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 | 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 | 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...
by Nguyen Scott LLP | May 13, 2026 | Corporate Tax, Personal Tax, Self Employed, Small Business Taxes
If you own an incorporated business in Alberta, one of the most impactful decisions you make each year is how to compensate yourself. The choice between salary and dividends — or some combination of the two — has real and measurable consequences for the total tax you...
by Nguyen Scott LLP | Apr 23, 2026 | Accounting, Business Tips, Corporate Tax, Personal Tax, Self Employed
More Canadians are working as independent contractors, consultants and freelancers than ever before. Many of these professionals run their businesses out of their homes. This provides flexibility, lower overhead and an easier path to entrepreneurship. But it also...
by Nguyen Scott LLP | Apr 9, 2026 | Accounting, Business Tips, Corporate Tax, Self Employed, Small Business Taxes
Owning a franchise in St. Albert can be a rewarding business opportunity. You have the power of a recognised brand, established business systems and ongoing corporate support. But behind the scenes, a strong accounting and tax strategy is essential to protect...
