At ICS Asset Management Services, we understand the complexities of equipment appraisals. One crucial aspect that often gets overlooked is the concept of value definition. This seemingly simple term can significantly impact the outcome of your appraisal, potentially affecting your business's financial health. Here's why understanding value definitions matter in equipment appraisals is critical. Why
Over the past few years, there has been a growing trend toward sustainability in all aspects of business. This trend includes the material handling industry, with an increasing demand for more sustainable equipment and practices. This blog looks at the growing demand for sustainability in material handling equipment appraisals, how it impacts the industry, what it means
There are many requirements to consider with the IRS & non-cash charitable donations. Non-Cash charitable donations by a business entity can be a red flag to the IRS unless done right! The Internal Revenue Service follows specific requirements regarding the valuation of donated properties and the substantiation of charitable contribution deductions. Recently, a client had
Ever had to consider an Ad Valorem tax appeal for your business? Business owners who provide independent equipment values researched by an experienced certified equipment appraiser are more successful in their tax appeal. Case in point, an appeal for an injection molding plant, our equipment appraisal report discussed the global financial downturn of 2008-2010: an
Successful acquisitions include equipment appraisals. Sellers almost invariably overestimate the value of their equipment. The only way to get an accurate estimate is through a professional, industry-specific certified equipment appraisal, the results of which probably will be surprising to many. The surprise I’m referring to here is usually not a pleasant one. I can't tell
