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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

Dark Reading

2014: The Year of Privilege Vulnerabilities

Posted December 18, 2014    Chris Burd

Of the 30 critical-rated Microsoft Security Bulletins this year, 24 involved vulnerabilities where the age-old best practice of “least privilege” could limit the impact of malware and raise the bar of difficulty for attackers.

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Looking back on information security in 2014

Posted December 16, 2014    Dave Shackleford

Dave Shackleford is a SANS Instructor and founder of Voodoo Security. Join Dave for a closer look at the year in security, and learn what you can do to prepare for 2015, with this upcoming webinar. 2014 has been one heck of an insane year for information security professionals. To start with, we’ve been forced…

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patch-tuesday

December 2014 Patch Tuesday

Posted December 9, 2014    BeyondTrust Research Team

This month marks the final Patch Tuesday of 2014. Most of what is being patched this month includes Internet Explorer, Exchange, Office, etc… and continues a trend of the greatest hits collection of commonly attacked Microsoft software. Probably the one thing that broke the mold this month is that for once there is not some…

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