Blog: Sage Fixed Assets
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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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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Sage Fixed Assets 2016.1 – What’s new in the tax release

Sage Fixed Assets 2016.1 – What’s new in the tax release

Sage Fixed Assets recent released the new version of Sage Fixed Assets Depreciation that supports all the new IRS legislation for tax deprecation as a result of the PATH Tax Act signed into law in December. Some of the highlights covered in this release of Sage Fixed...

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