Taxes are never a fun topic, but they’re important nonetheless. In this blog post, we will walk you through the most important tax updates that you need to be aware of for 2018. From deductions to credits, we will cover everything you need to know to prepare and install these updates in your Sage 50 software.
One of the most important things you can do before the new year is to update your tax software. Sage 50 includes a wealth of 2018 tax updates, so make sure you take advantage of them before filing your taxes. Here are some of the most important updates:· The new personal income tax rates for 2018 have been released. You can find them in the Tax Reference Guide on Sage 50’s website.·
The limitations on itemized deductions for individuals have also been released. You can find more information in the Tax Reference Guide on Sage 50’s website.· Changes to the estate and gift tax laws have also been announced. You can find more information in the Tax Reference Guide on Sage 50’s website. If you’re preparing your taxes this year, be sure to update your software to take advantage of all the 2018 tax updates!
What are the new tax updates in Sage 50?
In Sage 50, we have made several updates to the Tax module which aim to make tax preparation simpler and more efficient.
One of the most important updates is the introduction of a new Report layout which takes into account how you are likely to use tax reports. This means that you can see your report in one window while you work on it in another window, making tax filing much easier. You can also preview your report before saving it so that you know exactly what it will look like when it is done.
Other New Features Include:
- The Ability to view your income and expenses in separate windows, so that you can more easily compare them
- The Ability to import files from previous years’ tax returns into Sage 50
- The Addition of support for Irish tax laws, including the granting of reliefs on some taxes
How to Prepare and Install 2018 Tax Updates in Sage 50
When it comes to preparing your tax returns, there are a few key things you should do each year. One of the most important is updating your software, which can help you get accurate deductions and credits. In this article, we’ll show you how to install 2018 tax updates in Sage 50.
You’ll need the following:
- Your login information for your Sage 50 account (you may have this already if you use Sage 50 for business).
- Your product key (if you have purchased a copy of Sage 50)—look on the back of your computer or in the documentation that came with your software.
The Latest Updates for Sage 50
To start, open up Sage 50 and sign in. If you don’t have an account yet, create one now by clicking on “Create an Account” on the main menu bar and entering your login information. Next, click on “Help & Support” in the main toolbar and select “Account Info” from the dropdown menu. On the next screen, under “Software Licenses/Packages,” click on “Update Software.” This will take you to a screen where you can find your product key. You can also find this information on the back of your computer or inside of the documentation that came with your software.
- Once you have found your product key or logged in to your account and retrieved
- What to do if you have questions about the new tax updates in Sage 50
- If you have questions about the new tax updates in Sage 50, please contact your tax advisor.
It’s that time of year again – when you need to update your taxes in Sage 50. Fortunately, most of the 2018 tax updates are available as downloads now. Here’s a rundown of what’s new: The individual income tax rates have changed for 2018. The top rate is now 37%. The standard deduction has increased, and the child tax credit has been increased as well. There are also new credits and deductions available. Learn more about these changes in the 2018 Tax Updates article on our website. Remember to keep up to date with all the latest changes by downloading the 2018 Tax Updates now!