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.
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...
What You Need to Know About COVID-19 Relief
In order to help meet the needs of U.S. citizens in this difficult time, the U.S. government has passed a relief package and put in place certain rules and regulations that guide how businesses should or can react to the COVID-19 crisis. Changes in bureaucracy and...
Understanding Cash Flow: How a VCFO Can Help
When it comes to running a small business, strong cash flow is crucial. Business owners tend to underestimate how important managing cash flow is for their business’s success. Your cash flow helps you monitor and understand your business’s liquidity, flexibility, and...
Dealing With Taxes During the COVID-19 Pandemic
The majority of people who file taxes end up receiving a refund every year. However, if you fall under the percentage of filers who owe the IRS money, you may be wondering how to resolve the situation amidst the chaos of the COVID-19 pandemic. While this process is...
Business Loans & Financial Assistance during COVID-19 Pandemic
An overwhelming number of businesses across the U.S. are facing the financial strain of the COVID-19 pandemic after being forced to close their doors to follow quarantine laws set throughout the state, as well as social distancing practices recommended by the Centers...
How a VCFO Can Help You Handle Financial Issues Caused by the Pandemic
We are currently living through one of the worst economic crises in the past century, with many companies already losing more than 75% of their yearly profits within the first quarter of 2020. Some are laying staff off while others are trying to cope by cutting costs...
Personal Financial Tips for Families Facing COVID-19 Financial Issues
The pandemic has put an unforgiving amount of pressure on families now more than ever. With millions of workers being laid off or temporarily furloughed and non-essential businesses being forced to close, there’s no question that finances could be a leading concern...
How Does R&D Tax Credit Help Start-ups Offset Payroll Taxes?
In the past, start-ups that weren’t paying federal income taxes were eligible for Research & Experimentation (R&D) tax credits, but were then expected to follow through with them for their corporate and/or shareholder tax returns until they could offset their...
Do You Have a Post-Deal Integration Plan? Because You Should.
Experienced Virtual Chief Financial Officers (VCFOs) can help you get as much value out of your business deals and mergers as possible. One important factor in determining how successful a merger will be is the quality of your post-deal integration plan. Post-deal...
As 2019 Comes to a Close, Don’t Forget to Maximize Those Tax Benefits
It’s the holiday season, and we know that there’s a lot on your plate right now. But aside from the holiday shopping, dinner planning, and room and board arrangments, there’s one more thing you absolutely must do before you begin the next year. Visit with your McAllen...