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Mastering Your Fixed Assets: Ghost and Zombie Assets

Mastering Your Fixed Assets: Ghost and Zombie Assets

Ghosts and Zombies. Yikes! They’re two hidden enemies – and not just in the movies. Many companies are familiar with the concepts of ghost and zombie assets, but fail to fully grasp the depth of the risks they pose to an organization. What are Ghost and Zombie Assets?...

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The Importance of Fixed Asset Inventories

The Importance of Fixed Asset Inventories

Implementing a fixed asset inventory solution is vital for organizations for many reasons. A proper accounting of assets can save time and money, reduce theft, improve planning and budgeting, eliminate “ghost and zombie assets,” and help an organization recover after...

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Section 179D Energy Tax Deduction Now Permanent

Section 179D Energy Tax Deduction Now Permanent

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...

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Get a Tax Refund with a Cost Segregation Look-Back Study

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...

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Sage Fixed Assets Support is Changing

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...

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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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