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There’s Still Time to Make Resolutions!
Okay – January is almost over. But the good news is that all of your resolutions you make by the end of this week still count! Or at least, that’s what we’re going with. The days back at work after the holidays can be busy ones, and business owners are often too busy playing catch-up […]
A Deeper Look at Appraisers
The reason for hiring a CMEA for your machinery and equipment appraisals is abundantly clear — a CMEA is a certified USPAP-compliant expert whose report will stand up to any scrutiny. But let’s think about this for a minute. A doctor is a certified expert who is bound by the same Hippocratic oath as every […]
Selling a Company’s Assets Privately Can Be a Mistake
We often talk here about businesses closing due to lack of business. But what happens when a successful business has to close because of the death of the owner? In these cases, a lot of factors come into play, like differing opinions about what to do with the company’s assets. When multiple family members are […]
A Cautionary Tale of Erroneous Appraisal
Here at NEBB Institute, you may have noticed that we hammer away at the notion of making sure you use a certified appraiser for your appraisals. We speak of the dire consequences of using a non-certified appraiser, but perhaps a real-world example of what can happen is a much more effective red flag. A hospital […]
Trends in Pharmaceutical Equipment
According to an article on PharmTech.com titled “Buying Used Equipment,” purchases and sales of used pharmaceutical equipment is on the rise. According to the article, used lab equipment has been available for a long time, but the availability of used processing equipment has increased over the last decade. The article owes this trend to recognition […]
Appraisals, Donations, and Tax Time
With the holidays winding down, it’s time to look ahead to the new year and one of the less popular events — tax time. When it comes to filing taxes, one of the most overlooked aspects is donations. Donated machinery or equipment with a value over $5,000 requires an equipment appraisal. The IRS has strict […]
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