Wondering if someone can explain the legal/tax advantages of registering your home daycare vs. non-registered, ie. munchkins home daycare vs. Lisa's home daycare. I understand that in Ontario, we are not required to register if we simply refer to the daycare in your own name but womdering if there are greater advantages of registering a business name instead. Are you able to write off more items if registered?? Also, how does it work if I get extra help (employee), how does this affect me if they are being paid 'under the table'???

thanks in advance