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River Valley CPAs & Advisors

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United States
Russellville, AR
River Valley CPAs & Advisors

We are an experienced accounting firm that specializes in serving small businesses, individuals, and agri business.

We offer income tax preparation, bookkeeping, payroll, sales tax, trust and estate planning.

06/19/2026

🚨 ANOTHER QUICKBOOKS PRICE INCREASE 🚨

Just when you thought your software bill couldn't get any higher...

Our own QuickBooks renewal is increasing from $3,762 to $5,304 per year. 🤯

And QuickBooks Online users aren't escaping either. Several plans are getting another round of price increases.

For years, business owners have been told:

💡 "You don't need an accountant. Just do it yourself."

But here's what often happens:

❌ Software fees keep going up
❌ Payroll subscriptions keep going up
❌ You're still doing the bookkeeping and payroll yourself
❌ You're spending evenings wondering if it's right

And eventually, many business owners feel trapped because they've been led to believe an accountant would cost even more.

Ironically, we often find the opposite is true.

A good accountant doesn't just save you time. We can often:

✔ Save you the software fees
✔ Save you hours every month
✔ Catch costly mistakes
✔ Suggest tax strategies that save real money
✔ Give you confidence that your books are right

Software is a tool.

Advice is what creates value.

If your bookkeeping software is costing more every year, it may be time to ask:

"Am I paying all this money just to do the work myself?"

Easy to reach. Easy to talk to.

06/12/2026

Our clients don't have to turn to AI because their CPA won't take their calls. We are meeting with clients and answering your questions. Even outside of tax season. If you are tired of the runaround, give us a call. 479.968.3500

06/01/2026

🎉 GOOD NEWS!! 🎉

It looks like the IRS is finally processing electronically filed extensions from about 90 days ago.

Remember those penalty notices we posted about? We received one ourselves, despite having a timely filed extension that was accepted by the IRS before the deadline.

Today, we received another letter from the IRS...

✅ Balance Due: $0.00

The IRS finally processed the extension and corrected the account.

If you received a late-filing penalty notice but know an extension was filed on time, it may be worth waiting a few weeks to see if the IRS updates your account on its own, especially if the extension was filed electronically.

Unfortunately, mailed extensions appear to be taking even longer.

And for those wondering if calling the IRS helps...

We called at 8:00 AM sharp this morning and were greeted with:

📞 "Your estimated wait time is greater than 60 minutes."

Some things never change.

If you've received an IRS notice don't panic. They are wrong more often than you think!

Easy to reach. Easy to talk to.

05/28/2026

🚨 IRS LETTER UPDATE 🚨

Remember our recent post about the IRS sending out bizarre notices that made no sense?

Well… now we’re getting them too.

The IRS accepted our extension SEVEN DAYS before the deadline, and still mailed us a demand letter anyway.

Unfortunately, this is becoming more and more common. They are getting worse, not better.

The frustrating part is that many of these notices are for relatively small amounts. We may know the IRS is wrong, but sometimes it costs more in professional fees to fight the notice than the amount they are demanding.

And that is one of the hardest conversations we have with clients.

Because at the end of the day, our responsibility is to do what is BEST for our clients, not create bigger bills trying to prove a point to the IRS.

Please know:
✔️ We review every IRS notice carefully
✔️ We will always be honest about the best course of action
✔️ And if a notice looks wrong, there’s a very good chance it actually is wrong

If you receive an IRS letter, don’t panic. Send it to us first.

Trust us… we understand the frustration.

Easy to Reach. Easy to Talk To.

05/23/2026

Happy Birthday Kelsey!
Everyone at River Valley CPAs wishes you at wonderful day.
We are all glad you are part of the work family!

05/21/2026

⛽ High Gas Prices Got You Down? You May Qualify for a Fuel Tax Credit.

With gasoline prices remaining stubbornly high, it's a good time to talk about one of the most overlooked tax credits available to farmers and small businesses: the Federal Fuel Tax Credit.

When you buy gasoline, part of what you're paying is federal fuel tax used to fund highways and roads. But if that gasoline is used off-road, you may be entitled to a credit or refund of those taxes.

