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Sage Fixed Assets

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  • Are you looking for a Leased Asset solution?

    Lovisa
    Lovisa

    Looking to consolidate and streamline your asset management life cycle?

    Look no further as Sage has partnered with LeaseQuery to cover the consolidation and streamlining your asset management life cycle.

    Contact a Sage Fixed Assets Expert today 1-800-368-2405.

    You can also gain more insight from reading post on this partnership here:

    https://leasequery.com/press-releases/leasequery-sage-partnership-intelligence-asset…

    • 1 Apr 2021
  • 5 Reasons to Download the Latest Version of Sage Fixed Assets

    Carl Thompson
    Carl Thompson

    The Sage Fixed Assets team has been busy adding features, improving performance, and updating tax laws to Sage Fixed Assets Depreciation as well as Planning, Tracking, and Reporting. When is the last time you updated your Sage Fixed Assets software? If it has been a while, here are 5 reasons why now is the time to do it. 

    Tax Updates

    As you have come to expect, Sage Fixed Assets keeps you up to date on the latest tax rules…

    • 28 Jan 2021
  • IRS Releases Qualified Improvement Property (QIP) Guidance

    Carl Thompson
    Carl Thompson

    Overview

    The IRS has issued guidance to address legislative changes in the CARES Act. QIP placed in service in 2018 and later is now eligible for bonus depreciation and has a GDS life of 15 years (20-years ADS).

    The CARES Act, signed into law on March 27, 2020, contained a few tax surprises, including fixing the “retail glitch.” The retail glitch is the term used for language omitted in the Tax Cuts and Job Act (TCJA…

    • 24 Apr 2020
  • Breaking News: Qualified Improvement Property Now Has a 15-year Life!

    Carl Thompson
    Carl Thompson

    Qualified Improvement Property (QIP) placed in service after December 31, 2017 now has a GDS life of 15 years and an ADS life of 20 years.  Perhaps even more importantly, QIP is now eligible for 100% bonus depreciation per current law.

    Changes to Qualified Improvement Property are included in the Coronavirus Aid, Relief, and Economic Security Act (aka the CARES Act) legislation. The CARES Act, signed into law on March…

    • 27 Mar 2020
  • 2020.1.1 Sage Fixed Assets Update

    Carl Thompson
    Carl Thompson
    An update to Sage Fixed Assets 2020.1 is now available. You should download this update if any of the following situations apply to you. Have or will place a Property Type T (light truck or van) asset in service during 2019 or in 2020. Have or will ...
    • 27 Feb 2020
  • Tax Extenders in 2020

    Bob Mc
    Bob Mc

    By Bob McElroy, Certified Trainer, Sage University

    The textbook that we use to teach Principles of Fixed Assets Accounting, one of the classes offered through Sage U, is currently being revised.  This new textbook revision will include the new tax extenders in 2020.  Here below is a recap of these updates to applicable tax law.

    Section 179

    The expense limit will be $1,040,000 in 2020.  As a review, here’s how that new figure…

    • 20 Dec 2019
  • IRS Finalizes Rental Real Estate QBI Safe Harbor Rules

    Carl Thompson
    Carl Thompson
    IRS has finalized Safe Harbor QBI rules under Section 199A for rental real estate property.
    • 4 Nov 2019
  • Passenger Vehicles: Actual Costs vs Standard Mileage

    Carl Thompson
    Carl Thompson
    Is it better to use Actual Costs or the Standard Mileage Rate for car expenses?
    • 9 Oct 2019
  • Sage Fixed Assets: A Great 2019 with More Coming in 2020

    Carl Thompson
    Carl Thompson
    Sage Fixed Assets two main features, among others, added in 2019: Bulk Edit and Section 199A Report for QBI and UBIA. In 2020 coming features include: Delete multiple asset groups at one time; Ability to rename and copy more books; and Adding more depreciation books.
    • 11 Sep 2019
  • IRS Provides Bonus Depreciation Election Relief

    IRS Provides Bonus Depreciation Election Relief

    Carl Thompson
    Carl Thompson
    This brief on IRS Revenue Procedure 2019-33 summarizes how to make a late bonus election or revocation of elections related to 100% bonus under 168(k) using a Form 3115 Application for Change in Accounting Method instead of filing an amended return.
    • 21 Aug 2019
  • Using Sage Fixed Assets’ new features for Tax Compliance

    Ann Donie
    Ann Donie

    Conforming to section 163(j) rules for fixed asset depreciation

    A new feature, Bulk Edit, and two new depreciation methods, RH and RM, are available in Sage Fixed Assets-Depreciation 2019.1 and later to easily change the depreciation method and life for multiple assets. 

    The features were prompted by an election available under section 163(j), added by the Tax Cuts and Jobs Act of 2017 (TCJA) and available for real property…

    • 3 Jul 2019
  • Using Your Assets to Generate a Section 250 Deduction

    Carl Thompson
    Carl Thompson
    Taking a Section 250 deduction? Learn how to set up the fixed assets (i.e. QBAI) portion of the calculation in Sage Fixed Assets.
    • 24 Jun 2019
  • Special summer 2019 pricing on Sage University for Sage Fixed Assets classes!

    Rob Dawson
    Rob Dawson

    Dive deeper into your Sage solution this summer—sign up now for 20% off SageU training.

