PAS Accounting & Tax Services, Inc.

11/20/2022

Here we go …… SKOL! 💜💛

09/11/2022

I’m back ….. Where’s Patti???

SKOL. 💜💛

01/11/2021

Happy Sunday January 10th .... just a quick reminder; if you make estimated tax payments throughout the year your 4th quarter (and final) payment is due on Friday the 15th.

Also, start watching your mail for those envelopes that say “important tax information” you’re going to be needing this information to file your taxes. They will start to arrive over the next couple of weeks. If you think you have all your information, it’s time to schedule your tax appointment.

See you all soon!

11/15/2020

We are all pandemic fatigued and so over our life being restricted, but ..... please, please, please; mask up and social distance when you gather with others, and in public places. We all want our lives to get back to normal but it won’t happen if we don’t all do our part. ♥️

05/14/2020

01/05/2020

Just a friendly reminder that your 4th quarter estimated tax payments will be coming due on Wednesday January 15th.

If you need an estimated tax coupon to make your payment, contact our office and one will be gotten out to you ASAP.

10/11/2019

This will be a semi long post. As you read it please note that we were NOT compromised because of the measures we took when dealing with this client. We are in contact with authorities and one suggestion they had was to post something to make others aware of what happened to us.

PAS Accounting & Tax Services, Inc. recently has gone through an issue that right now looks to be a scam/fraudulent activity using our services.

Shortly after putting up our web site we were contacted to help a client/business run a "movie training project" with bookkeeping here in Minnesota. Along the way there were several flags that made us suspicious of what we were being told and asked to do for the project. We being the typical "Minnesota nice" company, gave the benefit of the doubt to this client and moved forward to help them, believing that they were just a small business owner being an entrepreneur to make their mark on this world. PAS Accounting deals a lot with small one person businesses. One of the things in this project we were asked to do was to run the finances through our business account (red flag).

The short of the story is, we received funds that we deposited and were asked to wire out funds later in the week to pay for a vendor activity (almost the exact amount available at the time, red flag). As we were working through doing the wire, we come to find out that the funds that were deposited earlier had been stopped. We only knew this because we were dealing directly with the bank on the day the funds were due to be released. If we had not put in roadblocks along the way because of our suspicions we had we would have been out the funds, about $5k.

After this we have been looking into the website and other connections to the client, and some of them have been removed or no responses. Which points us to a scam/fraud situation.

Again, we want others to be assured that there has been NO compromise to client data. We are continuing to investigate the situation.

Please be always vigilant of what people are asking you to do in business or your personal lives. And if something smells or looks fishy, go with your gut and take precautions.

09/17/2019

The Internal Revenue Service (IRS) released Notice 2019-02 providing the 2019 standard mileage rates. Beginning January 1, 2019, the standard mileage rates for the use of a car (vans, pickups or panel trucks) will be:

58 cents per mile for business miles driven, up from 54.5 cents for 2018
20 cents per mile driven for medical or moving purposes, up from 18 cents for 2018
14 cents per mile driven in service of charitable organizations, unchanged from 2018

Notice 2019-02 contains the standard mileage rates, the amount taxpayers must use in calculating reductions to basis for depreciation taken under the business standard mileage rate, and the maximum standard automobile cost that may be used in computing the allowance under a fixed and variable rate (FAVR) plan.

09/06/2019

A friendly reminder that 3rd quarter estimate taxes are due on Monday the 16th (9/16).

If you are a customer and need coupons to mail in with your payment, please contact our office and we will get them out to you.

08/08/2019

Reminder:

Monthly sales and use tax returns for the month of July are due August 20, 2019. You must file a return even if you are reporting $0 in tax