Savings Alert: 2011 Tax Incentives For IT Purchases

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If you’ve been thinking of purchasing new IT equipment, 2011 could be the year to do it. An increase in the Section 179 Depreciation Deduction Revenue Code increased the deduction limit in 2011 to $ 500,000 for assets up to $ 2 million and now includes purchases on software. This deduction applies to most equipment your business will purchase, finance or lease so it pays to do your homework on how much spending in 2011 and claiming on Section 179 can save your business.

This means that your business could deduct the total cost of certain purchases on equipment one time rather than having to depreciate it over time. This can have huge tax advantages because large equipment purchases can significantly reduce your tax obligation. Here is an example of the potential savings on a purchase of $ 50,000 for new equipment:

  • Original cost of equipment: $ 50,000
  • Assumed tax bracket: 35 percent
  • Total first year deduction: $ 50,000
  • Tax savings on equipment purchase: $ 17,500
  • Lowered new cost of equipment after tax savings: $ 32,500

NOTE: If you wait until 2012, the limit on the Section 179 deduction will decrease to only $ 125,000 for assets only up to $ 500,000. More information on Section 179 can be found at Section179.org or by speaking with you tax advisor.

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Hurricane Irene is coming to Columbia, SC. Is your business ready?

All of the latest predictions have Hurricane Irene slamming in to the SC coast by the weekend. Is your business ready?

Click here to download a Hurricane Preparedness Checklist

As we enter the peak of hurricane season, meteorologists are updating their forecasts, now predicting seven named storms (five to reach hurricane strength) in the next 30 days, with at least three storms expected to make landfall in the United States. Time is of the essence; don’t wait until a hurricane is approaching your business to start getting ready. Call me today and let me help you with your disaster recover needs.

Here is a neat video from our partners over at Agility that talks about risk in a business.

 

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Tablets: Revolution in the Making?

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People who study technological advances and world-changing innovations typically agree on one point: nothing revolutionary comes out of the blue.

New ideas and technologies spend a long time hiding in plain sight before they suddenly change the world as we know it. Moreover, the agents of radical change are often already familiar to us.

Consider the Internet Revolution. At its heart you have a rather mundane concept: connect a bunch of computers to each other. But think about how much this mundane concept has changed our lives — often in exciting and unexpected ways.

The Internet Revolution seemed to happen in the blink of an eye, but computers –even computer networks — had been around for decades. The same goes for other ‘breakthroughs’ in history. Automotive technology was already old news by the time Henry Ford came along and changed the world with his Model T. Going back even further, we learn that moveable type had been around for years before Gutenberg unveiled his printing press. (» See also: Everything Is a Remix)

Which brings us to tablets. The technology behind tablets is familiar. Impressive, yes, but not mind-blowingly new. Yet there are indications that there’s a tablet-driven revolution in the making.

After years of simmering on the back burner, tablets have suddenly reached a boiling point. They are now threatening the dominance of traditional computing devices—PCs. You can see these slim machines at work in virtually every industry, from the courtroom to the cockpit.

What do you think? Will tablet computers become the catalyst for major change — on the scale of networked computers (aka the Internet)? Many people will shrug and say the tablet as just another computer, only smaller. Then again, the Internet is just another network, only bigger.

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Free Tools for Tracking Your Online Reputation

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Keep tabs on the conversation! Here are some great resources for watching what’s happening with your name and reputation online.

  1. Google Alerts – Get free email updates of the latest relevant Google results (web, news, etc.) on your brand name or industry keywords.
    » http://www.google.com/alerts
  2. SocialMention – Like Google Alerts, but for social media. Get free email alerts when certain phrases (e.g. your brand name) get mentioned in the social mediasphere.
    » http://socialmention.com/alerts
  3. TweetDeck – Put your finger on Twitter’s collective pulse. TweetDeck presents your connections and feeds for easy viewing and organization.
    » http://www.tweetdeck.com
  4. Technorati – A blog search engine and directory, Technorati lets you see the rank and authority of all blogs on the web (i.e. yours and your competitors’).
    » http://technorati.com
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Join us for a FREE Data Protection Webinar on Tuesday, July 19

Every business relies on its data and apps. In fact, they’re so important that losing them (even temporarily) can mean curtains for a company.

