The statements on gift taxes in the IRS Pension Protection Act of 2006 and the aspirational best practices for dealing with the IRS laid out in Circular 230, both of which we’ll discuss in later posts, state the importance of accountants verifying the values of equipment and machinery by securing a certified appraisal. Good accountants […]
Attorneys frequently work on cases that involve the value of a business’ physical assets, such as machinery and equipment, but oftentimes rely on the client’s estimates, follow a depreciation schedule, or guess at their value rather than rely on a certified machinery and equipment appraisal. Even value estimates put forth by an uncertified auctioneer or […]
Over the past couple of years, bankers and lenders have been actively seeking new ways to reduce their liability when making loans. Often, lenders are asked to make a lending decision that involves knowing the value of a piece of machinery or equipment, and one of the best ways they can protect themselves is by […]
Approximately 400 NEBB Institute members worldwide have found that the CMEA professional designation increased their bottom-line profitability just by adding the CMEA designation to their businesses, as we discussed in our post, Real Estate Appraisers Expand Services by Offering Certified Machinery and Equipment Appraisals. And joining NEBB Institute can help you to further reduce the […]
Last week, in our post titled “Getting a CMEA Designation,” we said that appraisers who become certified through the NEBB Institute must promise to adhere to the ethical standards of the Uniform Standards of Professional Appraisal Practice (USPAP). USPAP is a quality control document that was first written in the late 1980s by The Appraisal […]
Last week, in our post titled “Real Estate Appraisers Expand Services by Offering Certified Machinery and Equipment Appraisals,” we discussed the success some real estate appraisers have experienced by adding machinery and equipment appraisal services to their list of offerings. If you’re a real estate appraiser and would like to expand your service offerings by […]
Many real estate appraisers have found that their flow of business has all but ground to a halt due to sluggish real estate sales, the mortgage crisis, confusion regarding the Home Valuation Code of Conduct (HVCC), and lingering uncertainty about the economy. Some companies have been forced to close their doors; however, others have diversified […]
Late last month, the NEBB Institute issued a press release over PR Newswire, and we wanted to make sure that all of our members had the chance to read it. Follow the link, or read the full text below. Economic Crisis Underlines Importance of Certified Appraisals, According to the NEBB Institute Wichita, Kan., Since the economic […]
Today marks the National Equipment and Business Builders (NEBB) Institute’s entry into the blogging world. Those already familiar with our organization know about our belief in the importance of professional education and stricter financial controls in appraising, and our conviction that the role small businesses play in the U.S. economy is a vital one. Our […]
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The National Equipment & Business Builders (NEBB) Institute provides initial and monthly comprehensive education, on-going support, a dynamic international network, and certifies professionals in the art of machinery/equipment appraisal and brokerage.
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