Common qualifying uses include:
• Farm equipment
• Lawn mowers
• Generators
• ATVs and UTVs used in business or farming
• Power washers
• Other off-road equipment

Here's the catch: Most farmers in our area already use off-road (dyed) diesel, which is exempt from road fuel taxes. In those cases, you've likely already received the benefit.

However, if you're purchasing taxed gasoline for qualifying off-road use, there could be money waiting to be claimed on your tax return.

The rules are more complicated than most people realize, and many taxpayers either miss the credit entirely or claim it incorrectly.

With fuel prices where they are today, every dollar counts.

Easy to reach. Easy to talk to.

05/13/2026

🚨The Hidden Cost of DIY Bookkeeping & Payroll🚨

Many business owners think doing it themselves saves money.

Let’s break that down.

Using QuickBooks Desktop Enterprise with payroll:
• Software: $2,200/year
• Payroll Subscription: $805/year

That’s over $3,000 per year…
Or about $250/month just to do it yourself.

And that doesn’t include:
• Your time running payroll
• Your time doing bookkeeping
• Filing payroll reports
• Fixing mistakes
• Wondering if everything is actually correct

So now you’re paying $250/month + your time + your stress

All to hope it’s right.

At some point, it’s worth asking:

👉 Is DIY really saving money?

Or is it costing more than having it done professionally (and correctly) the first time?

If you’re ready to stop second-guessing your numbers, let’s talk.

Easy to reach. Easy to talk to.

05/07/2026

Should Mom Put Her House in My Name?
We get this question all the time.
The honest answer?
Probably not.
On the surface, it sounds simple. But putting a house in your name while Mom is still living can create two big tax problems:
1️⃣ Gift Tax Filing Requirement
If the home is worth more than the annual limit ($19,000), a gift tax return is required.
2️⃣ You Lose the Step-Up in Basis (This is the big one)
This is where things can get expensive.
Let’s say Mom bought her home 50 years ago for $50,000.
•If she gifts it to you now and you later sell it for $250,000…
👉 You could owe tax on $200,000 of gain
•If you inherit it instead…
👉 Your cost basis becomes the value of the house at her date of death
👉 Sell it for $250,000 shortly after?
👉 Little to no taxable gain
That difference can mean thousands in taxes.
So what’s the alternative?
Many of our clients use something like a beneficiary deed, which allows the home to pass to you without giving up that step-up in basis. We often work with attorneys to get the best possible outcome for client's entire family.
The Bottom Line
A quick conversation on the front end can save:
✔️ Thousands in taxes
✔️ Unnecessary paperwork
✔️ A lot of headaches later
📞 If this is something you’re considering, let’s talk it through first.
Easy to reach. Easy to talk to.

04/30/2026

🚨 INCOMING IRS INSANITY 😵‍💫

We’ve been seeing a wave of IRS letters lately saying they couldn’t direct deposit a taxpayer’s refund due to incorrect bank information…

There’s just one problem.

👉 There was no refund.
👉 The taxpayer actually owed money.

Yes… really.

This is just a small glimpse into the kinds of issues we deal with behind the scenes. And as the IRS rolls out more technology and AI, we expect to see more situations like this.

If you receive a letter that doesn’t make sense, don’t panic.
There’s a good chance it’s an IRS error, not yours.

We make every effort to prevent our clients from ever hearing from the IRS, but sometimes, you just can't stop them all.

We think the IRS hates tree.

04/22/2026

“What do accountants do after April 15th?”

We get that question a lot 😄

The truth is… we don’t slow down. We shift gears!

Right after tax season, we’re already working on the next round of deadlines:

📅 April 30 – 1st Quarter Payroll Tax Reports Due
📅 May 1 – Arkansas Franchise Tax Reports Due

And that’s on top of:
• Ongoing payroll processing
• Bookkeeping deadlines
• Client questions and planning

There’s no “off-season” in accounting. Just a new set of priorities.

So if you need us after April 15th… we’re still here, still working, and still ready to help.

Easy to reach. Easy to talk to.

Address

210 West 10th Street
Russellville, AR
72801

Opening Hours

Monday	8am - 4:30pm
Tuesday	8am - 4:30pm
Wednesday	8am - 4:30pm
Thursday	8am - 4:30pm
Friday	8am - 12pm

Telephone

+14799683500

Website

http://rivervalleycpas.com/

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