Blog - Accounting Services | Miranda Professional Corporation

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Five reasons to hire a professional for income tax preparation

Posted By Joseph Miranda

Individuals and companies thinking about their income tax preparation wonder if they should hire a professional. While there are many websites that help individuals prepare their own taxes, many find that it’s worth the small investment to hire a professional. At the Miranda Professional Corporation in Mississauga, our team helps individuals and business prepare their taxes. If you are trying to decide if you should hire a professional, consider these items: It saves time: If you have done your own taxes in the past, you know it can take a significant amount of time, especially if your taxes are complicated … Continue reading

6 Benefits of Business Consulting in Mississauga

Posted By Joseph Miranda

Business Consulting Services Mississauga ON

6 Benefits of Business Consulting in Mississauga “Chartered Professional Accountants” is featured prominently in our logo. But MPC shines more broadly as partners with your team. Our depth and breadth of accounting and financial expertise is applied to identify organizational strengths and areas for improvement. Our experts in business consulting in Mississauga develop recommendations that strategically build upon your firm’s unique bright spots and improve upon today’s challenges. Benefits of Business Consulting Every industry, and every business, is different. But productivity, efficiency, profitability, and being competitive are universal desires. By knowing your needs, we improve your bottom line and relieve persistent stressors! There is no … Continue reading

Paving the road to success with a business plan

Posted By Joseph Miranda

Paving the road to success with a business plan Business planning and consulting can improve the decision-making process for management team and employees, and help grow a company. Recognizing this importance, the team at Miranda Professional Corporation works with organizations to develop plans that can increase their success. Our team has proudly served businesses in Ontario for more than 25 years. Because we are often asked, “Why should I prepare a business plan?” we provide this helpful explanation. Why prepare a business plan? It is important to go through a process of quantifying the qualitative factors of your business. Writing … Continue reading

Even small businesses in Mississauga need a top-rated accountant

Posted By Joseph Miranda

Outsourced Accounting Services Mississauga ON

Companies that need to reduce their budget, might wonder if they should scale back on their accounting help. However, with a team of top-rated accountants, companies like the Miranda Professional Corporation in Mississauga can help clients ensure their finances are in order without the cost of full-time, on-site staff. Following are the top five reasons a small business might consider outsourcing accounting: Save money and reduce overhead: By hiring a professional firm, clients get the benefit of the right education, experience, and skills without spending money on training. Additionally, businesses who outsource don’t have to invest in accounting software, hardware, … Continue reading

Mississauga business owners ask, “Do I need a chartered professional accountant?”

Posted By Joseph Miranda

Many individuals start their business because they love the work. In many cases, these owners find items like accounting a “necessary evil” – a task that must be accomplished in order to be in compliance with government entities. However, accounting is an essential tool for making business decisions about marketing, pricing, vendors, hiring a team, and future growth. There are three general activities that are required to set up and maintain an effective accounting system: Create the system: Determine which tools you will use to track your transactions and make projections Enter the transactions: You will need to keep track … Continue reading

We exceed the standard answer to, ‘What is payroll processing?’ with diverse services in Mississauga

Posted By Joseph Miranda

Think of payroll less as a necessary evil or drudge, and more as a talent recruiting and retention tool, and a powerful way to contain costs amid a preponderance of factors you can’t control, from competitive and industry dynamics to the global economy. There are many benefits to outsourcing payroll processing services in Mississauga, ON and beyond. But who you partner with matters; trust Miranda Professional Corp’s experienced payroll, tax, and accounting professionals. What is Payroll Processing? While exact needs vary from business-to-business, MPC‘s live and after-the-fact offerings have assisted employers with the following, and more: Classifying employees and independent contractors T4 forms … Continue reading

Mississauga, ON, accountants recommended the following payroll tips for their clients

Posted By Joseph Miranda

As a business grows, owners will quickly realize that payroll becomes a challenging and complex process. The accountants at Miranda Professional Corporation help their Mississauga, ON, clients address payroll and other financial challenges. Staying on top of changing regulations can be challenging, they have recommended the following tips: Ensure proper classification and categorization of your employees. There may be benefits to using independent contractors instead of hiring staff. However, even if a person agrees to be a contractor, it may not be legal, depending on the services provided. Be sure that employees are properly classified as salary or hourly, as … Continue reading