Abigail Y. Murray CPA, LLC, our full-service CPA firm, has accumulated over 40 years’ worth of experience and information while serving McAllen citizens and businesses. Whether you are looking for a VCFO in McAllen or a personal accountant to help you file your taxes, the information Abby has compiled into the blogs down below will give you a small taste of the personal brand of success she delivers to individuals and local businesses looking to streamline their financial and tax-filing processes.
Key Tax Deadlines and When Tax Season Really Begins
Understanding when tax season begins, and what deadlines matter most, can make a significant difference in how smoothly your financial year unfolds. While many people think of tax season as simply “sometime early in the year,” the reality is that the tax calendar is...
How Hiring an Accountant Can Make Your Life Easier for this Tax Season’s Extension
With the overwhelming news and outbreak of the COVID-19 pandemic, the deadline to pay your taxes has been extended by 90 extra days. It is a much-needed sigh of relief as health and financial uncertainty mounts. With the help of your local McAllen CPA, Abigail Y....
The Importance of Financial Planning Before a Catastrophe: How a VCFO Can Help You Through This Process
Prior to COVID-19, business owners were already working with their financial teams to help prepare the company for uncertainty. Specifically, the business's CFO takes on a role that ensures that your business will be able to weather unexpected events. Today, your...
How To Avoid Tax Trouble If You’re An Investor
As an investor, there are several ways to stay savvy and plan for tax season. At the office of Abigail Y. Murray, CPA, LLC., our McAllen CPA has a few ideas to ensure that you can benefit the most from your investment - whether you are an American citizen or foreign...
What Business Owners Need to Know About the 2019 Pass-Through Deductions Rate (And How to Take Advantage)
Do you receive income from a pass-through business entity such as a sole proprietorship, an S corporation, partnership or limited liability company (LLC)? If so, you may qualify to deduct as much as 20% of that income from your taxes during the 2019 tax season. To...
How Do International Accounting Standards Differ From The U.S. Accounting Standards?
Accounting standards are the overall guidelines and regulations issued by governing bodies. The standards in question more or less control how a company records its finances, and they also show how it presents its financial statements and how it accounts for things...
Budgeting for Estimated Taxes
Whether you’re a private individual or a business owner, you know you have to pay taxes every year — but did you know that you may also have to meet quarterly deadlines for estimated tax payments, based on what you expect to earn this year? With the help of local...
A Brief 2018 Tax Return Guide for Small Business Owners
Small business owners should be aware of the variety of taxes they need to pay as required by the Internal Revenue Service. The expert McAllen CPA, Abigail Y. Murray, wants to share some valuable tax information with small business owners just like you. The Tax Cuts...
2018 End-of-Year Tax Tips for Business Owners
The Tax Cuts and Jobs Act (TCJA) is in full effect this year, which means eligible businesses will be able to take advantage of a variety of new deductions, including a 20% deduction of qualified business income for pass-through entities like sole proprietorships,...
Business Identity Theft: Safeguarding Against CyberCriminals
When we hear the phrase, “identity theft”, what often comes to mind is personal identity theft. While this form of identity theft can be utterly crippling to an individual’s life and finances, the scary truth is that more and more businesses are falling to business...