If you haven’t been before then rely on your buddies for most of the gear. If you like it then the fun and expense comes with all the stuff to get you equipped. Right off you need good warm wind proof winter clothing and warm boots. If there isn’t snow on the ice you will need creepers for your boots. Down the road if you want to get set up you will need an auger (most places will require a power auger due to thick ice). If you are fishing perch a 4 ½” hand auger is fine. If you are looking for pan fish like gills then a 6” hand or power auger is needed. If you are doing tip ups for trout or pike then an 8” to 10” or more is needed and that would certainly need to be a power auger. You will need a sled to pull all the equipment out and possibly a portable shanty with heater if you want comfort. I commercially fish almost every day for panfish and 95% of the time I am outside sitting on a bucket. Rods, reels and lures are always a part of it and can add up to some pretty serious expense. Enjoy your initial trips with an experienced buddy and then you can spend your hard earned money getting your own stuff.