SOURCE: Sage Software, Inc.

March 17, 2008 11:36 ET

Sage FAS Fixed Asset Customers Get Extra Relief From the Federal Economic Stimulus Act of 2008

Service Update Automates & Simplifies Maximum Tax Benefits

HERNDON, VA--(Marketwire - March 17, 2008) - Sage Software announced today the general availability of the Sage FAS Fixed Asset Economic Stimulus Service Update 2008.1.1. A response to the Federal Economic Stimulus Act of 2008, the Service Update gives Sage FAS customers a simple and easy way to maximize tax benefits under depreciation provisions expanded by the new law. The Service Update is available for existing customers to download on the FAS SupportPlus Online web site at

Several business investment incentives that positively impact Sage FAS customers are contained within the new Economic Stimulus law and are supported by the Sage FAS Fixed Asset Economic Stimulus Service Update. Specifically, the Update provides customers of FAS Fixed Assets, Sage MAS Fixed Assets and FAS for Peachtree with updated benefits support in two main areas:

IRC Section 179 - For qualified assets placed in service in tax years beginning in 2008:

--  An increase nearly double the original 2008 limit per asset from
    $128,000 to $250,000.
--  An increase of the overall investment limit to $800,000.
--  An increase for qualified Enterprise Zone property to $285,000.
--  An increase for qualified Go Zone property to $350,000.

IRC Section 168(k) - Fifty percent bonus depreciation for qualified property placed in service in 2008:

--  Fifty percent bonus depreciation allows expensing on most types of
    property with a recovery period of 20 years or less, such as machinery,
    equipment, computers, furniture, fixtures and certain software.

"By quickly integrating the tools our customers need to take full advantage of provisions within the Economic Stimulus Act, Sage Software has once again demonstrated our commitment to our customers and the success of their businesses," said Chris Donie, senior vice president and general manager of Sage FAS.

Easy to install, customize and use, Sage FAS solutions are comprehensive, seamlessly integrated fixed asset management programs with versions suited for businesses of any size. Whether managing 10 assets or a system requiring the power of a Microsoft® SQL Server® infrastructure, Sage FAS saves time and improves data accuracy by organizing fixed assets in an easy-to-view format and performing complex depreciation calculations quickly and easily.

About Sage Software

Sage Software supports the needs, challenges and dreams of nearly 2.8 million small and medium-sized business customers in North America through easy-to-use, scalable and customizable software and services. Our products support accounting, operations, customer relationship management, human resources, time tracking, merchant services and the specialized needs of the construction, distribution, healthcare, manufacturing, nonprofit and real estate industries. Sage Software is a subsidiary of The Sage Group plc, a leading global supplier of business management software and services to small and medium-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989. Sage Group now has 5.5 million customers and employs over 13,900 people worldwide. For more information, please visit the web site at or call (866) 308-2378.

© 2008 Sage Software. All rights reserved. The Sage Software logo and the Sage Software product and service names mentioned herein are registered trademarks or trademarks of Sage Software or its affiliated entities.

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