News Archive

Three Factors to Consider When Purchasing Capital Equipment for Your Convenience Store

Choosing to invest in upgrading your business, whether it’s new gas pumps financed to grow your sales or upgrading underground storage tanks to meet updated EPA regulations, is an important decision.  In making any investment decision, your first consideration should always be the return on your investment (ROI). 

In determining your ROI, there are three components to consider:

  • What is the cost of the equipment or investment?
  • What will the equipment earn?
  • What could happen to make the return on investment different than you expect?
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Identify Theft – What should small business owners do to protect themselves?

Protecting your social security number may not be the only number to safeguard if you run a business.  Your company may have an Employee Identification Number (EIN), which is the business version of a social security number and used to identify it.  An EIN is needed to open bank accounts or take out credit, but it doesn't have the same protections that an individual's social security number benefits from.  Theft of EINs allows fraudsters to potentially open up lines of credit in the company's name or empty bank accounts.

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Tax Time - Are You Optimizing Your Capital Depreciation?

Every year at this time, business owners reflect on the taxes that they are paying.  A recent Wall Street Journal article1 highlighted the fact that the average tax rate for larger U.S. corporations is 21.2%2, noting “most mid-size and smaller firms pay much higher rates.”

One tax strategy that gas stations can use to lower their taxes and improve their cash flow is Section 179. This tax incentive enables those purchasing new or used capital equipment or making site improvements to capture benefits in the current tax year.

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What’s the future of gas sales in the U.S.?

If you’re thinking about buying or financing new gas pumps, you may be wondering what the outlook for gas consumption in the U.S. is.  PEI (link to PEI.org) President Rick Long shares his perspective on the outlook for electric vehicles, ride sharing and car sharing in this editorial from PEI’s TulsaLetter.

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What Does The 2020 EMV Date Extension Mean For Your Dealers?

When Visa, MasterCard, and American Express announced the extension of the EMV forecourt liability shift from 2017 to 2020, there were two similar reactions from different camps in the industry for vastly different reasons.

- Smiles from fuel marketers who’ve already updated the majority of their sites and who see the extension as an opportunity to differentiate, and get a better ROI on that investment.

- Cheers from marketers who expected the date to be pushed back, and don’t plan to do anything for another three years. 

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November 2016 Industry News from Patriot Capital

Interest Rates Forecast To Rise In December

The consensus opinion is that U.S. central bankers will hold interest  rates until after the November election, with an increase expected "relatively soon."  This points to an increase at the Fed's December meeting.

An advantage of equipment financing is that interest rates are fixed, not variable, for the full length of the agreement.  For more information, read this story from Bloomberg

 

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October 2016 Industry News From Patriot Capital

Can You Learn From McDonald's 2020 Concept?

McDonald's newest concept store employs a wide range of technology and customer engagement strategies to transform their traditional experience.  Are some of these techniques strategies that can improve your sites customer experience, operating efficiency or average sale?  This article provides a sneak peek at the concept store in St. Josephs, MO.

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