Pilgrim and Assoc. PA

01/16/2025

Edit: our phones and internet are now back up. We are hopelessly tied to the internet and heaven help if the internet ever goes down in any kind of event. (Previous post). Hopefully my internet and phone system will be back up today. Our system has been down since Thursday, Thursday a week ago. We’ve been making do with cellphones and hotspots on our phones. At least I managed to get our phone system to rollover onto my cell phone. I apologize for any disruption you may have experienced.

12/04/2024

Recent developments concerning the Beneficial Ownership Information Reporting foisted on us by our Federal Government.

NFIB applauds today’s decision in the case Texas Top Cop Shop, Inc., et al. v. Garland, et al. at the U.S. District Court for the Eastern District of Texas.

03/15/2024

Hope y'all have a Happy St. Patrick's Day. From the staff of Pilgrim and Assoc., PA

03/05/2024

While this only affects the areas covered by the district court it is a start. They have ruled that the new Corporate Transparency Act and the Beneficial Ownership Reporting requirements unconstitutional https://www.journalofaccountancy.com/news/2024/mar/federal-court-holds-corporate-transparency-act-unconstitutional.html #:~:text=A%20federal%20district%20court%20in,)%20by%20businesses%2C%20is%20unconstitutional

01/19/2024

We will be open today. Our parking lot is still iced over. Please be careful as the ice melts. It is still slippery.

01/18/2024

We are open today Jan 18, 2024. We still have an ice covered parking lot so we do not recommend visiting our office today. We are answering our phones and if you need to get us anything we can receive documents by secure file exchange, e-mail or old school fax. Due to the potential of additional inclement weather we may not be open all day. For the next day or so our hours are determined by the weather. Our phone number is(662) 844-7171 and our fax is (662) 844-7152 if you need to get in contact with us.

01/16/2024

Jan 15, 16, and 17, 2024 We will have limited hours during the recent winter storm. Hopefully we will be back up and running within the next day or so.

01/08/2024

Don’t forget,starting Jan 1, 2024, if you are a small business you may have to report ALL beneficial owners to the Financial Crimes Enforcement Network of the United States Government because …. Well because they need to know who owns your company to make sure you’re not engaging in financial crimes. No, this is not a joke. You can be fined up to $10,000 for failure to comply.

Immediate Release September 18, 2023 WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published a Small Entity Compliance Guide to assist the small business community in complying with the beneficial ownership information (BOI) reporting rule....

11/10/2023

If you receive something from CFS concerning your Annual Report with the State of MS. Throw it away. It is not from the State of Mississippi. This company uses advertising and formats their forms to make you think this is coming from the State of Mississippi

04/14/2023

https://www.wsj.com/articles/income-tax-who-pays-the-most-a4d9f65d

With taxes top of mind right now and the Biden administration proposing to raise them on Americans earning more than $400,000, here’s more to know about U.S. income taxes.

03/16/2023

If you think you may qualify for the ERC credit that has been advertised incessantly by the folks that want a cut of what you may or may not be entitled to, please review the notice the IRS issued on March 7, 2023. The IRS states that you need to carefully review the guidelines and to be aware that there are promoters that are aggressively misleading businesses to believe that they are entitled to something that they are not.

IR-2023-40, March 7, 2023 — The Internal Revenue Service today issued a renewed warning urging people to carefully review the Employee Retention Credit (ERC) guidelines before trying to claim the credit as promoters continue pushing ineligible people to file.

03/10/2023

The current administration wants to destroy your savings and retirements by taxing unrealized capital gains. If you have any money in the market, whether its a 401k, IRA or a brokerage account invested in mutual funds or stocks, you will be adversely affected.