Innovative Accounting of Lexington KY Bookkeeping & Accounting Services CPA firm

° ° ° TAX PREPARTION FOR 2024 TAX RETURNS ° ° °

Due to high demand, we are only accepting new Accounting & Bookkeeping Clients at this time. We are not accepting any new clients who only need Tax Preparation or Tax Planning.

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° ° ° Value Adds ° ° °

We bring value in four forms:

Monetary Value

Time Savings

Eliminate Risk

Peace of Mind

° ° ° Our Services ° ° °

Accounting & Bookkeeping Services to Fit your Needs

Bookkeeping Packages

Certified QuickBooks Advanced ProAdvisor bookkeepers and CPA reviews and Financial Analysis give you peace of mind and accurate financials.

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Tax Preparation

Our tax planning, preparation, extensive reviews and in-depth processes ensure that your tax forms are filed accurately, and you don’t pay more than you absolutely have to.

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Quickbooks Clean-Up Packages

Any mess is not too big for us; we can help you get your Quickbooks back to where it should be.

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Who We Are

We believe that innovation is happening all around us, all the time, and we take advantage of the technology that is out there in order to provide a better experience for both our clients and our employees. We are a fully virtual accounting company that is not tied down to outdated procedures or geographical location which allows us to offer reasonable prices with exceptional services.

We are based out of Lexington, KY, but we work with clients all over North America. We value training and constantly look for ways to better our staff in the field of accounting, bookkeeping, and tax strategy, which allows us to continually provide superior services. We know that compliance and data entry are necessary, but we also realize that we are in a perfect position to be the advisors that small businesses need to succeed and take their business to the next level.

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Meet our Team

We strive to have the best and happiest employees, so we place a work-life balance as a top priority. We offer flexible schedules, work-from-home options, and profit sharing to our teams, which allows them to find fulfillment in their work without sacrificing their personal happiness. We emphasize training and have required accounting, bookkeeping, and strategy trainings for our team every month — so that they are always prepared to offer the best of the best to their clients.

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° ° ° Do you Need Innovative Accounting? ° ° °

Based on your past accounting/tax preparation experiences.

Do you have a clear idea of the current financial performance of your company?
Have you had to pay expensive penalties and/or interest because of inaccurate or erroneously filed tax returns?
Do not have accurate financial statements on hand when requested by lenders, stakeholders, potential buyers, partners, tax agencies, and other third-party entities?
Do you have a way of identifying cost overruns?
Can you identify current upward/downward trends in your business and how these trends are affecting your bottom line?
Do you have accurate financial statements on hand when requested by lenders, stakeholders, potential buyers, partners, tax agencies, and other third-party entities?
Are you currently in compliance with your tax liabilities and reporting obligations?
Are you afraid of what you might encounter when it’s time to file your taxes?
Have you had to pay expensive penalties, interest because of inaccurate or erroneously filed tax returns?
Have you lost money due to not being able to properly track open invoices, duplicate bill payments, or other accounting errors?

Years of Experience

Certificates & diplomas

Clients

Average Client Turnover

° ° ° Business Solutions ° ° °

Create the Ideal Solution for your Business

State-of-the-Art Technology

Integrated Services for Success

Streamlined Data Management

Tax Savings & Confidence

Ongoing Support & Partnership

Consulting & Advisory Services

Why Choose Us

We Provide Regular Financial Statements: Regular monthly reporting provide essential data for business owners so they can make better decisions to control costs, identify areas to improve, and grow their business.
We Provide Consistent Communication: Many firms struggle with communication, not getting back to their clients with essential information and answers to their questions. We have adequate staff with designated team members assigned to your account and we limit the amount of new work and clients we take on. We generally respond to our clients within one to three business days.
We Provide Advisory Services: Many other accounting firms focus only on tax preparation, legislative compliance, and tax liability. At Innovative Accounting, we not only provide these services, but we also focus on reporting on where you are now and helping you get the information you need to make better financial decisions. We also can expand your accounting services as your company grows by offering services such as tax strategies, financial analysis, budgeting, and forecasting.
We go Above & Beyond When it Comes to Our Clients’ Security: In addition to other softwares and security measures, we utilize Practice Protect® to secure sensitive client data with an accountant-specific cybersecurity platform. We also use Karbon®, which is designed specifically for accountants to provide bank-grade level security for the sharing of financial and tax information.
We Perform our Work at the Highest Standards: We focus on Integrity. To us integrity is defined as honesty, consistency, and accuracy of one’s decisions, actions, and expectations – in short, one’s value system. With extensive reviews, checks and balances, and transparency we strive to maintain higher than industry standards in all of our work.

