1. In a large bowl, beat the softened cream cheese and butter together until smooth.
2. Gradually mix in the powdered sugar, beating on low at first, then increasing speed until fully combined.
3. Add vanilla extract (if using) and mix for another minute.
4. Your frosting is ready to spread! Use immediately or refrigerate for later.

This easy and delicious frosting pairs perfectly with Madeira cake, cupcakes, or even biscuits. Try it and this might just become your new party trick!