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 24, 2026 | Corporate Tax, Self Employed, Small Business Taxes, switching
There is a pattern that plays out regularly in the Edmonton area business community. A business owner starts out handling their own books. Eventually they engage a large regional or national firm — reassured by the brand name and the size of the operation. A few years...
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...
by Nguyen Scott LLP | May 27, 2026 | Corporate Tax, Self Employed, Small Business Taxes
In over 24 years of working with small and medium-sized businesses across the Edmonton area, the Nguyen Scott LLP team has seen the same errors come up repeatedly — across industries, business sizes, and types. Most are entirely preventable. Here are the seven that...
