Important 2010 FAS Update

By Jeff Land | Feb 2nd, 10 | Categories: Pending Update

A new update to your Sage FAS Fixed Asset Solution is now available!

Jeff Land, CAM ManagerThis update contains important new tax law changes that are now in place along with the latest rules, rates, and IRS forms. Changes to your software include:

Updated Tax Law. Sage has updated the Sage FAS program to comply with the latest tax law changes.

Updated Tax Forms. The 2010.1 tax update includes
the updated IRS Form 4562–Depreciation and Amortization for 2009

Updated Tax Limits. The 2010.1 tax update complies
with the scheduled updates to the Section 179 limits and luxury auto limits

Updated Sec 179 Limits for Qualified Disaster Zone Property. The 2010.1 tax update includes Section 179 dollar limits for the Qualified Disaster Zone

Expiration of Tax Provisions. Several tax provisions have not been extended for 2010

Expanded Audit Advisor. We have updated Audit Advisor to check for assets with less than 100% business use

Improved Disposal Report. You can now specify a date range when you run the Disposal report so that the report shows only those assets disposed within the date range

Enhanced Tax Expense Report. A new column, Zone Type, now shows whether the asset is located in a special zone.

Click Here to visit the Sage FAS download site.

If you would like help downloading and installing this important update, please contact the BCS ProSoft Support Team.

Send us an email support@bcsprosoft.com or call (800) 882-6705. We’re ready to help!

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