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8 Biggest Tax Deductions for Your Small Business in Canada 960 640 Baranov CPA

8 Biggest Tax Deductions for Your Small Business in Canada

Welcome to the wild world of self-employment. No paycheck, no vacation, no benefits. Yes, I know, you are missing these “guaranteed” perks sometimes. But hell, now you are own boss,…

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10 Most Outrageous Tax Deductions Requested by Small Business Owners 960 640 Baranov CPA

10 Most Outrageous Tax Deductions Requested by Small Business Owners

As an accountant, I work with a variety of clients from different industries. Most clients greatly overestimate the number of deductions they can claim during the tax season. Here are…

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Professional Corporations in Ontario – Quick Answers to Common Questions 960 640 Baranov CPA

Professional Corporations in Ontario – Quick Answers to Common Questions

Professional Corporations (PC) have been around in Ontario since 1990. In the past, professionals like doctors, lawyers, dentists were not allowed to incorporate by their respective associations. There were some…

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5 Reasons Not to Run a Cash Based Business in Canada 960 637 Baranov CPA

5 Reasons Not to Run a Cash Based Business in Canada

The underground economy has been shrinking over the last 10 years. The economy is moving toward digital currencies with cash gradually withdrawn from the economy by the Bank of Canada.…

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