In addition to providing ongoing support, a dynamic international network, and certification to professionals in the art of machinery/equipment appraisal and brokerage, part of NEBB Institute’s mission is to provide initial and monthly comprehensive education. And approximately 400 NEBB Institute members coast-to-coast and worldwide have found that the CMEA professional designation increased their bottom-line profitability. […]
In July, we wrote a blog series that defined some common machinery and equipment appraisal terms: fair market value, forced liquidation value, and orderly liquidation value. But there are many more terms the industry uses that can be confusing if you don’t have your own working definition of them, and it’s important that you understand […]
Becoming a Certified Machinery and Equipment Appraiser (CMEA) has been a huge benefit to the business of Present Value LLC. The company has become more diversified by offering a full complement of appraisal services, including certified machinery and equipment appraisals. Chris Kinzie and Chris Spinelli, the owners of Present Value, share some of the benefits […]
We’ve discussed orderly liquidation value and forced liquidation value in recent posts. Today, we’ll explain the third type of value a Certified Machinery and Equipment Appraiser (CMEA) may assign to your assets: fair market value. Fair market value is based on the best price you’d receive for your machinery or piece of equipment if it […]
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 […]
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 […]
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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