Schulz Consulting

Sage 100cloud Consulting

  • Home
  • Services
  • Contact

Sage Fixed Assets 2016.1 Now Available

February 11, 2016 by Wayne Schulz

sage_fixed_assets_2016.1
Sage announced today that version 2016.1 is now available for download.

According to Sage, changes include:

Among the tax changes that have been incorporated into Sage Fixed Assets 2016.1, most noteworthy is the inclusion of the “Protecting Americans from Tax Hikes Act of 2015” (PATH Act of 2015). The provisions in the PATH act include the permanent extension of the $500,000 expensing amount for Section 179 and the 15-year life for qualified properties, the 5-year extension of bonus depreciation (168K special allowance), and the 2-year extension for several other special depreciation rules (for example shorter depreciable lives for property on an Indian reservation).

Sage Fixed Assets 2016.1 also introduces a new user management system which enables you to easily activate and deactivate your users from one central interface. This will not only help you to manage your users better, but it also ensures that only authorized users can access your system.

Users who are active on a maintenance plan may download Sage Fixed Assets 2016.1 from the Sage Portal here.

Sage’s internal website provides a more detailed list of what has been updated in Fixed Assets 2016.1:

 

With the passage of the Protecting Americans from Tax Hikes (PATH) Act of 2015 we are currently updating the program to include all of the following:

 

The 168 Bonus Allowance:

  • Extend from 2015 through 2019 (with an additional year for certain property with a longer production period)
  • Allowance of 50% for property placed in service 2015-2017. Reducing to 40% for 2018 and 30% for 2019
  • Modify to include qualified improvement property
  • Modify to permit certain trees, vines, and plants bearing fruits or nuts to be eligible for bonus depreciation when planted/grafted instead of when placed in service

Section 179 of $500,000:

  • Extend the 2010-2014 expense amount of $500,000 permanently
  • Extend the qualified real property expensing of up to $250,000 through 2015; the $250,000 cap is eliminated in 2016 and thereafter
  • Start indexing the expense limitation and investment threshold for inflation in 2016 (rounding to the nearest $10,000)
  • Air conditioning and heating units placed in service in 2016 and later are eligible for expensing

Other:

  • 15-year depreciable life for qualified leasehold improvements; qualified restaurant buildings and qualified retail improvements. Extend permanently.
  • Race horses – 3-year depreciable life if horse is 2 years or older Extend for 2 years – through 2016.
  • Motorsports Complexes – 7 depreciable year life Extend for 2 years – through 2016.
  • Shorter depreciable lives for property on an Indian Reservation Extend for 2 years – through 2016. And allow election out of the shorter lives.
  • Empowerment zone tax incentives Extend for 2 years – through 2016.
  • Enterprise zone businesses can deduct an additional $35,000 in Section 179 expense on zone property.
  • Section 179D – Energy efficient commercial buildings deduction Extend for 2 years – through 2016.
  • Section 179E – Election to Expense Mine Safety Equipment Extend for 2 years – through 2016.

 

User Management

Sage Fixed Assets 2016.1 also introduces a new user management system for customers with multiple licenses, which enables them to easily activate and deactivate users from one central interface. This will not only help these customers to manage their users better, it also ensure that only authorized users can access the system. This feature applies to Depreciation and Tracking (Network and Premier versions). Single user systems are not affected by this change.

Share this:

  • Twitter
  • Facebook
  • Email
  • LinkedIn

Filed Under: Sage 100 ERP Tagged With: sage fixed assets

About Wayne Schulz

Wayne Schulz is a Sage 100 Consultant located in Connecticut. He has worked with Sage 100 and Sage 100cloud ( Formerly Sage MAS 90 and MAS 200) since 1986 and provides advanced Sage 100 technical support to companies located in Connecticut, Massachusetts, Rhode Island, New York and throughout the United States. If you are experiencing an issue with Sage 100, and would like to schedule a support session - please request assistance here or call 833-724-3100.

Search Our Site

Sage 100cloud Latest News

  • Sage 100 Files to Exclude from Antivirus Scanning March 2, 2021
  • WFH Tip For Sage 100: Go Paperless February 24, 2021
  • When is Sage 100 2021 Due for Release? February 19, 2021
  • Sage 100 Partner Cloud List of Supported ISVs as of January 2021 February 12, 2021
  • Sage 100 User Help Files and Table Layouts – Version 2018 – 2020 January 27, 2021
  • Expect Sage 100 1099-NEC Functionality in Purchase Order With These Updates In Spring 2021 January 18, 2021
  • What Are The Differences Between Sage 100 Perpetual and Subscription Licenses? January 11, 2021
  • Sage 100 Aatrix e-Filing Bug Erroneously Reports Bad SSN Matches for 2020 January 6, 2021

Our sponsors

Contact Us

Schulz Consulting
Connecticut Office
Phone: 860.657-8544
Email Us
Locally serving all of Connecticut, Massachusetts, Rhode Island, Vermont,
New York, New Jersey. Available remotely nationwide.
We are a local branch of DSD Business Systems Connecticut.

Copyright © 2021 · Parallax Pro Theme on Genesis Framework · WordPress · Log in

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.