Blog - Accounting Services | Miranda Professional Corporation

Understand Compliance Reporting Requirements in Mississauga ON

Posted By Joseph Miranda

Compliance is a complicated arena with several moving parts that are always in flux. These elements include tax reporting and regulation, statutory accounting, and several others. Your business deserves the best. Miranda Professional Corporation (MPC) offers a team of expert accountants providing full-spectrum accounting and income tax services to increase your efficiency and manage your legal and financial obligations. Based in Mississauga, ON, our team of chartered accountants will work with you to ensure you meet all compliance reporting requirements while offering clarity and guidance about tax opportunities, risk mitigation, and how to reduce inefficiencies whenever possible. As your business … Continue reading

Find Payroll Processing Services in Mississauga, ON

Posted By Joseph Miranda

Miranda Professional Corporation (MPC) provides customized payroll solutions for small to mid-sized businesses in Mississauga, ON. We can help your business stay on top of employee compensation, tax law compliance, and other regulations. MPC has been offering live and after-the-fact payroll services for more than twenty-five years, making sure businesses like yours run smoothly. What to Expect from Live Payroll While making regular payments to employees may seem like an easy thing to handle on your own, managing payroll presents a problem for most businesses at some point. Payroll requires business owners to: Calculate week-to-week compensation accurately, including variable amounts … Continue reading

How does business consulting work? And how our Mississauga CPA firm works for you to grow your enterprise

Posted By Joseph Miranda

As a savvy business owner, you know the power of partnering and smart delegation. “Consulting” is a powerful way to take advantage of professionals’ focused expertise in areas where gaps may exist within your business. A consulting arrangement is generally more cost-effective than hiring one full-time professional each time you have a gap in skills or a shortage of expertise within your organisation. Likewise, there are benefits afforded by getting to know how does business consulting work and by turning to Mississauga ON’s Miranda Professional Corporation as your partner in strategically elevating your financial performance. Why do accountants make great … Continue reading

Why is compliance reporting important? Mississauga business owners’ FAQs, answered

Posted By Joseph Miranda

Why is Compliance Reporting Important?In Mississauga Area Business Owners’ Faqs, Answered

In good times and bad, the documentation that is associated with various areas of your business, from workplace safety to health care, present a risk. Regulations ebb and flow, just as supply and demand for your products and services can surge and plateau. If one does not demonstrate his or her organisation’s compliance with said regulations, the business is subject to myriad consequences – from penalties to negative PR. Entrust the sustained success of your business to Miranda Professional Corporation in Mississauga. Why is compliance reporting important? The specifics about those requirements that you must document your compliance to are … Continue reading

The importance of getting your books in order: How can bookkeeping in Mississauga help my business?

Posted By Joseph Miranda

How Can Bookkeeping in Mississauga Area Help My Business?

Bookkeeping is an essential role. So, if you do not have the time or brain-space to get your books in order, it is a “must” that you enlist someone who can manage this critical function. Fortunately, you do not have to hire an in-house accountant or bookkeeper. We at Miranda Professional Corporation in Mississauga are well-suited to take the stress of collecting, tracking, and recording your financial information off your plate. Just how can bookkeeping help your business? First, our Chartered Professional Accountants provide essential outside, perspective. An internal, full-time bookkeeper can become emotionally wrapped up in your business, which … Continue reading

A guide for Mississauga, ON taxpayers: What is professional tax preparation (and why it matters)?

Posted By Joseph Miranda

What Is Professional Tax Preparation in Mississauga Area

Individuals and businesses alike benefit from the focused expertise of tax professionals. However, the nature of business only adds to the complexity of preparing taxes, which further underscores the need for partners who are trained and experienced with taxation. Furthermore, experts like the Chartered Professional Accountants at Miranda Professional Corporation stay on top of the latest changes to requirements, credits, and deductions issued by the Canada Revenue Agency. What is professional tax preparation? CPAs have demonstrated educational and practical experience requirements. To earn this designation, professionals must show that they are competent in areas including taxation, audit and assurance, corporate … Continue reading

Mississauga, ON CPA firm, offers tax help that works for your business year-round

Posted By Joseph Miranda

In Mississauga, ON Area CPA Firm, Offers Tax Help that Works for Your Business Year-round

Everything that Miranda Professional Corporation does related to business tax help in Mississauga, ON acknowledges that taxes represent a process; they are not “tax time” – an annual deadline that all too many individuals and businesses scramble to meet. And it is a fact of life that we never make our best decisions under duress. With so much on the line as it relates to personal financial health and business wealth, why leave such an important process to the last-minute, frantic collection of documentation? By touching base with you throughout the year, and staying on top of the latest notices … Continue reading

Take control of your future, partner with Mississauga ON CPA firm on business planning services

Posted By Joseph Miranda

Take Control of Your Future, Partner with Mississauga ON Area CPA Firm on Business Planning Services

CIBC World Markets reports that close to 60% of Canadian business owners aged 55 to 64 haven’t begun to discuss succession or exit plans with their family members or their business partners. It is much the same story for our neighbors to the south; the Business Enterprise Institute reports that only 20% of business owners have a written plan in place. So, it seems that planning is not one of our naturally strong suits as a species. But plans should be front and center, not backburner. Our business planning services in Mississauga, ON at the Miranda Professional Corporation account for … Continue reading

Compliance and reporting in Mississauga ON blend an outsider’s perspective with an insider’s knowledge

Posted By Joseph Miranda

Compliance and Reporting in Mississauga ON Area Blend an Outsider’s Perspective with an Insider’s Knowledge

According to PayScale, the average compliance officer in Canada reportedly earns almost $56,000 annually. And up to around $78,000 on the higher end of the skills and experience scale (based on almost 300 professionals surveyed in 2020). We appreciate that these professionals are worth the investment. After all, as Chartered Professional Accountants, Miranda Professional Corporation has extensive experience partnering with a wide range of organisations on compliance and reporting from its Mississauga, ON office. We intimately know the tasks that go into this important business function, as well as their implications for the business’s long-term viability. These tasks are not … Continue reading

Do not underestimate the value of professional bookkeeping from a CPA firm in Mississauga, ON

Posted By Joseph Miranda

When you first decided to “be your own boss,” we are betting you didn’t jump for joy and exclaim, “Great! Now I get to do bookkeeping!” Keeping accurate “books” is a chore for most owners that eats into a significant amount of time, time that could be spent on functions that add value to the business, such as strategies to improve efficiencies, accuracy of tasks, and performance – all of which ultimately add up to growth. However, when owners also underestimate the value of hiring a bookkeeping firm in Mississauga ON, they are missing out on a huge opportunity. Miranda … Continue reading