• Keeping you informed: Proposed 2024 tax law changes

    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 Congress is proposing a tax law change retroactive to 2023. What?


    Hundreds of questions run through your mind:

    • Should we wait until we hear more?
    • How will the changes impact…
  • Bridging the Gap: Unite your Accounting and Maintenance departments with Sage Fixed Assets—Tracking

    By Jason Johnson—Co-Founder of Fixed Asset Consulting and Former CEO, Mpulse Maintenance Software

    The contemporary business landscape is marked by increasing interconnectivity across diverse operational areas. The gap in the critical intersection of the accounting and maintenance departments is often under-appreciated and overlooked. Acknowledging this vital correlation, Sage, a globally trusted leader in software…

  • Legislation we are watching for Sage Fixed Assets

    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:

    1. The IRC Section 174 deduction for R&E expenses
    2. The IRC 163(j) limitation on interest expense deductions (using earnings before interest, taxes, depreciation, and amortization…
  • Expert tips on converting your data to Sage Fixed Assets

    Time-saving data conversion tips from the Sage Expert Services team.
  • Alteryx and Sage Fixed Assets: How to Automate your Process

    Cody Dougherty, Tax Supervisor at Global Tax Management, dives into the data transformation tool, Alteryx, and how it can be utilized to streamline your Sage Fixed Asset processes.
  • New Branding, More Productivity - Sage Fixed Assets Release 2023.0

    The Sage Fixed Assets 2023.0 release has several new time-saving features to increase your productivity and workflow.
  • Are you looking for a Leased Asset solution?

    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:


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

    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…

  • IRS Releases Qualified Improvement Property (QIP) Guidance


    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…

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

    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…

  • 2020.1.1 Sage Fixed Assets Update

    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 ...
  • Tax Extenders in 2020

    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…

  • IRS Finalizes Rental Real Estate QBI Safe Harbor Rules

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

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

    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.
  • IRS Provides Bonus Depreciation Election Relief

    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.
  • Using Sage Fixed Assets’ new features for Tax Compliance

    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…

  • Using Your Assets to Generate a Section 250 Deduction

    Taking a Section 250 deduction? Learn how to set up the fixed assets (i.e. QBAI) portion of the calculation in Sage Fixed Assets.
  • Luxury Auto, Light Trucks and Vans Safe Harbor Rule Changes

    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.
  • Getting the most out of your Customer Services contact

    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…
  • Integrating Sage 100 with Fixed Assets – new course

    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.

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

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

    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):…

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

    “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…

  • Reflecting on Fixed Asset Accounting

    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…