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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

IRS-Data-Breach

The tip of the IRS data breach – and it IS an iceberg

Posted May 27, 2015    Morey Haber

The IRS has been warned for decades about their security best practices. And now, at least 100,000 Americans have had their records compromised. How? The IRS uses a service called “Get Transcript”.

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Tales from the Datacenter: Vulnerability Management Nightmares

Posted May 27, 2015    Dave Shackleford

Vulnerability scanning, threat management, risk analysis, patching, and configuration management are some of the major activities usually associated with vulnerability management, and none of these are new…so why are we failing so badly at many of them?

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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.