Sage Software has updated its Sage FAS software with a service update to reflect the economic stimulus package recently enacted by Congress.
Sage FAS Fixed Asset Economic Stimulus Service Update 2008.1.1 takes advantage of the tax benefits and depreciation provisions of the new law to encourage purchases of assets such as new equipment. For qualified assets placed in service beginning in 2008, the law allows a business to expense up to $250,000 of Section 179 property. It also provides 50 percent bonus depreciation on qualified property placed in service in 2008 with a recovery period of 20 years or less.
The software update works with FAS Fixed Assets, Sage MAS Fixed Assets and FAS for Peachtree.
In other Sage news, the company said it has added Sage Master Builder, a software suite for construction firms, to the range of titles available to its Accountants' Network members. Members of the network receive product discounts, support services, automatically delivered upgrades and updates, and a listing in a member locator service. For more information, visit www.sageaccountantsnetwork.com.
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