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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… https://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… https://oilandenergyonline.com/articles/all/gray-gray-gray-2019-energy-industry-survey-results/

NEFI Energy Leaders Program Declared an Overwhelming Success

See more images from the NEFI Energy Leaders Program in the Oil & Energy Online Photo Gallery NEFI held its Energy Leaders Program March 31-April 5 at the Revers Center for Energy, part of the Tuck School of Business at Dartmouth College. Led by Tuck f…
NEFI held its Energy Leaders Program March 31-April 5 at the Revers Center for Energy, part of the Tuck School of Business at Dartmouth College. Led by Tuck faculty, this weeklong… https://oilandenergyonline.com/articles/all/nefi-energy-leaders-program-declared-overwhelming-success/

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… https://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… https://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… https://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… https://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… https://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… https://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… https://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… https://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… https://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… https://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… 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/

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