Blog: Blog
How to Update QIP Assets in Sage Fixed Assets

How to Update QIP Assets in Sage Fixed Assets

Qualified Improvement Property (QIP) now has a 15-year GDS life and is eligible for bonus depreciation! The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) fixed an important technical error in the Tax Cuts and Jobs Act of 2017 (TCJA). Qualified...

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Qualified Improvement Property (QIP) CARES Act Fix

Qualified Improvement Property (QIP) CARES Act Fix

The Qualified Improvement Property (QIP) tax glitch has been fixed! The QIP CARES Act fix allows for QIP placed in service in 2018 and later to be eligible for bonus depreciation, and has a GDS depreciation life of 15 years (20 years ADS). Shortening the life of QIP...

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Paragon Continues to Serve Clients During COVID-19 Crisis

Paragon Continues to Serve Clients During COVID-19 Crisis

These are extraordinary times and our daily routines have rapidly changed. We want to assure you that Paragon has taken action to protect the health and safety of our employees and clients, while also providing ongoing service and support to our clients. We are, and...

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Fixed Asset Tax-Extenders in Year-End Spending Package

Fixed Asset Tax-Extenders in Year-End Spending Package

The long wait is over! The Further Consolidated Appropriations Act, 2020, was signed into law on December 20, 2019, avoiding a federal government shutdown. The year-end spending bill, H.R. 1865, includes several fixed asset tax provisions that may benefit you. In...

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Section 179D Energy Tax Credits Extension

Section 179D Energy Tax Credits Extension

On December 10, 2019, with the intent to fund the federal government through fiscal year 2020, Congress passed six appropriations omnibus or “minibus” bills (H.R. 1865). The $447 billion spending measure includes some tax and other provisions, including a provision...

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Cash Flow and ROI Strategies for Hotel Buyers and Investors

Cash Flow and ROI Strategies for Hotel Buyers and Investors

Increased cash flow and return on investment – two key concerns if you’re a hotel buyer or investor. Here are some strategies for tax savings that you can employ to reduce income taxes, increase cash flow and accelerate your return on investment. Allocation of...

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Sage Summit 2020 Date and Location Announced

Sage Summit 2020 Date and Location Announced

Sage recently announced the date and location of Sage Summit US 2020. It will be held May 12-14 in Orlando, Florida at the Gaylord Palms Resort. According to the Sage website, Sage Summit US will bring together Sage customers, partners, and accountants from around the...

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Sage Fixed Assets – Vehicle Safe Harbor Tax Law Changes

Sage Fixed Assets – Vehicle Safe Harbor Tax Law Changes

The IRS issued long-awaited changes to the vehicle safe harbor tax law rules on February 13, 2019, after Sage released its Sage Fixed Assets 2019.1 updates. Know that Sage is aware of these changes, and they are planning an update for these new rules to enable you to...

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