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What we Bring to the Table?

Have you ever wondered: What impact will an accounting firm have on my business?

We provide clear, consistent, and accurate data regarding the performance of your company.
We help you identify positive or negative financial trends more quickly so that you can react appropriately.
We help identify unpaid invoices, undeposited payments, duplicate bill payments, and other costly errors.
We make it more difficult for your employees to commit fraud or make inadvertent errors in your accounting system that cost you money.
We can help you quickly provide financial statements and tax returns when requested by lenders, potential buyers, stakeholders, investors or other third-party entities.
We provide you peace of mind, as extensions and taxes are accurately filed and you know exactly where your business stands financially.
We help you avoid expensive penalties and interest for either not filing on time or not filing correctly.
We help you avoid long conversations, wasted time, and the stress of dealing with the IRS.
We ensure you avoid paying any unnecessary tax liabilities by helping you with tax strategies and finding potentially missed tax deductions.

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Our Partners

Financial Software Platforms we partner with:

Tax Planner Pro

Tax Planner Pro is a number one small business tax app that offers a simple interface, easy to understand guides, and analysis of your current financial position.

ProConnect

Intuit ProConnect Tax Software taps into the strength and security of Intuit with professional tax software, practice management and workflow solutions for a best-in-class virtual office.

Futrli

Futrli platform’s financial prediction software does the work of a team of analysts every day, so you can make the best decisions with no effort.

QuickBooks

We are Certified expert Quickbooks advisors

Fathom

Track business performance at a glance. Comprehensive financial intelligence, performance reporting, dashboards and consolidations.

Float

Float Cash Flow Projection is cash flow forecasting software that gives you the answers you need with cash flow insights that combine your bills, invoices, and actuals with the budgets you set.

QuickBooks Time

QuickBooks Time (formerly TSheets) is time tracking software that simplifies your business. Connect to your favorite accounting or payroll software to automatically sync accurate employee time tracking data for payroll and invoicing.

Bill.com

The intelligent way to create and pay bills, send invoices, and get paid. Built to integrate and share financial data with your accounting system.

Dext

We are a Dext Partner. For more than a decade, Dext has empowered accountants and bookkeepers with the smart and forward-thinking solutions needed to make businesses better.

Karbon

Karbon is a collaborative platform that allows us to communicate effectively and efficiently with our clients.

Karbon

We partner with Practice Ignition to automate our proposal, acceptance and billing, and to help make the onboarding and billing process as seamless as possible!

Practice Protect

More Trust. Less Risk. Superior cyber security for the modern accounting firm. Control access to client data, manage risk, and stay compliant with an all-in-one platform.

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° ° ° Our Reviews ° ° °

What our Clients are Saying

Each monthly bookkeeping client has a personal bookkeeper and CPA that care for and manage their accounting & bookkeeping work. Having people personally know you and your business help us to provide exceptional service that is individualized to your circumstances, including how you prefer communication, how involved you would like to be, and the details that make your company unique.

° ° ° Contact Innovative Accounting ° ° °

We believe our services speak for themselves, we don’t believe in pushy sales tactics.

CONTACT US

Not sure how to get started? Have a quick question? Contact our team. No pressure, no strings.

PLEASE CONTACT ME

If you have questions, comments or want to learn more about our services, please click “Drop Us a Line” and a member of our staff will get back to you within a few days.

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SCHEDULE A FREE CONSULTATION

If you would like a consultation, please click below!

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° ° ° Our Blog ° ° °

News, Updates & Advice