Yet many companies aren’t even sure they’re adequately protected against data loss. They’re typically too distracted with day-to-day duties – but nagging fears linger.

Join us for a free webinar on Tuesday, July 19 at 12:30 ET (11:30 CT, 10:30 MT, 9:30 PT) exploring:

  • The major data loss risks small businesses face
  • The frightening impact of data loss on businesses
  • Laws/regulations impacting many industries in regards to data protection
  • Common misconceptions about outdated backup systems
  • The requirements of an effective data protection system
Click Here to Sign up Now. Use Code Number: ES27
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A Worrywart’s Guide to Cloud Computing

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Can the cloud be trusted? Yes, but you still have to do your homework!

The public cloud represents a utility model of computing: you pay for what you use, scaling up or down as needed, without having to worry about back-end stuff like installing updates and keeping server racks cool.

But giving up the burdens of management also means giving up the comforts of control. How can you be sure your cloud provider has your best interests at heart? Will they take steps to ensure the safety of your data?

According to research from the Ponemon Institute, the majority of cloud providers (69 percent) believe security is primarily the responsibility of the cloud user. A mere 16 percent of cloud providers say security is a shared responsibility.

In other words, you’re right to be worried. But not too worried. Worry, in the correct dosage, is a good thing, because it leads to smarter decisions. In excess, it gets in the way of opportunity.

So don’t let security concerns paralyze you. The cloud is a wonderful thing, and if you’re scared of the above statistics, you shouldn’t be, because cloud providers are right: security is your responsibility, no one else’s. (So is finding quality vendors, many of whom are seeking a competitive advantage by offering comprehensive security to their clients. Hint, hint.)

As an aside, we predict most cloud vendors won’t be so blasé about security for very long, once the adoption of cloud computing plateaus, with a lot of small and mid-size businesses (SMBs) waiting for cloud providers to get serious about security.

The larger point we wish to make is that you can never assume security. You must research, trust (and then verify) when you choose a public or private cloud provider, or take steps on your own end to mitigate your risk. In an ideal scenario, you’ll do all of the above.

This makes finding a cloud computing vendor a lot like finding any other vendor when sensitive information is involved. For example, if you’re looking for payroll services, do you take steps to ensure the trustworthiness of the service provider who will be handling your employees’ personal information, including social security numbers and bank account numbers? Of course you do! The same kind of due diligence — no more, no less — is required when moving IT apps or parts of your infrastructure to the cloud.

Speaking of due diligence, here’s a list of suggested criteria when considering a cloud vendor:

Evaluating a prospective cloud provider
Key metrics for measuring overall trustworthiness:

  • Years in business
  • Datacenter locations
  • Customer reviews (online, firsthand)
  • SAS70 certification
  • BBB accreditation/compliant history
  • Customer service (accessibility, reliability)
  • Secure socket layer (SSL) protection?
  • Privacy policy – Clear and fair?
  • Terms of service – Clear and fair?
  • Vertical-specific considerations: HIPAA, PCI DSS compliance

If you need assistance or have specific questions, we’re happy to work with you and evaluate the solutions that are right for your business needs. Also, we can help you explore available options (including hybrid-cloud solutions) that can keep your business going in the right direction. Contact us with any questions you may have!

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Who Goes There? Understanding Multi-Factor Authentication

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A bedrock element of IT security involves granting and restricting access. When we think of access, we generally think of user names, PINs, and passwords — the mainstays of identity authentication in the information age. We use them all the time throughout the course of the day: accessing our devices, networks, local applications, and cloud apps.

For people who spend a lot of time thinking about information security, things like passwords, user names, and security questions constitute one type (one factor) of authentication. Namely, these are all things the user knows.

