The Section 179D Energy Tax Deduction is now permanent. You no longer have to worry about expirations and rely on extensions. The Consolidated Appropriations Act, 2021, signed into law at the end of December 2020, made permanent the Energy Efficient Commercial...
What’s New in Sage Fixed Assets 2021.1 – Tax Updates and Enhancements
The Sage Fixed Assets 2021.1 release includes tax changes from the Consolidated Appropriations Act, 2021 signed into law in December, 2020. This quick January update will make it easy for Sage Fixed Assets users to take advantage of the new tax benefits, as well as...
Get a Tax Refund with a Cost Segregation Look-Back Study
Does your company have previously overpaid taxes that you would like to recover – and potentially get a tax refund? A Cost Segregation Look-Back Study is a valuable, often overlooked tool for companies to recover overpaid taxes. The Study identifies misclassified or...
What’s New in Sage Fixed Assets 2021.0 – Features and Enhancements
The new Sage Fixed Assets 2021.0 was released in early November, which is earlier than usual. This is great, because it incorporates Coronavirus Aid, Relief, and Economic Security Act of 2020 (CARES Act) tax provisions, and includes new features, enhancements and...
Sage Fixed Assets Support is Changing
Sage Fixed Assets clients, the way you access Sage Fixed Assets support is changing! After October 20, 2020, calling in is no longer an option. Instead, you can simply open the Help menu within Sage Fixed Assets and choose Live Chat. You will be connected with a Sage...
6 Months Free Sage Fixed Assets Cloud Hosting to Support Remote Working
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,...
Humbled by Saving Jobs, Grateful to Help Companies for 35 Years
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...
Paragon Featured in Business Ledger: Tax Code, CARES Act & Immediate Cash Flow
The Daily Herald Business Ledger, suburban Chicago’s premier business publication, featured stories about how businesses and landlords are adapting the workplace for the COVID-19 world. Paragon’s CEO and Founder, Rick Swarts, was tapped to share his expertise. In...
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...
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...
5 Signs It’s Time to Ditch Problems with Fixed Asset Spreadsheets
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...
Free Sage Fixed Assets Cloud Hosting to Help Businesses Operate Remotely
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...
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...
Sage Fixed Assets Release 2020.1 – Tax Law Updates and New Features
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...
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...
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...