Practical tips on bookkeeping, payroll, personal and corporate tax, and growing your business — written by the Verma Accounting team.
38 articles published
Browse guides on tax, bookkeeping, payroll, and business setup.
Startup accounting checklist: 7 steps for Canadian founders to set up CRA registrations, separate banking, cloud bookkeeping, payroll, and monthly reporting.
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Freelancer accounting guide for Canadian freelancers: definition, CRA considerations, monthly bookkeeping checklist, cloud tools, and next steps.
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Practical, CRA-aligned tax deduction optimization for Ontario taxpayers: compare DIY steps and professional help, document claims, and decide when to hire.
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Avoid costly errors when adopting real-time financial reporting: seven mistakes that break dashboards, a data readiness checklist, and vendor questions.
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Understand cloud bookkeeping workflow and use a decision checklist for platform choice, automation, AI review, security, and CRA compliance.
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Audit-ready records decision checklist for Ontario businesses: exact metadata to capture, examples to fix gaps, retrievability rules, and next steps.
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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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