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13063760008
tnygren@nygrenacounting.ca

NYGREN ACCOUNTING

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It all adds up

Decades of experience gives me the knowledge and insight to navigate the world of tax for my clients so they can concentrate what is important, their business!

Terry Nygren, Certified member of the Association of Tax and Accounting Professionals of Canada

What I do
The word success conjures up many exciting images. And yes, often the images are of reaching hard won business goals and healthy bank account balances, but images of time away from work to spend time with family, travel and just enjoy the good things in life are part of our dreams too.

Good management includes hard work, careful planning, attention to finances and maintaining a good work life balance so you bring your best self to your business.

Making use of professionals to guide and advise you along the way is a part of smart and effective business practice.

Nygren Accounting specializes in working closely with small business, farm and corporate owners in all things related to finances and taxes. 

Decades of experience helping  

small business owners and farmers

achieve their goals

Terry Nygren

What I do best

Meeting the tax filing deadlines can seem overwhelming when are days are already busy enough! 

I work with clients to plan for the best ways to minimize income tax costs and am there to represent my clients in any event. The world of tax is constantly becoming more complex and I will guide you through all the details to best represent you. Although I do not perform bookkeeping tasks myself, I will always help to advise with bookkeeping as well as Goods and Services Tax, Provincial Sales Tax, dividends, and payroll preparation and reporting.

Small Business 

All for profit businesses operate as either a sole proprietorship, partnership or a corporation. if you are not incorporated then, by default, you are either a sole proprietor (you own the business yourself) or a partnership (you own the business with someone else).

These types of businesses report their business transactions on a regular T1, the same tax return as all your other income and tax credits. I can advise, plan and file your income taxes, GST and PST returns and payroll reports. 

Farm

 Farmers have many tax filing advantages and access to financial support programs not available to other businesses. Cash basis accounting, qualified farm property, the capital gains exemption for qualified farm property, the Optional and Mandatory Inventory Adjustments, the AgriInvest and AgriStability programs just to name a few.

I have worked with farmers and farm programs for decades and understand the complexities, opportunities and the potential snags that need to be considered when preparing farm income tax returns and planning for the best use of the capital gains exemption for qualified farm property.

Corporate

The big questions:
  • Should I incorporate my farm or small business? And just what does it mean to operate as a corporation?
  • If you are just starting out, should you operate your business as a sole proprietorship or partnership for awhile and then "elect to roll" your farm or business assets later into a corporation on a tax deferred basis?
  • I'm ready with answers to your questions as I advise you of the benefits and pitfalls of operating as a corporation such as the most beneficial split between salary and dividends for shareholder owner managers.
  • I welcome corporate clients and prepare year-end financial statements and corporate income tax returns.

Estate Tax Filing

I guide my clients through the complex world of estate taxation in the difficult days and months following a death, whether a close family member or anyone who requested you to act as their executor after their death. From advice to filing the Estate Income Tax returns known as a T3 I'm there from the beginning to the very end of the process.
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