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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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Making Windows Endpoints the Least of your Worries

Posted September 2, 2015    Nick Cavalancia

We’re all concerned that someday an external hacker will try to gain access to your company’s critical data and systems. The problem? Your endpoints – both your workstations and servers – bypass (and often leave) the safety and security of your environment daily.

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Why Customers Choose PowerBroker: Low Total Cost of Ownership

Posted September 2, 2015    Scott Lang

In a survey of more than 100 customers, those customers indicated that BeyondTrust’s low powerbroker-difference-2total cost of ownership was a competitive differentiator versus other options in the privileged account management market.

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Passwords: A Hacker’s Best Friend

Posted September 1, 2015    Larry Brock

After all the years of talk about biometrics and multi-factor authentication, we still have passwords and will likely have them for a long time. Because many “high risk” systems require complex passwords (zk7&@1c6), most people that use them believe their passwords are secure. But they aren’t.

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