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Security in Context: The BeyondTrust Blog

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Bringing you news and commentary on solutions and strategies for protecting critical IT infrastructure in the context of your business.

RIP Section 179 Benefits on December 31, 2010

Posted November 23, 2010    Peter McCalister

The Economic Stimulus Act of 2008, which was extended to 2009 and 2010, is now coming to an end this year and the associated benefits with Section 179 will also be lost to businesses.  Section 179 of the IRS tax code encourages businesses to buy equipment/software and invest in themselves to help spur our economy.

Section 179 allows companies to write off the entire purchase price for qualifying software in the year of purchase (up to $500,000 for the first year) instead of forcing companies to depreciate that purchase over five years.  So, organizations looking to benefit from this provision to implement a “least privilege” solution must complete the purchase of a privilege identity management solution before December 31, 2010.  A countdown clock, as well as a comprehensive description of the logistics, impact and business scenarios, can be found atSection179.org.

Eligible software cannot be “custom code” and in general needs to be commercially available “off the shelf” and, according to Section179.org, the guidelines in order to be eligible for this deduction include:

  1. “The software must be purchased outright or financed (only specific leases or loans qualify) by the company taking the deduction.
  2. The software must be used by the business.
  3. The software must have a determinable useful life
  4. The software must be expected to last more than one year.”

If you are thinking of eliminating admin rights from your organization then start your research here now.

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Additional articles

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PowerBroker for Mac: A Least-Privileged Apple a Day…

Posted July 27, 2015    Jason Silva

BeyondTrust PowerBroker for Mac reduces the risk of privilege misuse by enabling standard users on Mac OS X to perform administrative tasks successfully without entering elevated credentials.

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On Demand Webinar – Now is the time for Privileged Account Management

Posted July 24, 2015    BeyondTrust Software

In this webinar, SANS Instructor and Founder of Voodoo Security, Dave Shackleford, will revisit several hacking and breach scenarios that involved privileged accounts, and use these as examples while discussing tools and tactics to get this problem under control once and for all.

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Privileged Account Management: The Time is Now

Posted July 22, 2015    Dave Shackleford

There’s plenty of problems we don’t have great options for in InfoSec today. Malware is a pain point that keeps evolving rapidly. 0-day exploits are tough to prepare for. Privileged account management? We got this. We know the root causes, we know how it manifests, we know how to get it under control effectively, and there are great technology solutions that are enterprise-class.

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