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As the final quarter of the year unfolds, businesses across Iowa and the Midwest are reviewing their financials and preparing for tax season. For many, this is a critical time to make decisions that can influence profitability, tax obligations, and operational efficiency heading into the new year.

One strategy that’s often overlooked? Liquidating unused equipment and assets before December 31. Whether it’s restaurant equipment sitting idle, surplus inventory taking up valuable space, or machinery that’s no longer part of your workflow, selling these items at auction before the year ends can lead to real financial benefits.

Backes Auctioneers, we’ve helped thousands of businesses turn unused assets into cash quickly and efficiently. Our trusted team and streamlined process make year-end liquidation simple and profitable.

The Financial Advantages of Selling Before December 31

Lower Your Taxable Income

The IRS uses the calendar year to determine taxable income. Selling unused assets before year-end may generate tax-deductible expenses or reduce your overall tax liability, especially if the proceeds are reinvested in your business.

Manage Depreciation Recapture

If you’ve depreciated equipment on your taxes, selling it may trigger depreciation recapture, which is taxable. But selling before year-end allows you to plan ahead with your accountant and potentially reduce the impact.

Present a Stronger Financial Snapshot

Idle assets can clutter your books and distort your financial health. Liquidating these items cleans up your balance sheet, which can improve your credit profile and make it easier to secure financing or investment in the new year.

Boost Cash Flow Before the New Year

Year-end is a great time to free up cash. Selling equipment through a fast, effective auction allows you to reinvest in payroll, operations, or Q1 growth projects.

Eliminate Hidden Costs

Old equipment takes up space and can cost you in storage, insurance, and maintenance. Removing these items not only adds cash; it helps you start the year leaner and more efficient.

Book Your Auction Today

Timing Matters: Plan Your Auction Strategically

If you’re planning to take advantage of year-end liquidation, don’t wait.

Best Timing: November Through Mid-December

Scheduling your auction before mid-December gives time for prep, marketing, and final sales to be processed, and for your accountant to apply the results to your 2025 tax planning.

Backes Moves Fast

We understand the urgency of year-end deadlines. Our team can often handle cataloging, promotion, and execution within just a few days. If you’re late in the game, don’t worry, we specialize in fast turnarounds.

What to Expect from the Backes Auction Process

When you partner with Backes, you get:

• Full-service support from inventory review to buyer communication
• Access to a broad network of motivated buyers
• Online auction convenience with efficient, secure payment handling
• Most auctions completed within a week, with proceeds sent shortly after

Sell with Backes Auctioneers

5 Tips for a Smooth Year-End Liquidation

Preparation is key to a successful auction. Here are some practical steps to help you get the most out of your year-end sale:

1. Conduct a Thorough Inventory

Identify assets that are no longer in use or unlikely to be needed in the coming year. Be realistic about what’s taking up space and what’s contributing to your bottom line.

2. Consult Your Accountant

Discuss potential tax outcomes and timing. Every business is different, and a CPA can offer guidance on depreciation and reinvestment strategies.

3. Provide Detailed Asset Information

Buyers are more likely to bid competitively when they have clear information. Include details like brand, model, age, condition, and maintenance history to attract interest.

4. Clean and Organize Assets

Presentation matters. Clean, well-organized items tend to sell faster and for higher prices. Take time to prepare your assets for photography and inspection.

5. Help Promote the Auction

While Backes handles marketing, you can amplify the reach by sharing the auction on social media, notifying your network, and encouraging employees and partners to spread the word.

Why Wait? Book an Auction Today

Why Choose Backes Auctioneers?

We’ve been helping Midwest businesses sell equipment for over 45 years. When results matter and deadlines are tight, you need a partner who knows how to deliver.

Trusted Experience

We’ve managed thousands of auctions across Iowa and the Midwest, helping businesses in industries ranging from food service to manufacturing. Our clients rely on us for dependable service and strong results.

Industry Expertise

Backes specializes in commercial equipment, restaurant assets, real estate, and more. We know how to price, market, and sell your items to the right buyers, helping you get the best return.

Full-Service Support

From consultation to final payout, Backes handles every aspect of the auction process. Our goal is to make liquidation simple, fast, and profitable for our clients.

Ready To Book Your Auction?

If you’re considering a year-end auction, now is the time to act. Visit our Sell Page to book your auction today. Our team is ready to help you meet your goals and finish the year on solid financial footing.