The federal government recognizes three distinct authentication factors: things you know(passwords, answers to security questions), things you have (keys, swipe card), and things you are(i.e., physical traits such as eye color, fingerprints). Adding a second factor offers a significant jump in security. A third factor — facial recognition or iris scan, for example — offers an even greater deterrent against unauthorized access. Military and intelligence agency networks are often guarded by three-factor authentication.

For a network or application to qualify as having “multi-factor authentication,” the user must be required to clear two out of three authentication factors.

There’s a lot of confusion about what qualifies as multi-factor authentication and what doesn’t. For example, if you’re required to type seven passwords to access an application, there’s still only one factor of authentication between you and the app — that’s because those passwords are all things you know.

Now to Facebook. Recently, the social network rolled out a multi-factor authentication process, which it calls “log-in approval.” When a Facebook user tries to access her account from an unrecognized computer, Facebook sends a unique, one-time code via text message to her mobile device. She then inputs the validation code and is granted access to the social network.

At first blush, this looks a lot like single factor authentication. The code is another bit of information the user knows, right? The difference is that the user must have his cell phone in order to receive the randomly-generated code. With two out of three factors, Facebook’s “log-in approval” scheme meets the multi-factor standard.

We’ll conclude with a question for you to ponder: Would you feel more secure or less secure if Facebook rolled out three-factor authentication? :)

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Don’t Let the Heat Bring Down Your Information

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Summer is here and with it, the return of record high temperatures all across the east coast of the United States and especially in South Carolina.

Remember, as it gets hotter, we are more likely to have electrical brownouts. Also, the hot weather produces those afternoon thunderstorms that frequently knocks out power, sometimes for an extended period. Backing up your power with an  Uninterruptible Power Supply (UPS) is a great way to protect your technology and eliminate downtime due to power outages. Consider the following:

  1. Invest in a UPS.
  2. Keep Laptops charged.
  3. Keep back-up battery on hand and charged.
  4. Consider installing a generator or other power backup device.
  5. Find out the costs of moving your computer equipment into a proper data center.

Keep yourself and your data cool this summer!

 

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Should My Practice Move to the Cloud? Or a Data Center?

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I found this article over at HealthCare IT news. Although the aritcle talks mostly about hospitals and their decisions regarding the cloud or a data center, I think the article applies to nearly all types of  ”data intensive” businesses (doctors, attorneys, CPAs, etc).

We help our clients with these types of decisions when we engage with our vCIO (Virtual Chief Information Officer) services, either as part of  a Managed Service Contract or on a project basis.

Let me know if I can help your business with these types of decisions.

“Datacenters are booming. Demand grew 13% in 2010 and is expected to continue to accelerate according to New York research firm Tier 1. However, demand has outpaced the rate of construction for physical space, thus alternative strategies of data management are being considered.  Hospitals and health systems are evaluating substitute economic efficiencies for storing electronic health records, diagnostic images, email programs, and other applications. The two current practical models are: the presently preferred method of internally and physically housing thousands of servers known as data centers; and cloud storage, the virtual model also utilizing thousands of serves, although off-site.”

Read the rest of the article at HealthCare IT News.

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Does your business need to worry about Hurricane Season in Columbia, SC?

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With hurricane season a mere 20 days away, it is time to prepare for what is predicted to be an active season. Although the tropics are quiet now, meteorologists from Weather Services International (a Weather Channel company), have predicted 15 named storms, 8 hurricanes and 4 major hurricanes this year.

Click here for WSI’s 2011 Hurricane Season Forecast.

With those statistics in mind, it is imperative to prepare now, not when the first storm threatens the coast. Agility has put together the following resources to help prepare your business, employees and community.

  • Agility Hurricane Webinar: Guest Speaker Ben Papandrea from Weather Services International will present: “Protecting Your Business This Hurricane Season.” Wednesday, May 25th at 2pm EST. 
    Click here to register.
  • Hurricane Preparedness Checklist: A comprehensive checklist detailing the various steps to take before, during and after a hurricane.
    Click here to download.

Be on the lookout for next week’s Disaster Recovery tip from Agility. If you have additional questions or would like to talk with a recovery professional about your business continuity needs visit call 803-760-1801 or email Craig Augenstein.

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