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.
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....
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 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 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...
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...