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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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Don’t Create a Different sudoers File for Each System

Posted May 20, 2015    Randy Franklin Smith

What if you have multiple Linux and/or Unix systems? Sudo management can become onerous and unwieldy if you try to manage a different sudoers file on each system. The good news is that sudo supports multiple systems.

password-safety

What Does Microsoft Local Administrator Password Solution Really Do?

Posted May 19, 2015    Morey Haber

LAPS is a feature that allows the randomization of local administrator accounts across the domain. Although it would seem that this capability overlaps with features in BeyondTrust’s PowerBroker Password Safe (PBPS), the reality is it is more suited for simple use cases such as changing the local Windows admin account and not much more.

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On Demand Webinar: Securing Windows Server with Security Compliance Manager

Posted May 14, 2015    BeyondTrust Software

On Demand Webinar: Security Expert Russell Smith, explains how to use Microsoft’s free Security Compliance Manager (SCM) tool to create and deploy your own security baselines, including user and computer authentication settings.

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