Fixed Assets Blog
Chicago’s Best Holiday Traditions: A Guide to Festive Fun
We're excited to spread some cheer with a special touch from the Chicago area! Here you'll find a delightful collection of fun activities that celebrate the unique spirit of the holidays in our vibrant city. Chicago's Christmas Tree. The city's magnificent Christmas...
How Manufacturers Can Tackle Today’s Toughest Challenges
Manufacturers across the nation are grappling with mounting pressures: Economic uncertainty Workforce shortages Supply chain instability Accelerating technology changes Manufacturers can navigate these issues through smarter management of assets and real estate...
From Bonus Depreciation to GenAI: Why the Newly Released Sage Fixed Assets 2026.0 Matters
Learn What’s New in Sage Fixed Assets 2026.0! The latest release of Sage Fixed Assets 2026.0 is now available, bringing smarter tools and time-saving improvements to your asset management process. From maximizing tax savings with reinstated 100 percent bonus...
Fixed Asset Tax Changes in the 2025 OBBBA Bill – What You Need to Know
The “One Big Beautiful Bill Act” (OBBBA), signed on July 4, 2025, delivers major tax updates favoring businesses and real estate investors. From restoring 100% bonus depreciation to extending valuable energy-efficiency deductions, the bill brings back powerful...
How to Dispose of a Single Asset in a Group Asset
Discover the Correct Way to Dispose of Fixed Assets That Were Purchased in a Group Splitting one fixed asset into multiple assets is a common asset accounting procedure. If you grouped assets when you purchased them, you probably need to split them when you want to...
Construction in Process (CIP) Accounting and Fixed Asset Planning — A Smart Way to Track your Company’s Capital Projects
Fixed asset planning — or Construction in Process (CIP) accounting — is the process of taking control of your fixed assets before they’re placed into service and begin depreciation. It involves keeping a detailed record of all expenses incurred while constructing a...
Unveiling Sage Fixed Assets 2025.1: Smarter Asset Management, Enhanced Tax Compliance, and Workflow Upgrades
Explore everything Sage Fixed Assets 2025.1 has to offer The new Sage Fixed Assets 2025.1 is scheduled to launch on January 16, 2025. This release brings exciting new updates and enhancements designed to make managing your assets more compliant, easier, and...
The Latest on 179D Energy Tax Deductions
Big Changes Occurred to the 179D Energy Tax Deduction in January 2023 On Tuesday, August 16, 2022, President Biden signed the Inflation Reduction Act (IRA) into law – one of the most sweeping climate bills ever created. The IRA is a massive piece of...
How to Perform a Fixed Asset Inventory – In-Depth Guide
Learn the 10 Steps to a Perfect Fixed Asset Inventory Many companies assume that since fixed assets are “fixed,” that their value is fixed as well. Unfortunately, those companies are missing out on significant cost savings potential that comes from having an...
How to Use Asset Maintenance for Your Sage Assets in Sage Fixed Assets 2024
Heat Up Tracking for Your Sage Assets with the New Asset Maintenance Feature Sage Fixed Assets – Tracking has introduced a brand-new feature called Asset Maintenance. It empowers you to schedule maintenance on your Sage assets, create work orders for...
Understanding the Fixed Asset Lifecycle for Accurate Asset Accounting
Learn the 5 Important Stages That Impact Your Fixed Asset Accounting Accurate fixed asset accounting requires careful tracking and depreciation calculations. It can be difficult to manage because the fixed asset lifecycle often lasts decades. Here is what the...
How and When to Test for Fixed Asset Impairment
Do You Suspect It May Be Time to Test for Fixed Asset Impairment? This Will Help. Fixed asset impairment occurs when an asset experiences a one-time or unexpected drop in value, resulting in a significantly lower market value than the one listed on your balance sheet....
What’s New in Sage Fixed Assets 2024.1?
Sage Intacct Integration, an AI Chatbot, and Faster QIP Property Entry Make Sage Fixed Assets 2024.1 the Best Version Yet Great news: Sage Fixed Assets 2024.1 is available right now. In addition to the exciting updates we discussed in this blog about version...
Renovating? 3 Steps to Maximize Your Returns on Fixed Asset Disposal
How to Optimize Fixed Asset Disposal to Improve Your Cash Flow We all know that renovations are costly, but investors often don’t realize that they can recover quite a bit of cash during the renovation process. How? By correctly calculating and recording the...
What Is MACRS Depreciation?
Business Fixed Assets Are Subject to MACRS Depreciation. What Is That & How Does It Work? MACRS is an IRS structure required for calculating depreciation on assets. As you would expect from the IRS, the MACRS depreciation system is complex and it punishes...
7 Signs Your Fixed Assets Process Is Broken
These Can Be Your Early-Warning Alarms for a Broken Fixed Assets Process When your fixed assets process is broken, your business breaks down too. You might overpay for taxes and insurance. Your capital budgets may become unusable. If the problem goes on too...
