New Version of BNA Fixed Assets Software Includes Tax Law and Forms Changes

ARLINGTON, Va., Jan. 19, 2011 /PRNewswire-USNewswire/ -- BNA Software®, an operating division of BNA, today announced the company has released a new version, 2011.0, of its BNA Fixed Assets™ software for general availability.  This version updates the stand alone desktop and client server fixed asset products, which include BNA Fixed Assets Desktop, DesktopPro, and Server.  Enhancements include the 12 major tax law changes and related forms affecting fixed asset management and depreciation provided for in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

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"This is a comprehensive update of our fixed assets products," said Dean Sonderegger, executive director, BNA Software.  "It addresses tax law changes providing for the 100 percent bonus depreciation deduction, as well as the Section 179 expensing changes – provisions that can have a significant impact on a company's 2010 and 2011 tax liability.  To help our customers and others managing fixed assets understand the tax law and how to make the right decision when it comes to claiming bonus depreciation, we've scheduled a free Webinar and produced a new resource guide."

The Webinar, "2010 Tax Relief Act: Understanding and Planning for Bonus Depreciation and Other Fixed Assets Provisions," is scheduled for Wednesday, January 26 at 2:00 p.m. ET.  Webinar attendees must register in advance at http://go.bnasoftware.com/go/bonuswebinar.  It will be conducted by BNA fixed assets experts, and will include a live question and answer session.  Every attendee to this free event will also receive a copy of the new BNA publication, Best Practices in Fixed Assets Management: A Resource Guide for Claiming Bonus Depreciation.  For those unable to attend, the resource guide can be downloaded at http://go.bnasoftware.com/go/bonusguide.  There is no charge for the download.

During the Webinar, BNA will present details concerning the four critical areas affected by the Tax Relief Act:

• Extension of Additional First-Year Depreciation (also called bonus depreciation) through 2012 (through 2013 for certain long-production-period and transportation property).
• Increase, to 100%, Additional First-Year Depreciation for qualifying property placed in service after September 8, 2010, through 2011 (through 2012 for certain long-production-period and transportation property).
• Updated luxury vehicle limitations to include Additional First-Year Depreciation on Automobiles and Luxury Trucks and Vans placed in service in 2011.
• Updated Section 179 amounts affecting both the maximum dollar limit and the investment threshold phaseout amounts for property placed in service in tax years beginning in 2012.

BNA Fixed Assets software solutions are recognized as user friendly, cost-effective tools that enable tax and accounting professionals in any size company to efficiently manage the complete lifecycle of their fixed assets.  Each of these products is an end-to-end management system from construction and acquisition through disposal.  All BNA Software products are backed by industry-leading customer service and support to provide the highest level of confidence.  

To learn more about BNA Fixed Assets, call 800-424-2938 and select option 3, or visit. http://www.bnasoftware.com/fixedassets.

About BNA Software

BNA Software is an operating division of specialized news and information publisher BNA, headquartered in Arlington, Virginia.  BNA has been America's premier independent publisher of legal and regulatory news and analysis for over 80 years.  The company's clients include all of the Fortune 100 and all of the top 50 accounting firms.  Founded in 1983, BNA Software develops expert solutions for tax and accounting professionals.  With category-standard software and top rated technical support, BNA Software is the solution of choice for professional firms and corporations of every size.  More than 60,000 customers and users, including the IRS, depend upon BNA Software for the highest degree of tax, regulatory, and compliance expertise available in the market.  Visit www.bnasoftware.com for more information.

BNA Software is a registered trademark, and BNA Fixed Assets is a trademark of Arlington, Va.-based news publisher BNA.  

SOURCE BNA Software