Despite Covid-19 Pandemic US Economy Continues Road to Recovery - After severe declines in equipment and software investment in Q1/20 and Q2/20 due to the effects of the COVID-19 pandemic, investment in equipment and software recovers in Q3/20 as the U.S. economy began to reopen, according to the 2020 Equipment Leasing & Finance U.S. Economic Outlook
Manage your assets with superior management services from ICS Asset Management Services Inc. ISC provides a comprehensive line of asset valuation and portfolio management services, including asset inspections, inventory compilation, and equipment valuation. As President and owner, Dawn Moesser has over 25 years of experience. If your industry revolves around machinery, take a moment to
Business owners and Executives often wonder why they need to have machinery and equipment appraised, but these appraisals are important components of business today. Typically, appraisals are performed because of buy/sell agreements, mergers and acquisitions, business valuations, partnership dissolutions, insurance, bankruptcy, property taxes, financing, and Small Business Administration lending. Other reasons would be divorce, estate
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 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. 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 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
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
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
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
