News

COVID-19: Valuing Machinery & Equipment from a Distance

By |2020-05-19T17:36:24+00:00May 19th, 2020|News|

In normal circumstances, ICS’s machinery & equipment (M&E) team prefers getting up close and personal with the assets they value. This approach is challenging due to restrictions on travel and personal contact implemented as a result of the coronavirus pandemic. By leveraging technology tools and strong partnerships with clients, M&E appraisers are quickly adapting to

Make Your CPA Happy with a Certified Equipment Appraisal

By |2020-04-09T18:17:32+00:00April 9th, 2020|News|

Make Your CPA Happy with a Certified Equipment Appraisal Another way you can help your bottom line is to make your CPA happy with a certified equipment appraisal, so they spend less time working on your taxes. You are likely paying your CPA by the hour to do your taxes. For every piece of equipment

Think of an Equipment Appraisal as a Business Planning Tool

By |2020-04-02T15:37:38+00:00April 2nd, 2020|News|

Think of an equipment appraisal as a business planning tool.  A savvy business owner isn’t just looking at their business today but also looking at how the business might look in the future. You might be looking for that next new contract, wanting a better understanding of the equity that equipment can tie up, or

It’s Tax Time! Why You Need Equipment Appraisals

By |2020-03-26T19:48:28+00:00March 26th, 2020|News|

It’s Tax Time! Why You Need Equipment Appraisals Whether you do your own taxes or you have a tax professional help you with your taxes, you are going to have to deal with detailing your assets and calculating depreciation of your vehicles and equipment. Sure, you can guess what these numbers are, and some tax

Steps to Improve your Desktop Appraisal

By |2020-03-19T19:34:24+00:00March 19th, 2020|News|

If a desktop appraisal for equipment or machinery that is owned by your business but is not available for inspection, there are steps that you can take to get the most from your desktop appraisal. Provide as much information as possible – Keeping detailed records of each piece of equipment is the best way to

When is a Desktop Appraisal Practical?

By |2020-03-11T21:59:29+00:00March 11th, 2020|News|

A desktop appraisal is pretty much exactly what it sounds like. These appraisals are done without the benefit of an inspection and are based on information that is provided by the owner of the equipment. Desktop appraisals can be certified if done by a qualified appraiser. Still, they are often considered less reliable and informative

How Does the Value of Your Business Affect Estate Planning?

By |2020-01-15T19:17:04+00:00January 15th, 2020|News|

    Most of us are interested in estate planning (at some point), and owning a business mandates the need to understand the value of your business as part of the planning exercise. A business typically represents a very large, if not the most significant asset on your balance sheet. One of the main goals in the

The Importance of Purchase Price Allocation

By |2020-01-09T15:18:40+00:00January 9th, 2020|News|

The importance of Purchase Price Allocation when buying or selling business assets. Have you recently purchased or acquired another business? Congratulations! Did you know that a merger or acquisition often involves additional tax and financial reporting requirements? One of the most common reporting requirements is a Purchase Price Allocation (PPA).  Why is it essential to

Why Have Equipment Appraisals After a Purchase?

By |2019-11-26T16:05:17+00:00November 26th, 2019|News|

If you have just purchased a large piece of equipment, then you may wonder why you would need to have a machinery valuation done. After all, wouldn't the equipment be worth the price you just paid for it? Not necessarily.  Read further to understand why you still need to have equipment appraisals after a purchase.

Why is it Essential to Hire a Qualified Appraiser?

By |2019-11-20T20:31:03+00:00November 20th, 2019|News|

Why is it essential to hire a qualified appraiser? When it comes to appraising, there is no room for error. By definition, an appraisal is an objective, impartial, and unbiased opinion of defined value completed by a competent, ethical, and qualified appraiser. It requires an understanding of the client’s machinery and equipment appraisal problem, and