Practical tips on bookkeeping, payroll, personal and corporate tax, and growing your business — written by the Verma Accounting team.
21 articles published
Latest
Audit-ready records decision checklist for Ontario businesses: exact metadata to capture, examples to fix gaps, retrievability rules, and next steps.
Browse guides on tax, bookkeeping, payroll, and business setup.
Decide if you need a BN, then follow step-by-step CRA business number setup: online, phone, or RC1 mail methods, program accounts, and immediate next steps.
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CRA-backed GST/HST registration guide that lists red flags and common mistakes Ontario businesses must check before registering or delaying registration.
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A clear, step-by-step checklist for employers to prepare and file T4 slips and the T4 Summary on time, including electronic filing and correction steps.
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A Canada-focused explanation of payroll deductions: what employers must withhold, pre-tax vs post-tax differences, how to calculate and remit.
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Clear definition of income statement reporting, core components, accrual vs cash impacts, CRA considerations, and steps to produce audit-ready reports.
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Balance sheet basics in plain English: what it is, assets vs liabilities vs equity, classification rules, a step-by-step prep checklist, and quick ratios.
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Clear definition of financial statements preparation for Ontario businesses, when statements are required, how GIFI links to T2 filing, and practical next.
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Seven practical bookkeeping tips for Canadian small businesses — how to record transactions, pick cash vs accrual, organise receipts, prepare CRA-ready records.
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An Ontario-focused checklist of tax-filing red flags: who must file, the April 30 deadline, documents to gather, and where to check payments and refunds.
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Explore Ottawa accounting firm with practical guidance, key questions, and clear next steps before you contact a provider or make a decision.
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Explore cloud-based accounting with practical guidance, key questions, and clear next steps before you contact a provider or make a decision.
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