The Internal Revenue Service has issued guidance for retirement plans participants, affected by the COVID-19 virus, who take distributions or loans from those funds. Under the CARES Act, distributions this year are not subject to an additional 10 percent tax for early withdrawals.
Resources, information and product offers for North American businesses coping with the global COVID-19 pandemic are being offered by Xero. The cloud software company has made them available through a resource page that helps organizations understand what government support they can access.
People & Moves
Cloud-based computing provides more security than their own company data centers do, according to 75 percent of information technology professionals responding to the recently released Oracle and KPMG Cloud Theft report. The survey also found businesses are using an almost bewildering number of products to provide security.
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