Welcome to the Sage Fixed Assets Support Group on Community Hub! Available 24/7, the Forums are a great place to ask and answer product questions, as well as share tips and tricks with Sage peers, partners, and pros.
This important update is also posted in the Sage Fixed Assets Announcements forum .
Are Tax Law Changes Coming?
This is the busiest time of year for you. Closing out financials. Getting ready to file tax returns. Then, BOOM! You hear on the news that…
We are keeping an eye on two tax packages approved by the House Ways and Means Committee on June 14.
The Build It in America Act (H.R. 3938) retroactively extends, through 2025, some TCJA provisions that expired as of 1 January 2022, including:
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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…
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…
Owning and using a vehicle in a business is very complicated when it comes to determining deductible expenses for tax purposes. It involves categorizing the vehicle in the right class (luxury auto, light truck and van, SUV or other); choosing the right…
Luxury Auto, Light Trucks and Vans Safe Harbor Rule Changes
With all the changes from the Tax Cut and Jobs Act (TCJA) of 2017, the IRS caught up one more piece of housekeeping on February 13, 2019 by issuing Rev. Proc. 2019-13 . This is the long-awaited…
Every year the Sage Fixed Assets team strives to bring you features, enhancements, and updates in our products to improve your ability to bring value and efficiency to your organization. Partly driven by customer requests and partly by tax changes, 2019…
There has been much talk in the last several months about the 50 plus tax provisions that expired at the end of 2013. (Be sure and follow my General Accounting blog on this site for more news on the extenders!) Of all these recently expired provisions…