Make tax filing stress a thing of the past; partner with an experienced accountant
An experienced and knowledgeable accountant is more than helpful during “tax filing time”; having a team on your side like Miranda Professional Corporation of Mississauga means that you have an exceptional partner for your personal wealth and finances, as well as for the sustained profitability of your business. When we say “partner,” we recognize that tax preparation is more than a “timeframe” or “window.” Instead, it is ongoing communication throughout the year. So, we can stay on top of any changes to your personal and professional situation, which might represent opportunities for us to help you minimize tax burdens, prevent overpayments to the CRA, and generally take advantage of the credits and incentives available to you.
Additionally, we leave no stone unturned when it comes to getting your taxes in order. The CRA allows, for instance, adjustments to taxes going back ten years. Other accounting firms don’t look back that far; they may only review the current year and prior year. That is a huge, missed opportunity. Our proactive approach also means that we are in the best position to help you avoid many common mistakes noted by revenue agencies. After all, when you are in a hurry, it makes processes more vulnerable to errors. And errors involving tax filing can indeed be costly. Common mistakes include:
- Not filing in the first place. We know very well how, in the current environment, there are constant ebbs and flows in one’s finances. But just because you may have had little to no earnings last year, it doesn’t mean you should fail to file. You may be eligible for all sorts of credits and other benefits that we otherwise wouldn’t know about if we failed to start the process.
- Failing to report all income. It is one thing to omit income or miscalculate in a given year inadvertently; however, if these inaccuracies or incomplete details turn into a pattern, you can be staring down costly penalties at federal and provincial levels.
- Late for an important date. We are also your “accountability partners,” assuring that you don’t miss any filing deadlines. The penalties are cumulative and can quickly get out of control.
We hope this stirs a sense of urgency. Trust us, the earlier we partner with you to get your ducks in a row, the less stress you will experience. Tax obligations can represent a challenging and time-consuming process, especially among those balancing business responsibilities with competing personal interests. Call us at +1 855-839-4969 to schedule your consultation with one of our experienced tax professionals.
