The name Alexis Murphy may seem familiar, perhaps from a PTA fundraising email or even from Facebook when she was the president of the Wilton Moms Club. However now she is jumping out with a whole new purpose.
Murphy is focusing on saving people thousands of dollars in taxes. She is using her CPA license and MBA degree in accounting to offer individuals and businesses the full spectrum of accounting and tax services.
“Last week, a client came to me with so many errors in their 2020 tax return that after I amended it, I got them back $25,000! They had absolutely no idea there were any mistakes made. They simply reached out for my services because they felt ignored by their previous accountant,” Murphy recounted.
As part of her introductory package, Murphy offers her new clients a free review of their 2020 tax return — 99% of the time she finds errors from either someone doing it themselves or having an accountant that does not work on tax strategies. If there are enough mistakes to warrant an amendment, she will do that for a fee.
With COVID, so many people have pivoted their lifestyles in search of different job opportunities, which is bringing out a lot of entrepreneurs. As these entrepreneurs strike out on their own, Murphy has been instrumental in establishing the books and financial reporting.
“When starting a new business, it is so important to be organized and have your finances properly set,” she said. “If you do not have the correct accounting system in place right from the start, tax time will be a nightmare. And then if you get audited by the IRS, forget about it. I am here to make sure you can focus on your business, and I will help with the rest.”
If you ask this Long Island-born woman how she got into accounting, her first answer would be through her father, a recently-retired CPA who had established his own successful CPA firm near where Murphy grew up.
After she graduated from Johns Hopkins University, she worked at a bank and decided that getting her MBA in accounting was the direction in which she wanted to go.
“Seeing my father’s success and pride in the industry was nothing short of inspiring. I knew I wanted that for myself,” Murphy recalled. Her next stop was Ernst and Young in New York City. After almost six years there, she eventually moved her business to Wilton when her family relocated from NYC in 2012.
Every year Murphy takes only a limited number of clients to provide them with the highest level of customer service. Even in COVID times, she makes sure to personally Zoom with each client to connect and make sure she can provide all the support they need.
Murphy’s clients rave with words like ‘energetic,’ ‘kind,’ ‘smart’ and ‘compassionate.’
“I get my clients the biggest tax refund possible with smart tax strategies and being current on the ever-changing tax law,” she said.