Accounting for your industry
Accounting for self-employed & contractors.
Track income and expenses properly, stay on top of HST, and know whether it’s time to incorporate.
- T2125
- HST returns
- Instalments
Questions worth getting ahead of
- Keeping evidence behind business expenses
- Organizing income from several clients
- Understanding which tax accounts may apply
Give your records a repeatable home
Separate business transactions where practical and retain the documents that explain them. A monthly routine makes it easier to spot missing income, personal expenses mixed into the books and unanswered questions before filing time.
Discuss changes as the business develops
Hiring help, earning income through a platform or considering incorporation can change your accounting needs. Start the conversation with your actual operations and how you use business funds. Neither an app nor incorporation automatically settles the tax treatment of every expense.
Support to discuss with Versa
Personal tax
Your personal return done right, whether it’s simple or includes self-employment, rental or investment income.
What it involves AccountingBookkeeping
Monthly books in QuickBooks or Xero, reconciled to the bank and ready for tax time. We can also set up or clean up your system.
What it involves AdvisoryIncorporation
We’ll tell you whether incorporating makes sense, then set it up properly from day one.
What it involvesStart with the way your business works
Tell the team how you earn revenue, which systems you use, how current your records are and what decision or deadline is coming next. That context helps identify the work to discuss — rather than assuming every business in your industry needs the same package.