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.

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
📞 Phone: 780-458-5479

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

Drayton Valley Office
5610 - 50 Avenue
Drayton Valley, AB T7A 1J9
📞 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 “better” 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
📞 Phone: 780-458-5479

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

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

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

Why Your Edmonton Small Business Needs Monthly Bookkeeping — 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:
🔵 Cash flow visibility so you know where you stand every month — not once a year
🔵 Accurate quarterly GST filings that are actually on time
🔵 Lower year-end accounting fees because clean books take less time to process 🔵 Audit readiness if the CRA comes knocking
🔵 Access to financing when you need it — lenders want current financial statements, not last year's
🔵 Year-end tax planning that's actually useful — 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. 📖 nsllp.ca/bookkeeping/

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

📞 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.

📞 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
📞 Phone: 780-458-5479

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

Drayton Valley Office
5610 - 50 Avenue
Drayton Valley, AB T7A 1J9
📞 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.

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

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

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

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

A few weeks turns into a few months surprisingly quickly.Receipts pile up. Transactions need to be categorized. Accounts...
10/09/2026

A few weeks turns into a few months surprisingly quickly.

Receipts pile up. Transactions need to be categorized. Accounts haven’t been reconciled. Invoices are outstanding.

And suddenly, year-end is approaching.

If that sounds familiar, ignoring the problem usually doesn’t make it easier.

Up-to-date bookkeeping can help you:

✔️ Understand how your business is actually performing
✔️ Keep better track of income and expenses
✔️ Identify outstanding receivables
✔️ Prepare for upcoming tax obligations
✔️ Make decisions using current financial information
✔️ Make year-end significantly less stressful

And if you're already behind? Start where you are.

You don't need to have everything perfectly organized before talking to an accounting professional. Helping you sort through the numbers is part of the job.

Nguyen Scott LLP provides bookkeeping and accounting support to businesses throughout Alberta.

Let’s get things back on track.

🌐 nsllp.ca

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

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

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

Reality: Some of the most valuable tax conversations happen well before a return is due.By the time your accountant prep...
10/08/2026

Reality: Some of the most valuable tax conversations happen well before a return is due.

By the time your accountant prepares your tax return, the year being reported has already ended. Depending on your circumstances, there may have been decisions or planning opportunities that could have happened earlier.

That’s why tax planning and tax preparation aren’t the same thing.

Tax preparation looks backward and reports what happened.

Tax planning looks ahead and helps you consider your options before important decisions and deadlines have passed.

As we move into the final few months of 2026, this is a good time for business owners to start thinking ahead rather than waiting for tax season.

Not sure whether there’s anything you should be considering before year-end? Ask us.

📅 Book a free 30-minute consultation with Nguyen Scott LLP:
nsllp.ca/contact-us/

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

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

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

Behind every local business is a story.An idea someone believed in. A risk someone was willing to take. Long days, diffi...
10/07/2026

Behind every local business is a story.

An idea someone believed in. A risk someone was willing to take. Long days, difficult decisions, new opportunities and a lot of hard work that customers may never see.

We understand that because we’re a local business too.

Nguyen Scott LLP is proud to work alongside individuals, entrepreneurs and businesses in St. Albert, Leduc, Drayton Valley, Edmonton and communities throughout Alberta.

For us, accounting isn’t simply about numbers and deadlines. It’s about getting to know the people and businesses behind those numbers and building relationships that last.

Thank you to the local businesses, organizations and individuals who continue to trust our team.

We’re proud to be part of the communities we serve. ❤️

🌐 nsllp.ca

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

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

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

Accounting can be complicated.The conversation with your accountant shouldn’t be.At Nguyen Scott LLP, we believe you des...
10/06/2026

Accounting can be complicated.

The conversation with your accountant shouldn’t be.

At Nguyen Scott LLP, we believe you deserve to understand what your numbers mean, why something matters and what your options are.

That means taking the time to answer questions.
Explaining things in language that makes sense.
Understanding your business beyond a spreadsheet.
And helping you make informed decisions with a clearer picture of your finances.

Whether you’re an established business owner, just getting started, dealing with a tax concern or simply looking for an accounting relationship that feels a little more personal, we’re here to listen.

Professional expertise. Practical advice. Approachable people.

That’s the kind of accounting relationship we believe in.

📍 Serving clients from our St. Albert, Leduc and Drayton Valley offices.

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

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

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

Learn more about Nguyen Scott LLP at nsllp.ca.

It’s one of the most common questions business owners ask, and for good reason.The answer isn’t simply, “I paid for it t...
10/05/2026

It’s one of the most common questions business owners ask, and for good reason.

The answer isn’t simply, “I paid for it through my business, so it’s deductible.”

Generally, a business expense needs to be incurred for the purpose of earning business income, and different rules or limitations can apply depending on the type of expense. Some costs may be fully deductible, some may have limitations, and others may need to be treated differently for tax purposes.

That’s why good recordkeeping matters.

Keep your receipts and supporting documentation, separate business and personal spending whenever possible, and when you’re unsure about an expense, ask rather than guessing.

A few minutes spent getting the answer right can save a lot of confusion when it’s time to prepare your return.

Have questions about your business expenses? Our team is here to help. Book your complimentary consultation today.

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

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

Drayton Valley Office
5610 - 50 Avenue
Drayton Valley, AB T7A 1J9
📞 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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