Nguyen Scott LLP

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Nguyen Scott LLP Chartered Professional Accountant, Chartered Accountant We have three convenient Alberta locations to better serve your needs in St.

Nguyen Scott LLP is a Chartered Professional Accounting firm and has been locally-owned and operated for over 24 years. We serve small and medium-sized businesses, covering a wide range of industries and professions, including: financial services, medical practices, retail, construction, transportation, real estate, oil and gas-related services, farming, and not-for-profit and charitable organizations. Albert, Leduc, Edmonton and surrounding areas, and Drayton Valley.

Not how much you've invoiced.Not how much has come through your bank account.Not how busy you've been.How much has your ...
10/23/2026

Not how much you've invoiced.

Not how much has come through your bank account.

Not how busy you've been.

How much has your business actually earned after expenses?

If you can't answer that question confidently, you're certainly not the only business owner who can't.

But it's an important number to understand.

Current, accurate financial information can help you see whether your business is profitable, where costs are increasing, how your results compare with previous periods and whether the business is performing the way you think it is.

You don't need to obsess over every number.

You do need access to the right numbers.

As we head into the final months of 2026, take a few minutes to look beyond your bank balance and check in on the financial health of your business.

Book a complimentary consultation to review your numbers with our team.

St. Albert Office
Suite 203, 12 Perron Street
St. Albert, AB T8N 1E4
πŸ“ž Phone: 780-458-5479

Leduc Office
5220 - 50 Street
Leduc, AB T9E 6Z6
πŸ“ž Phone: 780-458-5479

Drayton Valley Office
5610 - 50 Avenue
Drayton Valley, AB T7A 1J9
πŸ“ž Phone: 780-542-9292

You can see the transaction.You know you bought it for your business.So why bother keeping the receipt?Because a transac...
10/22/2026

You can see the transaction.

You know you bought it for your business.

So why bother keeping the receipt?

Because a transaction appearing on a bank or credit card statement may show that money was spent, but it doesn't necessarily provide all the information needed to establish what was purchased or support the tax treatment of the expense.

Good documentation matters.

For business purchases, get into the habit of keeping receipts, invoices and other supporting records and making sure they clearly connect to the business expense.

Digital recordkeeping can make this significantly easier. The important part is having a system you can maintain consistently.

A little organization throughout the year can save a lot of time trying to reconstruct transactions later.

Your future self, and your accountant, will thank you.

Book your complimentary consultation today, and meet our team.

St. Albert Office
Suite 203, 12 Perron Street
St. Albert, AB T8N 1E4
πŸ“ž Phone: 780-458-5479

Leduc Office
5220 - 50 Street
Leduc, AB T9E 6Z6
πŸ“ž Phone: 780-458-5479

Drayton Valley Office
5610 - 50 Avenue
Drayton Valley, AB T7A 1J9
πŸ“ž Phone: 780-542-9292

First, don't ignore it.Receiving correspondence from the Canada Revenue Agency doesn't automatically mean you've done so...
10/21/2026

First, don't ignore it.

Receiving correspondence from the Canada Revenue Agency doesn't automatically mean you've done something wrong. CRA may be requesting information, asking for supporting documents, notifying you about a change or contacting you for another reason related to your tax account.

The important thing is to understand what CRA is asking for and whether there is a deadline to respond.

Before responding:

β€’ Read the notice carefully
β€’ Confirm what information or documents are being requested
β€’ Pay attention to response deadlines
β€’ Gather the records related to the request
β€’ Ask your accountant for help if anything is unclear

And be cautious with unexpected calls, texts or emails claiming to be from CRA. If you're unsure whether a communication is legitimate, verify it through official CRA channels before providing personal or financial information.

A CRA letter can feel intimidating, but you don't have to figure it out alone.

Nguyen Scott LLP can help clients understand CRA correspondence and determine the appropriate next steps.

🌐 nsllp.ca

St. Albert Office
Suite 203, 12 Perron Street
St. Albert, AB T8N 1E4
πŸ“ž Phone: 780-458-5479

Leduc Office
5220 - 50 Street
Leduc, AB T9E 6Z6
πŸ“ž Phone: 780-458-5479

Drayton Valley Office
5610 - 50 Avenue
Drayton Valley, AB T7A 1J9
πŸ“ž Phone: 780-542-9292

For physicians and other medical professionals, running a practice can add an entirely different set of responsibilities...
10/20/2026

For physicians and other medical professionals, running a practice can add an entirely different set of responsibilities to an already demanding career.

