New Sage Fixed Assets Boasts Updated Tax Law Info

Sage North America today released Sage Fixed Assets 2013.1 with enhancements to aid businesses in taking advantage of the latest tax laws, such as those recently enacted with the American Taxpayer Relief Act of 2012, as well as updated audit features.

The new version is designed to help companies identify assets that may be eligible for extra depreciation under recently enacted tax laws. The American Taxpayer Relief Act of 2012, signed into law on Jan. 2, 2013, avoids the scheduled increases to individual income tax rates for most Americans and extends a host of expired and expiring tax provisions for both individuals and businesses, many of which have been retroactively reinstated for 2012.

Another key addition includes an updated Audit Advisor, designed to run queries for previously claimed assets and ascertain if they qualify for the 2012 extended or retroactive provisions, including those under Section 179.

 “With Sage Fixed Assets 2013.1, we’ve made it simple for our customers to maximize their potential tax savings as well as navigate complex compliance issues,” said Sage executive vice president of mid-market solutions Joe Langner. “We realize it’s important for businesses to manage their fixed assets in compliance with new tax laws and regulations to reduce a chance of audits and penalties. And we believe it’s even more critical to claim all allowable deductions and exemptions to ensure the organization’s fiscal health.”

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