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 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...
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...
The Importance of a Mid-Year Review on Your Business Finances
Many small business owners perform reviews at the start or end of the year. However, checking your progress halfway through your fiscal year may help you notice and resolve problems within your systems, processes, or products. A mid-year review allows you to take...
Introducing Drive Through Tax Returns
COVID-19 is putting extreme financial stress on many. Murray & Kirchner, LLC is here to help while being mindful of our client's health and safety. Effective immediately, we are implementing MKCPA Drive Through Tax Returns. Email pdf files of your tax documents to...
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...
What You Need to Know About the New Lease Accounting Standard
New lease standards in accounting that are being implemented by the Financial Accounting Standards Board (FASB) are requiring companies to create quite a few adjustments to how they disclose lease obligations and rights. Although FASB chose to put off enforcement of...
What Business Owners Should Know About International Accountants
If you hope to keep your business’ (or even personal) financial affairs in proper order, the best step you can take is to hire a Certified Public Accountant (CPA). In order to earn the title of a CPA, an individual must pass a rigorous state-administered examination....