The COVID-19 pandemic continues to have a profound impact on businesses and their staff. To support their ability to work remotely, Paragon, in partnership with Summit Hosting, is offering 6 months of Free Sage Fixed Assets Cloud Hosting for new hosting customers,...
Many years ago, a large financial firm sought us out to see if we could help them reduce their tax liabilities and improve their cash flow. Through cost segregation and accelerating their asset depreciation schedules, our team of tax and fixed asset experts was able...
The Daily Herald Business Ledger, suburban Chicago’s premier business publication, featured articles in its June issue about how businesses and landlords are adapting the workplace for the COVID-19 world. Paragon’s Rick Swarts was tapped to share his expertise about...
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...
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...
Are you spending an excessive amount of time entering data into spreadsheets when you could be doing more important work instead? Do you have trouble updating roll-forward activity and keeping track of all your fixed assets? Is your company worried about spreadsheet...
Paragon International, in partnership with Summit Hosting, is offering the ‘Summit Cares’ Free Sage Fixed Assets Cloud Hosting campaign to help small and mid-sized businesses who have been impacted by the COVID-19 (coronavirus) pandemic. The Summit Cares campaign...
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...
Sage recently issued Sage Fixed Assets Release 2020.1, which includes several Federal tax law updates, exciting new features to improve your fixed asset reporting, and a few bug fixes. Here are some highlights: Federal Tax Law Compliance Updates Sage Fixed Assets...
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...
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...
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...
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...
Are you considering a new building development or renovation project, but your projected cash flow is making it difficult to get funding approval? Do you have the necessary funding, but would like to increase your cash flow and accelerate your ROI? Have you heard...
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...
Sage software has recently released Sage Fixed Assets version 2019.1 update. It contains a number of updates and changes to help you take advantage of changes under the Tax Cuts and Jobs Act of 2017 and increase your ROI. It also includes increased efficiency...
