by Nguyen Scott LLP | Mar 26, 2026 | Accounting, Business Tips, Corporate Tax, Self Employed, Small Business Taxes
Retail businesses are an essential part of St. Albert’s local economy, from specialty boutiques and sporting goods shops to convenience stores and multi-location brands. Running a retail store requires constant oversight of inventory, cash flow, staffing and...
by Nguyen Scott LLP | Mar 27, 2025 | Accounting, Business Tips, Charitable Donations, Personal Tax, RRSP, Self Employed, Taxes
Looking to save on your taxes? Two powerful ways to reduce your tax bill in Canada are charity donations and RRSP contributions. At Nguyen Scott LLP, we help clients across Edmonton, St. Albert, Drayton Valley, and Leduc maximize these opportunities. Let’s dive into...
by Nguyen Scott LLP | Feb 19, 2025 | Accounting, Business Tips, Retirement Planning, RRSP, Self Employed, Small Business Taxes, TFSA
If you’re self-employed or run a small business in Alberta, you’ve probably wondered: Should I contribute to an RRSP or a TFSA? The answer depends on your unique financial situation and goals, but understanding the differences between these two savings plans can help...
by Nguyen Scott LLP | Jan 21, 2025 | Accounting, Business Tips, Corporate Tax, Self Employed, Small Business Taxes
Running a cafe or coffee shop in St. Albert is both exciting and challenging. From managing food inventory to hiring the right baristas and staying on top of daily transactions, owners juggle a lot. Accounting and tax planning play a major role in keeping a cafe...
by Nguyen Scott LLP | Dec 26, 2024 | Accounting
As a business owner, you juggle multiple responsibilities, from managing operations to ensuring your financials are in order. One area that often gets overlooked—until tax season—is receipt and paperwork management. In our 20+ years of experience, we’ve seen time and...
