Accounting and Tax Planning Service For Small Business Owners
At MW Mirza Chartered Professional Accountant, we offer practical strategies to small business owners and professionals in Brampton and Greater Toronto to help them organize their financial affairs, maximize tax savings and tax planning to lower tax burden.
As quailed Chartered Professional Accountant in Brampton, We’re very experienced and knowledgeable with all the current tax laws in Ontario and how they can impact small businesses and professionals in Brampton and Greater Toronto Area. We help small business owners in all aspect of business accounting and tax planning services.
We provide highly effective tax planning strategies for small business owners to ensure that, you are legally taking advantage of beneficial tax-law provisions available to increase your tax deductions so you never overpay your taxes. Our local knowledge and accounting expertise will allow you to minimize your tax payable while working to improve your maximum allowable deductions and returns.
At MW Mirza CPA, we understand the daily and unique challenges that small businesses faced in Ontario and across Canada. Use our accounting expertise and knowledge to save you time and resources in Brampton and Greater Toronto Area so you can focus on running your business and helping your customers.
Small Business CPA, TAXES AND Accounting sERVICES
- Cash flow analysis
- Payroll Services
- Tax Minimization Strategies
- Advice you on your tax obligations
- Tax planning, strategies and solutions
- Loan repayment strategies
- Investment accounting
- Internal Audit and External CRA Audits
- Compilation engagement
- Corporate Re-organization
- GST/HST/QST compliance
- Immigrant tax returns, Departure tax returns
- Assistance for Small Business Loans
MW Mirza Chartered Professional Accountant In Brampton can help you with
ACCOUNTING & BOOKKEEPING FOR SMALL BUSINESS
Bookkeeping and Accounting: Organized financial records ensure that your business operations run efficiently and smoothly, and are the foundation of a successful business. Our staff can assist you with the day-to-day tasks associated with your bookkeeping. Without proper bookkeeping, cash flow inconsistencies, wasted time, money, and missed opportunities can occur. With our help, you can relax with the assurance that you will be well-prepared for the future. We offer the following services to ease the burden of your bookkeeping:
- Profits/losses, trial balances and general ledgers
- Balance sheets and custom reports
- Bookkeeping cleanup
- Payroll reconciliation
- Bank reconciliation
Payroll Services: As a business grows, it needs to hire more employees, which can result in increased payroll administration. We recognize that your business is time-consuming and requires most of your attention. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. We can also develop a payroll system and prepare all necessary payroll tax returns in a timely manner. Things such as preparing T4s at the end of the year are no longer dreadful tasks for the employers, as our bookkeepers and accountants will take care of those tasks. Clients can feel assured knowing that they can rely on our services to help with their accounts, both payable and receivable, as well as all other accountings tasks that fall under the umbrella of financial records the government requires..
Tax Planning and preparation FOR SMALL BUSINESS OWNERS
Corporation Tax Return (T2): For small-business owners, we offer specialized services to meet your corporation tax return (T2) needs. We review your bookkeeping to reduce any risks of a CRA audit and prepare your T2, all in an effort to minimize tax liabilities.
Sole-Proprietor Tax Return (T1): We provide assistance in handling your sole proprietor tax return (T1) preparation. Allow us to assist you, step-by-step, in preparing your personal taxes and in ensuring your paperwork is filed correctly.
Government Filings: We offer services in the gathering and preparation of vital information, such as HST, T4, T5, WSIB, and other government filings, to assist in minimizing your sales tax-related costs.
Tax Planning: Tax Planning is the art of arranging your financial affairs in ways that defer or avoid taxes by legally taking advantage of beneficial tax law provisions available, which increases and accelerates tax deductions and tax credits, and generally maximizes all applicable breaks. We offer practical strategies that can help you organize your financial affairs and maximize your tax savings, creating a prudent financial plan for you and your family’s future, as well as your retirement.
Assurance Services FOR SMALL BUSINESS OWNERS
Audit: We provide audited financial statements to our small business clients to add credibility to their reported financial position and performance. A financial statement audit results in attesting to the fairness of presentation and disclosure of financial statements of an entity. We have experienced auditors in our team to help you achieve your financial statements audit needs.
Review Engagement: A review engagement is requested by stakeholders in a corporation (banks, shareholders, regulatory authorities, etc.) to ensure that the numbers reported in the financial statements are plausible.
However, it provides a lower level of assurance than an audit. The accountant performs procedures that include analysis and discussions with the client to ensure that the financial statement information is plausible. Our experienced auditors will help you meet your review engagement needs with effectiveness and efficiency.
Notice To Reader: A notice to reader, more commonly known as a compilation engagement, is based on client-provided information, and is primarily used internally. A compilation engagement does not provide any assurance and is sometimes used by financial institutions for smaller loans and other regulatory authorities.
BUSINESS CONSULTING FOR SMALL BUSINESS
Consulting Services: Whether you have a well-established small business, or you are just starting out, you make decisions about your business on a day to day basis. Leading a business can be challenging, especially when it comes to optimizing your performance. That’s why M W Mirza, Chartered Professional Accountant offers advisory services to guide businesses at every stage of their development. Some of our business consulting services include the following areas:
- Structure of Small Business
- Corporate Re-organization
- Accounting Automation
- Capital/Operating Budgeting
- Cashflow Budgeting
- Assistance for Small Business Loans
- Assistance in Business Transformation
- Compliance with Tax Authorities
- Implementation of Internal Control
Financial Forecasts and Projections: Understanding how well your company is performing and its potential to grow is vital to any business owner. From projections to financial modeling, our experienced staff can assist you in achieving your business’ financial goals. Our services seek to achieve an in-depth understanding of your business’ financial performance, allowing for insight to ensure future growth. We compile and analyze both your past and present data in order to accurately predict and project future trends. Using this data, we can advise you on the proper course of action for maximum growth, and make necessary changes to your financial model to minimize tax implications.
WHY CHOOSE US?
- Wide Range of small business accounting issues covered
- Chartered Accountant with highly experienced and friendly team
- Since 2009, proudly serving businesses in Brampton and GTA
- Professional client care guaranteed
- We provide CRA tax audits, assurance and consulting