There are financial decisions to make, records to maintain, tax obligations to understand and, for incorporated professionals, questions about how money moves between the corporation and your personal finances.

It can be a lot to manage when your attention is understandably focused elsewhere.

The right accounting relationship can help you better understand your financial position, plan ahead for taxes and make informed decisions as your practice and personal circumstances change.

At Nguyen Scott LLP, we believe that advice should also be understandable. You should know not only what is being recommended, but why it matters.

Looking for accounting support that takes the time to understand the bigger picture?

Book a free 30-minute consultation:
nsllp.ca/contact-us/

For many businesses, year-end planning shouldn't begin in the final week of December.October is an excellent time to sta...
10/19/2026

For many businesses, year-end planning shouldn't begin in the final week of December.

October is an excellent time to start looking at where your business stands and what may need attention before the calendar turns to 2027.

Consider reviewing:

β€’ Your year-to-date financial results
β€’ Expected income and expenses for the remainder of the year
β€’ Outstanding accounts receivable
β€’ Planned business purchases
β€’ Your bookkeeping and financial records
β€’ How you're compensating yourself from your corporation
β€’ Any significant changes that happened in your business this year

Most importantly, identify the questions you need to discuss with your accountant while there is still time to plan.

Good year-end planning isn't about making last-minute decisions. It's about having the information you need early enough to make thoughtful ones.

Nguyen Scott LLP works with Alberta businesses to make year-end less about surprises and more about preparation.

Contact us to book a free 30-minute consultation:
nsllp.ca/contact-us/

St. Albert Office
Suite 203, 12 Perron Street
St. Albert, AB T8N 1E4
πŸ“ž Phone: 780-458-5479

Leduc Office
5220 - 50 Street
Leduc, AB T9E 6Z6
πŸ“ž Phone: 780-458-5479

Drayton Valley Office
5610 - 50 Avenue
Drayton Valley, AB T7A 1J9
πŸ“ž Phone: 780-542-9292

Filing your tax return doesn't necessarily mean it's time to clear out your files.The Canada Revenue Agency generally re...
10/16/2026

Filing your tax return doesn't necessarily mean it's time to clear out your files.

The Canada Revenue Agency generally requires taxpayers to keep records and supporting documents for at least six years from the end of the last tax year they relate to.

That can include documents such as receipts, invoices, bank records and other information used to support the income, deductions or credits reported on your return.

There can also be situations where records need to be kept longer, so don't automatically discard documents just because six years have passed.

Good recordkeeping can make a significant difference if you need to verify information later or CRA asks for supporting documentation.

Not sure what you should be keeping?

Nguyen Scott LLP can help you understand your recordkeeping obligations and make tax time easier to manage.

Learn more at nsllp.ca.

St. Albert Office
Suite 203, 12 Perron Street
St. Albert, AB T8N 1E4
πŸ“ž Phone: 780-458-5479

Leduc Office
5220 - 50 Street
Leduc, AB T9E 6Z6
πŸ“ž Phone: 780-458-5479

Drayton Valley Office
5610 - 50 Avenue
Drayton Valley, AB T7A 1J9
πŸ“ž Phone: 780-542-9292

If you own an incorporated business, you may have options when it comes to how you pay yourself.Salary and dividends are...
10/15/2026

If you own an incorporated business, you may have options when it comes to how you pay yourself.

Salary and dividends are treated differently for tax purposes, and each can have implications beyond the amount of tax you pay today.

Salary creates earned income for RRSP contribution room and generally involves CPP contributions. Dividends do not create RRSP contribution room and are treated differently for personal income tax purposes.

But that doesn't mean one is automatically β€œbetter” than the other.

The right approach can depend on your income, personal circumstances, business finances and longer-term plans. In some cases, a combination may make sense.

This is exactly why tax planning should be personal.

Before deciding how to compensate yourself from your corporation, have the conversation with your accountant.

Nguyen Scott LLP helps incorporated business owners understand their options and make informed decisions based on their individual circumstances.

