Many organizations rely on their fixed assets as the lifeblood of the company. All too often, they don’t pay much attention to their fixed assets and lack the resources to track those assets and maintain an accurate inventory. Fixed asset inventory tracking is often...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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