Fixed Assets Blog
Maximize Purchase Price Allocation Tax Benefits
One of the fallouts of the COVID pandemic is the influx of distressed commercial properties for sale. This is especially true for the industries hardest hit by the resulting lock downs and ensuing recession, such as hospitality and retail. People had to shelter in...
10 Reasons Why Sage Fixed Assets Cloud Hosting is Right For You
Many companies are choosing a cloud-based solution for their Sage Fixed Assets hosting, moving away from an in-house server managed by their IT staff. If you’re thinking about making the switch, here are 10 reasons why Paragon’s Sage Fixed Assets cloud hosting...
Mastering Your Fixed Assets: Comprehensive Fixed Asset Lifecycle Planning
The process of managing a fixed asset begins before the asset is acquired. Companies and their fixed asset managers need to think about the entire fixed asset lifecycle – from acquisition to transfer and ultimately disposal. Unfortunately, that isn’t always the case....
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?...
Mastering Your Fixed Assets: Fixed Asset Inventory Tracking Strategy
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...
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...
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...
What’s New in Sage Fixed Assets 2021.1 – Tax Updates and Enhancements
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...
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...
What’s New in Sage Fixed Assets 2021.0 – Features and Enhancements
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...
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...
Paragon Featured in Business Ledger: Tax Code, CARES Act & Immediate Cash Flow
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...
Humbled by Saving Jobs, Grateful to Help Companies for 35 Years
Many years ago, a large financial firm sought us out to see if we could help them reduce their tax liabilities and improve their cash flow. Through cost segregation and accelerating their asset depreciation schedules, our team of tax and fixed asset experts was able...
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...
