Welcome to “The Murphy Minute”…Your 2019 Tax Update…..

This website is devoted to keeping both tax professionals as well as the lay persons  informed on the most recent tax changes that will affect their lives.  At no time in the history have we faced such critical challenges. The decisions we make in the upcoming election are some of the most important ones we have to make in a very long time. They will shape our future of our country.

I have tried to present enough information so that you can make empowering and intelligent decisions about your business life.  The site  focuses  on how the tax code is applied  and how our state and federal courts are interpreting these very complex regulations.

You may have found this website from attending one of my my seminars or watched me on a recent financial news talk show. You may have just stumbled on it by accident. Regardless… I hope you will find some useful information here that will assist you in your business life.

You will find a few  of my former presentations on the site as well.  You are also welcome to read and comment on my current blog. I have tried to review the most current tax and accounting issues facing the accounting profession…  Hopefully these can be reviewed “quickly” and will be helpful.

I also posted some of my old web-casts and power point presentations that I have presented in the past. The interviews that I have done on for Fox News, MSNBC or Western CPE  are best viewed on You Tube or on the networks websites.

If you do have comments about an article on my Blog…or interview requests on these or any other tax topics… please contact me at wmurphy@wmmurphycpa.com.

It is my hope that you will find the site productive. The tax code is ever changing so the articles and web-casts are only designed to inform and educate you… for the moment. For more detailed problems or situation….please contact a local tax professional so that you are well informed as to all the current interpretation on your specific problem.

Any comments listed on the site are my own and may not be the opinions of any other professional organization I might be associated with. .now or in the past. I also want to thank the sources and individuals who have provided background information for some of the articles.  Each article reflects its source.  I invite you to visit these companies for future research needs.

My last observation is this…..doing your research and forming your own opinions is critical… The tax code changes daily… so there is no excuse for not… ‘digging in and digging deeper’….

Good Luck… I hope the information you find here assists you in making well informed decisions.   Hopefully this also will create a dialog…So we all can discuss these tax topics….. in a civil environment.

One last thought…..

……..One of our countries most famous  founders…John Adams once said……” every patriot is entitled to his own opinion….but NOT his own facts“…so be well informed and participate in the process.





William F. Murphy, CPA/PFS, ABV, CFF, CGMA, CVA Emeritus

Murphy Financial Group, P.C. / Indianapolis, Indiana

William F. Murphy is the owner of Murphy Financial Group, P.C.  The firm emphasizes in providing tax consulting and financial planning services to corporations, professional practices and individuals. He also provides consultation services on tax and financial planning issues to various news and publishing organizations on current tax law changes occurring within federal and state government. He is also the author of the “Murphy Minute” that is syndicated through various news organizations.

Mr.  Murphy is also associated with the law firm of Mallor Grodner LLP. The firm has offices in both Indianapolis and Bloomington Indiana. He assists in providing tax, valuation and financial analysis services focusing in the areas of Family law, Business transactions and Estate tax planning.

In addition to being a Certified Public Accountant (CPA), Mr. Murphy holds the accreditation in business valuations as an Accredited in Business Valuation (ABV) awarded by the American Institute of Certified Public Accountants. Mr. Murphy also holds the designation of a Personal Financial Specialist (PFS), Certified in Financial Forensics (CFF) and the Chartered Global Management Accountant (CGMA) also awarded by the American Institute of Certified Public Accountants.


Mr. Murphy also holds the designation of Certified Valuation Analyst – (CVA Emeritus) awarded by the National Association of Certified Valuation Analysis (NACVA).

Mr. Murphy has also worked with the local NBC affiliate (WTHR) on local business segments along with NBC correspondent Lester Holt and radio station WIBC dealing with local Indianapolis charitable projects.


In addition to these organizations, Bill has appeared as an expert witness in numerous state and federal court cases involving marital and business disputes and has lectured extensively on valuation and tax issues throughout the United States.


Mr. Murphy is also adjunct instructor for Indiana University -Kelley School of Business in Indianapolis, Indiana.  He continues to contribute articles to the Indiana Business Journal and Indiana Lawyer on topics involving business taxation and corporation valuation.


Mr. Murphy has presented numerous CPE programs at the state and national level for American Institute of Certified Public Accountants, National Business Institute, Western CPE, Indiana Continuing Legal Education Forum, Indiana CPA Society, National Association of Certified Valuation Analysts, The Exit Planning Institute and Indianapolis SCORE.

He is a former chairman of the Ethics Committee for the Indiana CPA Society and the chairman of AICPA 2013 Small Business Practitioners Tax and Tax Controversy Conference.  Bill also has held an Indiana Insurance License and is involved with several financial planning organizations in the Indianapolis area.

Prior to Bill’s association with the law firm of Mallor Grodner LLP he was associated with Murphy & Company, P.C. for over twenty five years (the predecessor of Murphy Financial Group P.C.). While at Murphy & Company, P.C. he was Director of Entrepreneurial and Tax Services and was the firm’s majority shareholder.

The firm specialized in taxation, business valuations and small business formation. Prior to establishing his own firm in 1982 Mr. Murphy worked as a Director for the Indiana Attorney General’s Office while attending Indiana University law school.

Mr. Murphy graduated from Butler University with honors in 1973 and was admitted to practice as a Certified Public Accountant in the State of Indiana on December 7, 1977. He now serves on the Board of Visitors for the Andre B. Lacy School of Business at Butler University in Indianapolis, Indiana.