The Innovative CPA Group, LLC

09/03/2026

“No Tax on Overtime” doesn’t mean all overtime pay is tax-free, and new IRS guidance provides important clarification for both employers and employees.

Beginning in 2026, new reporting requirements will make accurate payroll tracking especially important for workers who may be eligible for the deduction.

Our latest article breaks down:
🔹 What portion of overtime may qualify
🔹 Income limits and eligibility requirements
🔹 New employer reporting responsibilities
🔹 What businesses and employees should know heading into 2026

Read the full article to learn what’s changing and how to prepare.
https://hubs.li/Q04wD5PR0

09/03/2026

SELLING AN INVESTMENT PROPERTY? 🚨

The tax implications are worth considering well before you get to the closing table.

Planning ahead can give real estate investors more time to understand their options and make informed decisions around:

✅ Capital gains — Understanding the potential tax impact of the sale
✅ Depreciation recapture — Accounting for depreciation claimed during ownership
✅ 1031 exchanges — Evaluating whether deferring gains through a like-kind exchange fits your plans
✅ What comes next — Considering how the sale fits into your broader investment and financial strategy

Whether you’re selling one property or repositioning a larger portfolio, the decisions made before the transaction closes can have a meaningful impact on the outcome.

As both a CPA and real estate investor and developer, our Founding Partner, Charlie Smith, brings firsthand industry perspective to these planning conversations.

Considering the sale of an investment property? Start the conversation early, before the transaction is already in motion.

09/02/2026

What happens when your CPA understands real estate from the owner’s side of the table?

Meet Charlie Smith, CPA: Founding Partner of The Innovative CPA Group and an experienced real estate investor, developer, and business owner.

Charlie combines accounting and tax expertise with firsthand business and real estate experience to help clients make smarter decisions, uncover opportunities, and build long-term value.

Meet the expert behind the strategy.

08/27/2026

The IRS is making it easier for businesses to manage their federal tax information online. 💻

With an IRS Business Tax Account, eligible businesses can view balances, access tax records and notices, make payments, and more.

Learn what’s available and whether your business is eligible in our latest article.

As the IRS continues to expand its online services, eligible businesses can now access and manage more of their federal tax information through IRS Business Tax Accounts. What is an IRS Business Tax Account? A Business Tax Account (BTA) allows certain businesses to access and manage their federal ta...

08/25/2026

At ICG, expertise goes beyond just technical knowledge. It encompasses the experience, perspective, and personal connections our professionals foster in every client relationship.

"Meet the Expert" introduces the individuals behind ICG. Specialists who understand their industries, anticipate the challenges their clients face, and adopt a thoughtful, practical approach to help them move forward.

The right expertise isn't merely about having the answers; it's about having the right person by your side.

Meet Pat Kovac, Assurance Director at ICG.

08/20/2026

Paying partnership expenses out of your own pocket? Don’t assume they’re automatically deductible.

Certain costs may qualify as Unreimbursed Partnership Expenses (UPEs), but specific IRS requirements apply.

Learn what may qualify, what doesn’t, and why your partnership’s reimbursement policy matters.


https://hubs.li/Q04tK6WW0

08/12/2026

How should you pay yourself as a business owner? It depends on how your business is structured.

From owner draws and distributions to W-2 wages and dividends, understanding the rules can help you stay compliant, manage cash flow, and make smarter tax decisions.

Read our latest article to learn how compensation differs by business structure, and why having the right strategy matters.

https://hubs.li/Q04sRqkS0

08/06/2026

Have you ever paid for a business expense out of your own pocket because it was simply the easiest option? If you're a partner in a partnership, that doesn't automatically mean you can deduct those costs on your individual tax return. From office supplies and travel to software subscriptions, the tax rules aren't always as straightforward as they seem.

Before you claim that expense, make sure you understand when out-of-pocket business costs are actually deductible.
Read our latest article to learn more. https://hubs.li/Q04s7x2q0

08/04/2026

What is a typical day like for an accountant? Join Colin Speaker as we explore his daily routine at ICG, learn about the beginnings of his career, and discover what he enjoys most about his work!

At ICG, our accountants' roles extend far beyond typical tax services. From attest to consulting and specialized industry services, we assist clients throughout every stage of the business lifecycle across various components.

07/30/2026

AI is changing the way businesses operate, boosting efficiency, automating tasks, and improving decision-making. But with new opportunities come new risks. An AI policy helps protect your business, safeguard sensitive information, and give employees clear guidelines for using AI responsibly.

Read our full article here: https://hubs.li/Q04rpwcM0