any energy company owner about the biggest challenge they face, and the reply will likely be the difficulty of finding qualified workers to fill open positions. This growing… https://oilandenergyonline.com/articles/all/meeting-recruitment-challenge/

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…
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… https://oilandenergyonline.com/articles/all/irs-issues-special-one-time-claim-procedures-retroactive-tax-credits/

The Most Important Things to Know About the New Tax Law

The Tax Cuts and Jobs Act passed on December 20, 2017 represents the most comprehensive overhaul of the federal tax laws in nearly 40 years, with many provisions related to energy businesses.
The Tax Cuts and Jobs Act was passed by Congress on December 20, 2017 and signed by the president on December 22, 2017. It represents the most comprehensive overhaul of the… https://oilandenergyonline.com/articles/all/most-important-things-know-about-new-tax-law/

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.
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… https://oilandenergyonline.com/articles/all/gray-gray-gray-releases-2017-propane-survey-results/

Energy Industry Highlights of the Tax Cuts & Jobs Act

DISCLAIMER: This article highlights key provisions in the 500-page tax reform bill. It is not a comprehensive explanation of changes to the tax code, nor is it intended for use as tax guidance or advice. Readers should consult with a qualified tax profess…
DISCLAIMER: This article highlights key provisions in the 500-page tax reform bill. It is not a comprehensive explanation of changes to the tax code, nor is it intended for use as… https://oilandenergyonline.com/articles/all/energy-industry-highlights-tax-cuts-jobs-act/

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…
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… https://oilandenergyonline.com/articles/all/background-checks-can-strengthen-workforce/

Not-So-BRITE Ideas

Exploring some of the most common mistakes and misconceptions surrounding BI So you’ve decided to step into the great unknown that is BI software … what now? What exactly are you going to get out of this thing? How hands-on do you have to be with it? Do …
Exploring some of the most common mistakes and misconceptions surrounding BI So you’ve decided to step into the great unknown that is BI software … what now? What exactly are you… https://oilandenergyonline.com/articles/all/not-so-brite-ideas/

Gray, Gray & Gray Releases 2017 Survey Results

Dealers experienced relative normalcy despite odd weather
Dealers experienced relative normalcy despite odd weather Gray, Gray & Gray, LLP Certified Public Accountants of Canton, MA, recently released the results of the firm’s 2017… https://oilandenergyonline.com/articles/all/gray-gray-gray-releases-2017-survey-results/

Payment Processing Today is a Whole Different Animal

Integrated software solutions help dealers respond to changes in customer expectations
Integrated software solutions help dealers respond to changes in customer expectations Forget about fuel delivery for a moment. Think about the last time you checked out the… https://oilandenergyonline.com/articles/all/payment-processing-today-whole-different-animal/

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…
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… https://oilandenergyonline.com/articles/all/assume-nothing/

A Slow Merge Onto Acquisitions Expressway

Cetane Associates’ Steven Abbate and Oilheat Associates’ John Levey trade tips for buyers and sellers
Cetane Associates’ Steven Abbate and Oilheat Associates’ John Levey trade tips for buyers and sellers According to Gray, Gray & Gray, LLP, 37% of retail fuel oil and propane… https://oilandenergyonline.com/articles/all/slow-merge-acquisitions-expressway/

Fill Your Car’s Gas Tank by Smartphone

There are a growing number of startups around the country that would like to replace a trip to the local gas station with on-demand fueling. Tap an app, and they’ll bring the gas to you, filling your car while you’re at work, or at night while you sleep. …
There are a growing number of startups around the country that would like to replace a trip to the local gas station with on-demand fueling. Tap an app, and they’ll bring the gas… https://oilandenergyonline.com/articles/all/fill-your-cars-gas-tank-smartphone/

Better Negotiations Lead to Better Outcomes

Family businesses can increase their potential for success and avoid missteps by learning the finer points of negotiation for both business and personal relationships.
Family businesses can increase their potential for success and avoid missteps by learning the finer points of negotiation — an activity that permeates many essential business… https://oilandenergyonline.com/articles/all/better-negotiations-lead-better-outcomes/

Gray, Gray & Gray Surveys Propane Marketers

Gray, Gray & Gray, of Canton, MA, the energy industry’s leading accounting and business advisory firm, recently released the results of a broad survey of propane retailers in the six-state New England region. This is the first time the firm has surveyed p…
Gray, Gray & Gray, of Canton, MA, the energy industry’s leading accounting and business advisory firm, recently released the results of a broad survey of propane retailers in the… https://oilandenergyonline.com/articles/all/gray-gray-gray-surveys-propane-marketers/

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…
While benchmarking information is available on what oil and propane companies typically pay their drivers, dispatchers, salespeople and other employees, the data is less… https://oilandenergyonline.com/articles/all/how-much-should-you-pay-yourself/

Using Financial Data to Control Costs

Gaining the upper hand on your costs can sometimes seem like an overwhelming task. But by applying some common sense “best practices” to the way you collect, measure and apply the financial data found in your company’s books, you actually have an opportun…
Gaining the upper hand on your costs can sometimes seem like an overwhelming task. But by applying some common sense “best practices” to the way you collect, measure and apply the… https://oilandenergyonline.com/articles/all/using-financial-data-control-costs/

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