Innovative Tax Advisor

Tax season doesn’t have to be stressful.

Whether you’re filing a simple return, navigating small-business taxes, or facing a “what do I do now?” moment, Innovative Tax Advisors is here to help with smart, personalized tax solutions.

📍 205 Townepark Circle, Ste 200
Louisville, KY 40243
📞 502-244-5505
🌐

About Us - Plan, Prepare, File Learn more about ITA's innovative approach to tax services for individuals & small businesses, ensuring your financial peace of mind.

📌 Kentucky Tax Update: What You Should Know

As of January 1, Kentucky’s individual income tax rate has been reduced from 4% to 3.5%. This change affects how much income tax many Kentuckians will owe going forward and is part of a broader, long-term shift in the state’s tax structure.

In addition, income earned by minors is now exempt from Kentucky state income tax. This update may benefit families with teenagers who work part-time jobs, summer positions, or participate in apprenticeships. It also creates new opportunities for young earners to save, invest, or put money toward education.

While tax rate changes can have broader impacts on state budgeting, the key takeaway for individuals and families is understanding how these updates affect your personal tax situation.

If you have questions about how these changes may impact your withholding, planning strategies, or family finances, we’re here to help.

📞 Let’s plan ahead.

At Innovative Tax Advisor, our mission is simple but bold: to revolutionize the tax experience.

Through cutting-edge planning, expert preparation, and seamless filing, our team combines top-tier expertise with trailblazing technology to deliver clarity, confidence, and results. We don’t just meet expectations—we redefine client satisfaction and set a new standard for excellence in tax services.

As we close out 2025, we’re proud of the trust our clients place in us and excited for what’s ahead. Here’s to smarter strategies and stronger financial future.

🎄 As the year comes to a close, we know your focus is on family, friends, and finishing strong—not stressing over taxes.

At Innovative Tax Advisors, we specialize in helping small business owners and individuals feel confident heading into tax season with smart, proactive planning.

A quick year-end check-in can help:
✔️ Reduce surprises in January
✔️ Identify last-minute tax opportunities
✔️ Set you up for a smoother filing season

Wishing you a joyful Christmas and a financially sound New Year.

Back in January 2025, Goodman Weber joined forces with Innovative Tax Advisors—and what an incredible year it has been!
This merger has allowed us to blend strengths, expand our team, and elevate the way we serve our clients.

With our expertise united, we’ve been able to dedicate even more attention to small business needs, streamline personal tax return support, and provide the kind of hands-on guidance our clients deserve.

As we close out 2025, we’re grateful for the trust you’ve placed in us and excited for everything the year ahead will bring. Here’s to continued growth, innovation, and partnership!

About Us - Plan, Prepare, File Learn more about ITA's innovative approach to tax services for individuals & small businesses, ensuring your financial peace of mind.

We're excited to announce that as of January 1st, we're now a part of Innovative Tax Advisors. We made this merger for many reasons, but the most important one is to be able to provide a higher level of tax planning and services to our clients. Please reach out to us at 502-244-5505, or at www.itaxadv.com to hear more.

itaxadv.com

https://www.usatoday.com/story/money/2023/07/12/tax-sites-shared-personal-data-meta-google/70406641007/

Tax prep firms like H&R Block shared taxpayer data with Facebook and Google, lawmakers say Tax prep companies have potentially violated privacy laws by sharing taxpayers’ sensitive data with Facebook parent company Meta for years.

IRS delayed the new 1099-K limits for Paypal and Venmo. This is great news!

https://www.irs.gov/newsroom/irs-announces-delay-for-implementation-of-600-reporting-threshold-for-third-party-payment-platforms-forms-1099-k?fbclid=IwAR146DYgK7Cgg9ew5tDwKhV_SqNpQigXu2Y-Yv2GcZGNxQPpj9kR0v_DcuM

IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K | Internal Revenue Service IR-2022-226, December 23, 2022 — The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.

The IRS is making some adjustments to their automated collections given that there are millions of unprocessed returns. These notices are designed to scare you into paying quickly. If you get a notice you don't understand, we're available anytime to review and interpret for you.

IRS Statement — Providing meaningful assistance to taxpayers in the current environment | Internal Revenue Service January 27, 2022 — A statement about IRS providing meaningful assistance to taxpayers.

The IRS has announced that they will begin accepting 1040 returns on Monday, January 24th. We are ready to help you get your 1040 filed as soon as possible, and can transmit them that morning if you want to be first in line for your refund. Reach out to us at (502)339-0342, and we can see you today!

Goodman & Weber in Louisville, KY has been recognized as a Platinum COVID Stops Here workplace for achieving a 100% vaccination rate.

The COVID Stops Here campaign recognizes Kentucky workplaces that have achieved widespread vaccination against COVID-19. Organizations that have achieved at least a 70% vaccination rate are eligible to receive a designation.

It is critical that Kentuckians work together to stop the spread of coronavirus — including the dangerous new Delta variant. Vaccination is the best way to stop COVID-19.

The Kentucky Chamber of Commerce developed the COVID Stops Here campaign as a way to celebrate workplaces that are leading the fight to stop COVID-19 — and to encourage more organizations to join their ranks.

“The COVID-19 vaccine is Kentucky’s pathway to recovery. Goodman & Weber is helping set the bar for vaccination in Kentucky by achieving Platinum COVID Stops Here status — meaning 100% of their employees are now vaccinated against COVID-19. This is a great achievement and we thank them for helping our state stop this dangerous virus,” said Kentucky Chamber President and CEO Ashli Watts. “Employers are playing a very important as we work to encourage vaccination in Kentucky. In order to finally put this virus behind us, we need Kentuckians to get vaccinated as soon as possible. Together we can stop this virus, let’s make sure that COVID stops here!”

Learn more at kychamber.com/CovidStopsHere

COVID Stops Here | Kentucky Chamber The COVID Stops Here campaign recognizes Kentucky workplaces that have achieved widespread vaccination. We are celebrating employers that are leading the fight against this virus — and encouraging more Kentucky workplaces to join their ranks.