The latest update of CMI fixed assets is now available on the website. The current update, 4.1.92, includes all of the changes that were implemented from the Small Business Jobs Act of 2010.
The tax changes in the Small Business Jobs Act that effect fixed assets and have thus been implemented into CMI's fixed asset program are:
- Enhanced small business expensing (Section 179 expensing).
- Extension of 50% bonus first-year depreciation.
- Increased luxury auto depreciation.
Feel free to contact us if you have any questions on utilizing these changes or if you need any assistance with CMI Fixed Assets in general.
If you would like information on how to download this new version, contact us at 800-678-3658 for instructions.
Since the release of CMI Fixed Assets Version 4.1.91 we have discovered that this particular update has a minor glitch in the Rebuild Master File capability (Tools | Rebuild Files | Master File).
This has been repaired within Version 4.1.92 and released on the CMI website for immediate download through the Downloads | Updates selection.
If you have encountered this problem within the software, please download the corrected version from the website and this will take care of the problem. For the download, the password will remain the same as for the previous download.
We do apologize for any inconvenience this may have caused. We also appreciate your continued support of CMI Software, Inc!
Please contact us if you encounter any other issues within the program, or if you need assistance with anything else.