WealthSpring Financial Services

This Christmas, we sincerely thank you for your trust and for allowing us to be a part of your financial journey. We wish you a holiday season filled with joy, peace, and unforgettable moments with your loved ones.

New York State has made $50 million
available for the NYS Child Care Capital Program

Quality child care is critical to New York families as it provides a safe environment for children, while also providing the educational foundation for the next generation of New Yorkers. Working families struggle to find quality programs in their communities in every corner of the State. In order to effectively address New York’s continuing need for affordable, quality child care services, New York State has made $50 million available for the NYS Child Care Capital Program.

ocfs.ny.gov

JANUARY 1 DEADLINE APPROACHING FOR REPORTING BENEFICIAL OWNERSHIP INFORMATION

Beginning on January 1, 2024, many companies in the United States will have to report information about their beneficial owners, i.e., the individuals who ultimately own or control the company. They will have to report the information to the Financial Crimes Enforcement Network (FinCEN). FinCEN has launched a nationwide public service campaign to bring this information to potentially impacted business owners. It is imperative that you are aware of the FinCEN reporting requirements and know where to access additional information. Failure to file (timely or at all) may result in hefty penalties.

January 1 deadline approaching for reporting Beneficial Ownership Information Beneficial Ownership Information