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...
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...
Sage Summit US 2020 – CANCELLED
UPDATE 10/2020: Sage has cancelled the 2020 Summit. Sage Summit US 2021 is scheduled for May 25-27 in Dallas, Texas. Watch our Blog for more information as it becomes available. Sage recently announced the date and location of Sage Summit US 2020. It will be held May...
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...
Sage Fixed Assets Version 2019.1 – Tax Law Updates and User Enhancements
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...
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...