An Update on Silicon Valley Bank: Steps you can take to protect your business in this environment
As you may know, on Friday, March 10, 2023, Silicon Valley Bank (SVB) was shut down and placed into receivership.
We strongly advise all Blue Fox clients, subscribers, and friends to ensure that the balance held at your bank(s) is at or below the FDIC-insured limits. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
Steps to Protect Your Business!
[ The following guidance is provided by our trusted advisor and PEO Company, JustWorks ]
Even if you do not bank with SVB, here are some things for you to think about. Some of these may be seen as general best practices, but they also reflect what we’ve learned as we’ve helped impacted customers navigate the current SVB situation.
Welcome to the Blue Fox Blog! A fairly entertaining source of info and news related to our company, nonprofits, social sector trends, and, of course, accounting. Enjoy!
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