Riverbend Accounting - Margie Grife, CPA

08/29/2026

The most basic (and sometimes most beneficial) way to save on taxes is through retirement plans.

💵If you’re employed, it’s time to ask your employer about retirement options (and always take advantage of matching contributions)!

💰If you’re self employed, ask your accountant or financial advisor about the type of retirement account that is right for you.

08/28/2026

The warns of an evolving digital assets scam where fraudsters are sending fake IRS letters that direct you to enroll your cryptocurrency in a “Digital Asset Compliance Portal” by a certain deadline. No such portal exists.

If you receive this notice, do not scan the QR code or provide any personal or financial information. Scammers are trying to steal your information and digital assets.

Stay alert and report these scams at www.irs.gov/scams

08/23/2026

As summer comes to an end, will be here before you know it and so will the October 15 extension deadline. If you have everything you need to file, don't wait - you can file any time before the deadline. https://ow.ly/fynf50ZACVh

07/25/2026

Small win for the people!

: A significant win for taxpayers, the IRS is implementing the Automatic Exemption from Penalty (AEP) program. This change means eligible taxpayers will no longer need to request first-time penalty relief; it will be provided automatically.

Key Highlights:
• AEP will reduce the burden on taxpayers, especially those who are low-income or unable to afford representation.
• The IRS will automatically identify eligible taxpayers and suppress certain penalties, making the process more efficient and fair.
• This change is expected to benefit hundreds of thousands of taxpayers who previously missed out on relief due to lack of awareness or access.

The AEP program is a major step forward in modernizing tax administration, ensuring that relief is accessible to all, regardless of their ability to navigate the IRS system. As we celebrate this achievement, we also urge the IRS to preserve reasonable cause relief to ensure that taxpayers receive the most appropriate assistance based on their unique circumstances. For more details on how AEP will work and what it means for you, read the full blog post here: https://ow.ly/HGfx50ZqROS

Together, we can make tax administration more efficient and equitable!

07/15/2026

Many people earn extra money from hobbies. But when does a hobby become a business? Learn what the says to consider when determining whether an activity is a hobby or business for tax purposes: https://ow.ly/H69C50Z7lWT

And happy hunting to those headed to the Brimfield Antique Show in Massachusetts!

Brimfield Antique Flea Markets Guide

07/15/2026

We now have a drop box at our office! Thank you, Matthew at Hall Handyman Service for the box and for getting our sign to finally light up!

07/14/2026

After hiding in boxes for too long, these bad boys are on their way to the office!

Degrees and CPA designations are something to be proud of—they represent years of hard work and dedication.

But credentials aren’t everything; integrity, experience, and reliability matter just as much.

07/11/2026

07/03/2026

Great info concerning 4547 accounts!

06/15/2026

Estimated Tax Payments for Q2 Due today!
Here are some notes to pay that successfully:
- Log in to your IRS.gov account or go to https://www.irs.gov/payments
- Make the payment under the spouse that is listed first (if filed jointly)
- Save your confirmation and send it to your tax preparer!
- Making your estimated tax payments on time will save you from penalties and interest
-Fun fact: If you wait until the 4th quarter to pay all your estimated tax payments, you could still pay penalties since timing matters to the IRS! (Okay, that was a not-so-fun fact)
- This is also a great time to check and adjust your job withholding if you owed more than expected for 2025 or got too big of a refund.
-Reach out if you need assistance!