Meet the Gray & Associates Team
Decades of experience, discipline, and a unique approach to tax strategy
Since 1994, Gray & Associates CPA has served Texas business owners with professionalism and integrity. From Lago Vista to Austin and across the state, our firm has built a reputation for helping small businesses save money and stay compliant through proven S Corporation strategies and trusted CPA services.
Our Firm’s Story
From a single office to statewide impact


Gray & Associates CPA was founded in 1994 with a commitment to serving individuals and small businesses with careful, detail-driven accounting. Over time, the firm recognized a widespread gap: while many CPAs prepared tax returns, few explained or implemented the S Corporation tax strategy—a powerful, legal approach that has existed since the 1950s but is rarely taught in traditional accounting programs.
For more than 22 years, Michael Gray and his team have focused on filling that gap. By helping more than 250 clients implement the S Corporation tax strategy, they’ve saved Texas business owners thousands of dollars annually while keeping them fully compliant with IRS rules. Today, the firm continues to combine traditional CPA values with forward-looking tax strategies designed for small business success.
Our Team
Dedicated professionals who put clients first
Michael Gray
President
Jim Hughes
Vice President
Jacquelyn Gray
Vice President
Sandra Ashlock
Office Manager
What Guides Our Work
We believe in disciplined service, clear communication, and practical strategies that let Texas business owners keep more of what they earn while staying compliant with the IRS.

Who We Serve
Guiding clients across Texas through every stage of business
From Lago Vista to Austin and throughout the state, Gray & Associates CPA works with individuals and small business owners who want clarity, confidence, and measurable results in their tax strategy. Whether you’re just starting out or managing an established company, we tailor our approach to help you save money and stay compliant.
Texas Small Business Owners
We specialize in helping entrepreneurs and small business owners across Texas—particularly those in Lago Vista, Austin, Cedar Park, and Leander—reduce their tax burden with strategies like the S Corporation election. Many of our clients are consultants, contractors, and service-based businesses who benefit directly from our expertise.
Individuals and Families
While our signature service is small business tax strategy, we also provide thorough individual tax preparation. From retirees to working professionals, we ensure every return is accurate, compliant, and optimized for deductions and credits.
New Entrepreneurs
Starting a business comes with big financial decisions. We guide new business owners through entity selection, payroll setup, and tax planning so they can focus on growth with confidence that their foundation is solid.