The window of opportunity to write-down or write-off excess inventory for 2014 is closing, as Dec 31st draws near. For organizations who wish to achieve the most tax benefit, these steps should be taken soon, so that the equipment can either be sold, donated, remarketed, or scrapped.
While this process can be easy, some organizations delay action when it comes to disposing of IT assets because they want to be sure that any potentially sensitive data is properly destroyed, and they may not have the in-house resources to inventory their equipment and perform these services. However, storing data containing devices only increases their risk of being misplaced, lost, or stolen. For instance, a recent report by the California State Attorney General states that 70% of data breaches in the last two years were the result of lost or stolen data containing hardware or digital media.
We’ve written before about the importance of finding a partner to work with for IT asset disposition, and the year’s end is no exception.
If your organization would like us to assist in inventorying and destroying its excess equipment before year’s end, contact us today. We’ll be happy to provide these services.