Boost profits; save money and time with experienced business taxation planning in Mississauga, ON
April inspires dread among personal and business taxpayers alike. Filing deadlines shouldn’t be stressful when tax planning is perceived as an ongoing, vital year-round process. Miranda Professional Corporation’s accountants have more than 25 years of experience with business taxation in Mississauga, ON. We understand taxes are not just about checking boxes – demonstrating compliance with withholding and tax reporting requirements and avoiding interest and penalties; they represent significant opportunities to identify and address inefficiencies or other pain points, save money, and invest that savings back into your growing business.
Tax planning – often referenced, little understood
Experienced chartered professional accountants arrange affairs in a way that postpones or avoids taxes. This process is an art that requires a long runway (not short-sightedness). MPC employs well thought-out tax planning strategies that save you money. Just as your business evolves, our fingers are on the pulse of changing tax laws. MPC professionals identify provisions that benefit your business, increase or accelerate deductions and credits, and largely maximize breaks available under Revenue Canada tax code.
Know what you know. Know what you don’t know.
As a successful business owner, you surround yourself with expert attorneys, employee benefits professionals, IT consultants, and other professional partners. You interface with those individuals year-round – not annually or seasonally. As tax advisors, MPC plays a pivotal role in helping start-ups and established organisations across industry reach their short- and long-term goals. This is not an overstatement; tax and financial planning are linked. Taxes are a substantial expense your business incurs.
It’s generally advised that employers:
- Review books on a monthly or quarterly basis – MPC frequently reviews previous assessment notices, tax returns, and fully assesses reporting and record-keeping requirements and processes.
- Understand their earnings position, key revenue and expense trends, and set aside enough monies for taxes – Let MPC’s reviews, assessments, and strategic planning help you! Our accountants also help you avoid common pitfalls associated with tracking meals and entertainment expenses, mileage on business vehicles, home office expenses, and those related to GST/HST reporting.
Notably, many tax firms tend to review current and prior years only. MPC takes the longer view; our professional reviews go back ten years. By law, tax adjustment may be made within a 10-year period. Experience the value of partnering with us. Call +1 855-839-4969.
