What Saskatchewan business owners say about working with us

Trades business with inconsistent records

A Saskatoon-based plumbing operation had been tracking invoices and expenses in a spreadsheet. By mid-year, reconciling the bank against the spreadsheet had become a two-day task each month — one the owner was handling himself on weekends.

Loon Ledger migrated the records to a cloud-based accounting platform, set up a chart of accounts appropriate to a trades operation, and took over the monthly reconciliation. The owner received shared view-only access and a monthly statement package within 7 business days of each period close.

Records clean from month one. No more weekend reconciliation for the owner. At the end of the fiscal year, the tax filing process was substantially faster because the records were well-organized — the owner estimates the combined bookkeeping and tax costs were offset by time recovered.

First-time corporate filer missing available credits

A Saskatoon-based graphic design studio had recently incorporated and filed its first T2 return independently. On reviewing the return, several credits and deductions available to Saskatchewan small corporations had not been applied — including the provincial small business deduction at the appropriate rate.

Loon Ledger handled the subsequent year's tax filing. A structured document collection process was followed, and the return preparation included a deliberate review of all applicable federal and provincial credits. A pre-filing meeting walked through each credit identified and why it applied.

The return for the subsequent year reflected the correct application of provincial credits. The owner received a post-filing letter outlining the effective rate and instalment schedule for the year ahead — information she now uses to plan quarterly cash flow.

Family farm equipment business facing ownership transition

A family-operated equipment dealership in central Saskatchewan had no formal plan for how the business would transition to the next generation. The owner was in his early 60s, two children were working in the business, and the corporate structure had accumulated significant retained earnings with no clear plan.

The advisory engagement began with a comprehensive review of the corporate structure, retained earnings, real property, and family goals. A multi-year strategy document was produced addressing salary and dividend optimization, estate freeze considerations, and a phased ownership transfer timeline.

A structured plan is now in place and has been reviewed at two annual advisory sessions. The family has a clear picture of what the transition involves, what tax implications arise at each stage, and how compensation is structured in the interim period to reflect each person's role.