Book your free 30-minute consultation:
nsllp.ca/contact-us/

St. Albert Office
Suite 203, 12 Perron Street
St. Albert, AB T8N 1E4
πŸ“ž Phone: 780-458-5479

Leduc Office
5220 - 50 Street
Leduc, AB T9E 6Z6
πŸ“ž Phone: 780-458-5479

Drayton Valley Office
5610 - 50 Avenue
Drayton Valley, AB T7A 1J9
πŸ“ž Phone: 780-542-9292

Why Your Edmonton Small Business Needs Monthly Bookkeeping β€” Not Just Year-EndYear-end bookkeeping tells you what happen...
10/14/2026

Why Your Edmonton Small Business Needs Monthly Bookkeeping β€” Not Just Year-End

Year-end bookkeeping tells you what happened. Monthly bookkeeping tells you what's happening. For small business owners in Edmonton, St. Albert, and Leduc, that difference matters more than most people realize:
πŸ”΅ Cash flow visibility so you know where you stand every month β€” not once a year
πŸ”΅ Accurate quarterly GST filings that are actually on time
πŸ”΅ Lower year-end accounting fees because clean books take less time to process πŸ”΅ Audit readiness if the CRA comes knocking
πŸ”΅ Access to financing when you need it β€” lenders want current financial statements, not last year's
πŸ”΅ Year-end tax planning that's actually useful β€” you need to know your numbers before December 31, not in February

The cost of monthly bookkeeping is often less than the catch-up fees you pay at year-end when everything is a mess. And the value of knowing your numbers year-round is incalculable. We've helped businesses in St. Albert, Edmonton, Leduc, and Drayton Valley keep clean books for over 24 years. Learn what that means for your business. πŸ“– nsllp.ca/bookkeeping/

https://nsllp.ca/why-your-edmonton-small-business-needs-monthly-bookkeeping-not-just-year-end/

πŸ“ž Free consultation: nsllp.ca/contact-us/

It can be one of the most frustrating situations for a business owner.Business is busy. Revenue is growing. Sales look g...
10/13/2026

It can be one of the most frustrating situations for a business owner.

Business is busy. Revenue is growing. Sales look good.

But somehow, there never seems to be as much cash available as you expected.

Revenue, profit and cash flow tell you different things about the financial health of your business. Money can be tied up in accounts receivable, inventory, loan payments, equipment purchases and other areas. Timing can also make a significant difference between what your financial statements show and what is actually sitting in your bank account.

That’s why looking at revenue alone doesn’t give you the full picture.

Understanding where your money is going and when it is moving can help you identify pressure points and make better-informed business decisions.

If your business looks successful on paper but cash always seems tight, it may be time to dig deeper into the numbers.

Nguyen Scott LLP helps Alberta business owners understand the story behind their financial statements.

πŸ“ž Contact us to book a free 30-minute consultation:
nsllp.ca/contact-us/

St. Albert Office
Suite 203, 12 Perron Street
St. Albert, AB T8N 1E4
πŸ“ž Phone: 780-458-5479

Leduc Office
5220 - 50 Street
Leduc, AB T9E 6Z6
πŸ“ž Phone: 780-458-5479

Drayton Valley Office
5610 - 50 Avenue
Drayton Valley, AB T7A 1J9
πŸ“ž Phone: 780-542-9292

Visit us at https://nsllp.ca

For contractors and trades businesses, it’s easy for the financial side of the business to get pushed down the list.You'...
10/12/2026

For contractors and trades businesses, it’s easy for the financial side of the business to get pushed down the list.

You're quoting jobs, managing projects, purchasing materials, coordinating crews, dealing with customers and trying to keep everything moving.

Meanwhile, invoices, receipts and bookkeeping keep accumulating.

Good financial records aren't just about making tax time easier. They can give you a much clearer understanding of what's happening inside your business.

Are your jobs actually profitable?

How much are materials and other costs affecting your margins?

Are customers paying on time?

Is cash flow keeping pace with the amount of work you're doing?

And are your records giving you enough information to make confident decisions about the next job, purchase or hire?

Nguyen Scott LLP works with construction companies, contractors and trades businesses to help make the numbers more manageable.

You take care of the work you're great at. Let’s make sure your accounting is working just as hard.

πŸ“… Book a free 30-minute consultation:
nsllp.ca/contact-us/

St. Albert Office
Suite 203, 12 Perron Street
St. Albert, AB T8N 1E4
πŸ“ž Phone: 780-458-5479

Leduc Office
5220 - 50 Street
Leduc, AB T9E 6Z6
πŸ“ž Phone: 780-458-5479

Drayton Valley Office
5610 - 50 Avenue
Drayton Valley, AB T7A 1J9
πŸ“ž Phone: 780-542-9292

Address

203, 12 Perron Street
Saint Albert, AB
T8N1E4

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 4pm

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