    You already own great business software—but are you truly taking advantage of all it has to offer? Make a splash with your productivity this summer by enrolling in Sage Fixed Assets courses on Sage University, now available at a special 20% discount.*

    Whether you’re a seasoned user or just getting started, there’s a class…

    • 13 Jun 2019
  • Luxury Auto, Light Trucks and Vans Safe Harbor Rule Changes

    Carl Thompson
    Carl Thompson
    IRS issues Safe Harbor rules in Revenue Procedure 2019-13 for Luxury Autos claiming 100% Bonus. This article compares the 2019 Safe harbor rules to the 2011 Safe Harbor rules and the advantages of taking 100% Bonus over Section 179.
    • 26 Mar 2019
  • Getting the most out of your Customer Services contact

    Troia
    Troia

    Call volumes in January can often result in longer than normal wait times to speak with us. Which is why, when hold times are longer than usual, you may be asked to have your place virtually held in line through our Courtesy Call Back feature. Below are some frequently asked questions—and tips—about Courtesy Call Back:

    1. When will I be called back? 
      If you enter your call-back information, we call you back within…
    • 4 Jan 2019
  • Integrating Sage 100 with Fixed Assets – new course

    Integrating Sage 100 with Fixed Assets – new course

    socasue
    socasue

    In this Anytime Learning course you will see the integration between Sage 100 and Sage Fixed Assets from Accounts Payable, Purchase Order and Fixed Assets.  This course is available to all at no charge.  Click here to register.

    • 6 Sep 2018
  • Sage Fixed Assets - How to calculate the capital limitation for the new Section 199A deduction

    Sage Fixed Assets - How to calculate the capital limitation for the new Section 199A deduction

    Ann Donie
    Ann Donie
    How to use Sage Fixed Assets Depreciation to calculate the capital limitation for IRC Section 199A
    • 6 Aug 2018
  • How-to help for common Sage Fixed Assets issues

    How-to help for common Sage Fixed Assets issues

    Pat R
    Pat R

    This blog post contains steps, as well as links to applicable Sage KB articles, for three of the most common reasons why Sage Fixed Assets customers have contacted us for help recently: changing critical deprecation fields, installing a client, and performing a custom import. 

    Change Critical Deprecation Fields

    To change a critical field (any field in the lower, Book Information portion of the asset’s detail view):…

    • 17 Jul 2018
  • Special offer . . . dive deeper into your Sage Fixed Assets solution this summer.

    Special offer . . . dive deeper into your Sage Fixed Assets solution this summer.

    JenFen
    JenFen

    You already own great business software—but are you truly taking advantage of all it has to offer? Make a splash with your productivity this summer by enrolling in Sage University, now available at a special 20% discount.1

    Training: more than just convenient, it’s cost effective

    Whether you’re a seasoned user or just getting started, there’s a class to help make your job easier and ensure you’re fully utilizing…

    • 1 Jun 2018
  • How to Pull Depreciation Data into an Excel Spreadsheet...thanks to Crystal

    How to Pull Depreciation Data into an Excel Spreadsheet...thanks to Crystal

    Bob Mc
    Bob Mc

    “I can tell you I don't have money, but what I do have are a very particular set of skills; skills I have acquired over a very long career.” – Retired CIA Agent Bryan Mills portrayed by Liam Neeson, from the movie Taken.   

    Being able to work with data in a Microsoft Excel spreadsheet requires a certain set of skills.  And some of the most skilled people I have ever met were on the Accounting staff…

    • 29 May 2018
  • Reflecting on Fixed Asset Accounting

    Reflecting on Fixed Asset Accounting

    Angie Chase
    Angie Chase

    I was out sick with pneumonia for the first time in my life and it sucked. I am used to moving and working at warp speed, always. Stuck in bed, bored, and feverish... what's a person to do? Reflect on fixed asset accounting? Perhaps, but not just 'fixed assets' in general... specifically, the trials and tribulations of fixed asset accounting and procedural workflow. 

    Trials and tribulations? In fixed assets…

    • 8 Mar 2018
  • Tax Extenders Update - Bipartisan Budget Act of 2018

    Tax Extenders Update - Bipartisan Budget Act of 2018

    Ann Donie
    Ann Donie

    By Kathleen Donaghy and Ann Donie

    If you were busy with year-end, you may have missed some expired tax incentives and credits that were extended in the Bipartisan Budget Act of 2018 signed into law by the President on February 9, 2018.  Typically, these tax breaks are extended yearly for one or two years at a time, usually right at year end.  This year they were later than usual and rolled into the bipartisan budget act…

    • 6 Mar 2018
  • Sage Fixed Assets 2018.1 Crystal Reports Compatibility Issue

    Sage Fixed Assets 2018.1 Crystal Reports Compatibility Issue

    Michelle Lopez
    Michelle Lopez

     
     
    Sage Fixed Assets 2018.1 was updated to Crystal Reports runtime SP21 which may cause an issue with Crystal Reports runtime versions used for other products. If you upgraded to Sage Fixed Assets 2018.1, you may experience a compatibility issue if you are also using Sage 100 (2017 and earlier…
    • 9 Feb 2018
  • Fixed Asset Management Process: Involve Everyone

    Fixed Asset Management Process: Involve Everyone

    Angie Chase
    Angie Chase

    Involve All Departments

    Although fixed asset management projects are typically initiated either by Finance, Tax or IT, they should involve all departments.

    It is not uncalled for that each department may have their own set of lists and ideas about what qualifies for a capital asset versus expensed. In addition, everyone should be aware of the rules and processes for disposing, the differences between transferring or moving…

    • 29 Jan 2018
  • Sage Fixed Assets: Announcing the release of 2018.1

    Sage Fixed Assets: Announcing the release of 2018.1

    Michelle Lopez
    Michelle Lopez

    What's new in Sage Fixed Assets 2018.1
    This release includes the following items:
    • The latest tax changes to allow you to take advantage of the new rules under the Tax Cuts and Jobs Act of 2017.
    • Sage Fixed Assets Reporting is updated to SAP Crystal Reports v2016.
    • Security updates and other…
    • 25 Jan 2018
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