A glimpse into how tax preparation service saves Mississauga clients’ money to reinvest into their business
Miranda Professional Corporation represents a strong ally for your business. We help to preserve your company’s wealth by minimizing tax liabilities. Nobody should overpay taxes to the Canada Revenue Agency. Yet, many businesses do just that. Owners get on a hamster wheel. They simply fork over the taxes, year in and year out. You know how it goes; you get caught up in the day-to-day running of your business. By the time tax season rolls around, you rush to meet the filing deadline. Time and resources are not on your side.
By partnering with MPC’s experienced team, professional business tax preparation service throughout the year can result in considerable tax savings. It also frees up time that you or other members of your team formerly spent on the filing process. And even though you may just now be embarking on a partnership with us, we look back at your previous 10 years of filings. We take full advantage of the language set forth by the CRA, which allows for adjustments over a 10-year period. Other business tax professionals in and around Mississauga, ON, only review the current year and the previous year’s taxes – they are missing out on opportunities for adjustments that can be reinvested into your business.
Some of the areas that we may find as opportunities for tax savings, deductions that are commonly overlooked by enterprises, include:
- Advertising and promotional expenses
- Eligible “bad” debts that are owed to you
- Startup costs, such as interest on money borrowed for the business
- Annual fees related to licensure, dues
- Business-related delivery and freight
- Non-cash employee gifts
- Educational expenses to advance or retain skills needed for your business
There are myriad opportunities for deductions and to, ultimately, uncover tax savings. We can provide more insights into your business’s tax position, partially by leveraging our experience with organisations in your industry, sector, or niche. We have worked with a wide range of different types and sizes of organisations throughout the decades and can put that expertise toward your business’s growth and health.