by Nguyen Scott LLP | Aug 19, 2026 | Business Tips, payroll, Self Employed
The moment you hire your first employee, your responsibilities to the Canada Revenue Agency change significantly. Payroll source deductions are not optional, not approximate, and not forgiving of missed deadlines. The CRA treats payroll remittances as funds held in...
by Nguyen Scott LLP | Aug 5, 2026 | Business Tips, Taxes
One of the most common and costly mistakes Alberta small business owners make is not knowing when they are required to register for the Goods and Services Tax. The consequences of missing the registration threshold are real: the CRA can require you to remit GST you...
by Nguyen Scott LLP | Jul 22, 2026 | Accounting, Business Tips, Corporate Tax
Once you incorporate your business, one question comes up every year without fail: should I pay myself a salary, dividends, or some combination of both? It sounds simple. It is not. The answer depends on a dozen intersecting variables — your personal income, your...
by Nguyen Scott LLP | Jul 6, 2026 | Accounting, Business Tips, Corporate Tax
Every spring, after tax season wraps up and Edmonton business owners see what they actually owed the Canada Revenue Agency, we receive a inquiries that start the same way: ‘I had no idea I was going to owe that much. Is there a better way to do this?’ The...
by Nguyen Scott LLP | Jun 10, 2026 | Business Tips, Corporate Tax, Small Business Taxes
Most small business owners think about tax in April or when their accountant calls. The business owners who consistently pay less tax are the ones who think about it in June — when there is still time to do something about the current year’s position. Here is a...
by Nguyen Scott LLP | Jun 3, 2026 | Accounting, Business Tips, Corporate Tax, Small Business Taxes
If you operate a small or medium-sized business in Alberta and have ever applied for a business loan, approached an investor, or been asked to provide financial statements to a landlord or supplier, you have likely encountered the term Notice to Reader. It is the most...
