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Friday, September 30, 2022

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Towards a Drug-Free Workplace

Thirty-three percent. According to the Small Business Administration (SBA), 33 percent is the amount of productivity companies lose when they hire employees with drug and alcohol problems. A related study by the SBA also points to the increased risk of…
Thirty-three percent. According to the Small Business Administration (SBA), 33 percent is the amount of productivity companies lose when they hire employees with drug and alcohol… https://oilandenergyonline.com/articles/all/towards-drug-free-workplace/

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, founded by her grandfather, and in 1994 she stepped into the company presidency as a 24-year-old.
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… https://oilandenergyonline.com/articles/all/love-oilheat/

Good Bookkeeping Pays

Veteran energy marketer and consultant Sean Cota says fuel companies are complex operations, and owners need to implement effective bookkeeping and accounting practices in order to get a firm grasp on their costs.
Veteran energy marketer and consultant Sean Cota says fuel companies are complex operations, and owners need to implement effective bookkeeping and accounting practices in order… https://oilandenergyonline.com/articles/all/good-bookkeeping-pays/

‘Non-Negative’ Results Require Proper Handling

All Department of Transportation (DOT)-regulated businesses that operate vehicles with a Gross Vehicle Weight Rating or Combination Weight Rating of at least 26,001 pounds are required to have a Drug & Alcohol Testing Program in place.
As addressed in previous articles, all Department of Transportation (DOT)-regulated businesses that operate vehicles with a Gross Vehicle Weight Rating or Combination Weight… https://oilandenergyonline.com/articles/all/non-negative-results-require-proper-handling/

Gray, Gray & Gray Publishes Survey Results

Gray, Gray & Gray, LLP Certified Public Accountants, of Canton, MA (www.gggcpas.com), recently released the results of the firm’s 25th annual Energy Industry Survey. The survey was distributed to retail fuel oil and propane dealers throughout the Northeas…
Gray, Gray & Gray, LLP Certified Public Accountants, of Canton, MA (www.gggcpas.com), recently released the results of the firm’s 25th annual Energy Industry Survey. The survey… https://oilandenergyonline.com/articles/all/gray-gray-gray-publishes-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.
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… https://oilandenergyonline.com/articles/all/grow-your-business-your-way/

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… https://oilandenergyonline.com/articles/all/visions-conference-brings-marketers-together/

Prepare for New Overtime Rules

If you have salaried employees who are considered exempt from earning overtime pay, you need to know the rules are about to change.
If you have salaried employees who are considered exempt from earning overtime pay, you need to know the rules are about to change. The Department of Labor’s proposed changes… https://oilandenergyonline.com/articles/all/prepare-new-overtime-rules/

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.
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. If those outcomes… https://oilandenergyonline.com/articles/all/heart-mind/

Feeding the Talent Pipeline

Keeping a service team staffed with skilled technicians is a daunting challenge for some Oilheat companies. Many top technicians are nearing retirement age, and the ambitious, young technical minds that could replace them often gravitate to other industri…
Keeping a service team staffed with skilled technicians is a daunting challenge for some Oilheat companies. Many top technicians are nearing retirement age, and the ambitious,… https://oilandenergyonline.com/articles/all/feeding-talent-pipeline/

Prepare for Anything and Everything

Most of my clients have made money in the retail heating oil business over the last 12-plus months, and it’s no surprise. Two years of low product prices with plentiful supply, a “once in 100 years” winter last year that carried cold temperatures well int…
Most of my clients have made money in the retail heating oil business over the last 12-plus months, and it’s no surprise. Two years of low product prices with plentiful supply, a… https://oilandenergyonline.com/articles/all/prepare-anything-and-everything/

Secure Your Data Like It Was Your Home

Energy marketers need to store and move a lot of data in electronic formats to meet today’s customer service expectations and operate their businesses efficiently.
Energy marketers need to store and move a lot of data in electronic formats to meet today’s customer service expectations and operate their businesses efficiently. An… https://oilandenergyonline.com/articles/all/secure-your-data-it-was-your-home/

Depreciation: Yesterday, Today and Tomorrow

When you purchase new equipment or make improvements to your company’s facility, it is almost always best if you can take a tax deduction as soon as possible, preferably on your very next tax return. But that has not always been the case. Some capital inv…
When you purchase new equipment or make improvements to your company’s facility, it is almost always best if you can take a tax deduction as soon as possible, preferably on your… https://oilandenergyonline.com/articles/all/depreciation-yesterday-today-and-tomorrow/

Advice on ACA and Overtime Rules

Two of the most pressing challenges facing small and mid-size business owners today are the looming deadlines for Affordable Care Act (ACA) compliance and the pending changes to overtime regulations.
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… https://oilandenergyonline.com/articles/all/advice-aca-and-overtime-rules/

Emissions Scandal Triggers Investigations

When Volkswagon got caught cheating on emissions, it came as a huge blow to just about everyone – their employees, their customers and even the public. Volkswagen was a leader in clean diesel technology – how did this happen?
Right from the start, Volkswagen has built up its brand based on innovative engineering and technology. So when the company got caught cheating on emissions, it came as a huge… https://oilandenergyonline.com/articles/all/emissions-scandal-triggers-investigations/

Avoid Double Taxation When You Sell Your Company

The successful rebound of the retail energy sector over the past two years has led to a surge in merger and acquisition activity. Many dealers are looking to exit the business while their companies can command top dollar, and others are just as eager to a…
The successful rebound of the retail energy sector over the past two years has led to a surge in merger and acquisition activity. Many dealers are looking to exit the business… https://oilandenergyonline.com/articles/all/avoid-double-taxation-when-you-sell-your-company/

Managing Data Breach Risk

Data Breach is one of the fastest growing crimes in America, and the huge increase in high-profile data breaches should be a loud wake-up call for all business owners – big and small.
Data Breach is one of the fastest growing crimes in America, and the huge increase in high-profile data breaches should be a loud wake-up call for all business owners – big and… https://oilandenergyonline.com/articles/all/managing-data-breach-risk/

Nine Traits of a Successful Family Enterprise

Communicating effectively as a family and a business is essential
Communicating effectively as a family and a business is essential The Center for Family Business in the Peter T. Paul School of Business at the University of New Hampshire has… https://oilandenergyonline.com/articles/all/nine-traits-successful-family-enterprise/

Family Businesses Can Find Support

Centers at UNH and elsewhere provide helpful resources and networking
Centers at UNH and elsewhere provide helpful resources and networking Like many industries in the United States, retail fuel delivery and HVAC service are dominated by… https://oilandenergyonline.com/articles/all/family-businesses-can-find-support/

Does Your Business Need a Shareholder Agreement?

With a solid plan in place, ownership transitions can be orderly
With a solid plan in place, ownership transitions can be orderly We all want to think only good things will happen to us, our families and the people we know. But sometimes,… https://oilandenergyonline.com/articles/all/does-your-business-need-shareholder-agreement/

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