Category Archives: Desk News

The Pump- April 2014

I recently attended the Truckload Carriers Association (TCA) annual conference in Dallas less than two weeks ago. This was the first time Sokolis Group had participated. It was also the first time I’ve ever been in Texas and what they say about everything being bigger held true. The conference had a pretty good turnout. It wasn’t the biggest I’ve been to in terms of attendees, but it wasn’t the smallest either. The venue on the other hand was definitely gigantic!

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The Humming Sound of Winter

A winter power outage is no picnic – especially during a sub-zero arctic blackout. A standby generator is a great insurance policy against spending the night in a crowded hotel or, worse yet, a relative’s house. A generator is a handy item for many purposes. If you were one of the lucky ones as I was you were without power after the storm hit the Northeast beginning of February. So the purpose of my generator at that moment is providing power for my home. Lucky we have a natural gas generator hooked up to our house so with our 6 month old we are able to continue life as “normal” as you can with power. However as my husband would say your generator does need regular maintenance checks, to ensure that when you do actually need it, it will function as required. Here are some maintenance checks you should do to make sure your generator will work when you need it the most.

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Are You Overpaying Taxes on Fuel?

Periodically throughout the year, Sokolis Group gathers all of the changes made to taxes charged for fuel. It’s a tedious task to sift through the information scattered across the internet for each state. Even though there are web sites that consolidate fuel tax rates in one place, identifying potential exemptions takes more research than just glancing at summarized data. That usually means a visit to a state’s site and digging into their tax regulations.

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Not All Fuel Discounts Are Created Equal

iStock_000037336778_Small.jpgThere’s a lot more to managing fuel then just a discount. Fuel vendors want you to believe you are getting the best price possible. In most cases, a customer has no idea how they compare to another company buying the similar amount of gallons. Truth be told. Every company’s fuel buying program can be improved. Sokolis Group manages over 300 million gallons of diesel fuel. We know where a company of your size needs to be buying at.

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Fuel Taxes Taking a New Route?

As a CPA, I’ve been dealing with taxes for my entire career. To be honest, it’s a part of my job that I really don’t enjoy. There are so many different tax rates and so many inconsistencies when comparing different states, or even counties within the same state. Plus, taxes are always changing! For me, it’s a never-ending battle to stay on top of taxes, especially fuel taxes which are an important component of fleet fuel management.

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Which Way Will Diesel Fuel Go! Probably Several Ways!

I’m a diesel fuel price geek, what can I say. I make my living understanding this stuff. As I was preparing to write my annual projections on diesel fuel prices, I started to wonder, is there any trend that no one is talking about? The Energy Information Administration (EIA) projected 2014 to be $3.77 a gallon, but that was only a month after they predicted diesel fuel would be $3.73 a gallon. My guess, they will probably be wrong on both.

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