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.
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...
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...
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...
13 Fantastic Tax Deductions For Small Businesses
Small business owners understand the true cost of running a business and are always happy to receive any sort of assistance when it comes to tax deductions. These deductibles can be vital to helping a company lower their overhead and reduce business costs. However,...
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...