I Came THIS Close To Leaving

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  • čas přidán 28. 08. 2024
  • About the GST/HST: en.wikipedia.o...)
    While the rate was lowered to 5% in 2008, here in Ontario it was combined with the provincial sales tax (PST) to form the HST. In effect, HST is charged on everything now, including goods that previously were subject to PST only. That includes ALL new construction (including new home construction) happening in the province, which is quite a massive amount. From 5% to a full 13% on billions of dollars worth of projects.
    You can help support the work I do in making these videos:
    Plans for sale: ibuildit.ca/pl...
    Support this channel on Patreon: www.patreon.co...
    Did you know I have other CZcams channels?
    My main channel:
    / jpheisz
    More videos on my second woodworking channel:
    / ibuildit
    My home reno channel:
    / ibuildithome
    Website: ibuildit.ca/
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    Instagram: / i_build_it.ca

Komentáře • 461

  • @jhc500
    @jhc500 Před 5 lety +94

    "John Moves to the Caymans" would be a hell of video series. I'm looking forward to "How to make your shop hurricane proof" and "Using rum as a finish."

    • @ramosel
      @ramosel Před 5 lety +2

      Lots of projects with oak staves....

    • @GaryGrumble
      @GaryGrumble Před 5 lety

      John does Rum.

    • @BillyMcCord
      @BillyMcCord Před 5 lety +7

      They have to pay for all that socialism some how... The USA is headed down the same road ... Fight em John!

    • @kingwood207
      @kingwood207 Před 5 lety

      If anyone could do it, I'm sure he could find a way.

    • @jhc500
      @jhc500 Před 5 lety

      @@kingwood207 Oh for sure. I wasn't being (100%) sarcastic. I'd be tuned in the whole way.

  • @grice610
    @grice610 Před 5 lety +63

    Make sure you add that $3,000.00 to your business expenses on this years taxes. ;)

  • @garymccoy2888
    @garymccoy2888 Před 5 lety +15

    The most frustrating thing about taxing authorities is the feeling of being unable to fight back. A am retired now but was in business for myself for over twenty years. Just the record keeping was a huge pain in the butt.

  • @ItSeemsDark
    @ItSeemsDark Před 5 lety +16

    in italy we are still paying "temporary " taxes from WW1 and WW2 sooooo , yeah , i feel your pain :)

    • @ansiaaa
      @ansiaaa Před 5 lety

      Those are nothing. Don't forget the "temporary" tax on fuel to finance the War in Ethiopia (1935-1936)

    • @ItSeemsDark
      @ItSeemsDark Před 5 lety

      ​@@ansiaaa yeah ... i forgot about that.... nice :D Tnx for the painful reminder :D :D

    • @wickedwoodgaming1486
      @wickedwoodgaming1486 Před 3 lety

      Well you were on the loosing side so......

    • @ItSeemsDark
      @ItSeemsDark Před 3 lety

      @@wickedwoodgaming1486 i really wasn't :)

  • @sparky040887
    @sparky040887 Před 5 lety +13

    Preach on brother. I own a small business as well and it's definitely no walk in the park.

  • @patmash
    @patmash Před 5 lety +8

    I know exactly what you are talking about. As a small business owner in the states I got audited twice. Scary to say the least. Found nothing wrong but on a " technicality" they still fined me on a completely different matter.

  • @pat_link_
    @pat_link_ Před 5 lety

    Applaud this man words that reflect so many small businesses all over the world. Taxman will chase you and leave the big fish alone

  • @moc5541
    @moc5541 Před 5 lety +7

    Bird attacking the window behind him at about 6:20 is unconcerned with taxes.

  • @awesomearizona-dino
    @awesomearizona-dino Před 5 lety +3

    John, We have many Canadians here in in Arizona, enjoying good weather.

  • @larsonbennett5903
    @larsonbennett5903 Před 5 lety +1

    Looking forward to seeing the finished prototype of the quick-release wood vise. Hope to buy the plans. Thanks for a fascinating concept.

  • @kingwood207
    @kingwood207 Před 5 lety +21

    I had to laugh when the example of where to live you stated the Cayman Islands! Not the USA! Your “ rant” is exactly what we go through in the States! I know that feeling when I get a letter from the Internal Revenue Service. I once had to contest a penalty when I could prove they were wrong! I had the documentation! They didn’t care. I eventually got my way but what a lesson from people who don’t give a rats a$$ about you or the truth! I’ve been self employed for 33 years and I won’t let them get me all upset. I don’t want to retire because I’ve been stressed out over the IRS. I want to retire legitimately, like winning the powerball or something! Stay mellow. Your doing the right thing by letting your accountant handle this. Let her have the stress! Keep it off your shoulders. It’ll hurt you more than anyone else.

    • @gregbenwell6173
      @gregbenwell6173 Před 5 lety

      Canada IS NOT the USA in the first place Kingwood!!!!

    • @kingwood207
      @kingwood207 Před 5 lety +5

      Greg Benwell never said it was, nor did I imply that.

    • @llljustcallhimdave
      @llljustcallhimdave Před 5 lety +4

      @@gregbenwell6173 he didn't say it was 🙄

    • @befmx31
      @befmx31 Před 5 lety +4

      Greg - Why would you even say that?

    • @gernblanston4956
      @gernblanston4956 Před 5 lety +3

      @@gregbenwell6173 you are a real fuck nut.

  • @markduggan3451
    @markduggan3451 Před 5 lety +1

    I used to run a small business in the UK, this sort of thing was one of the reasons why I don't anymore.

  • @isaeagle4031
    @isaeagle4031 Před 5 lety +24

    Understand your frustration. Ive had 2 small businesses. It was not the customers or competition that I was concerned about. But always government agencies (taxes and regulations) that stressed me out.

  • @NearbyCactus
    @NearbyCactus Před 5 lety +1

    Same here in New Zealand. So much so, that our accountant offers an insurance scheme that covers the accountant fees in the case of a tax audit.

  • @RT-rh1ws
    @RT-rh1ws Před 5 lety

    I completely understand your position. Although I'm not a small business owner, the frustrations with CRA extend well beyond HST. For example, approximately three years ago, my father passed away. It took CRA those three years to scrutinise the estate in order to make sure that they got every penny they could before releasing it to the family. They never sent any correspondence about its status during the entire time so we just had to wait, and wait for more news about the estate. So yes, I understand your frustrations.
    On another note, I have had a look at your website and I am extremely impressed with your projects and your plans. You have many plans that I want to order; that is, once I can look at them all. That's a big task unto itself.
    Thank you for a fantastic set of videos that you're sharing with us. Keep up the great work!

  • @jonalexander2859
    @jonalexander2859 Před 5 lety +6

    Not to mention even all said and done. it still cost you to do nothing wrong.

  • @15630scarusrd
    @15630scarusrd Před 5 lety +4

    I was audited by the IRS ,they ran out of time because of statue of limitations and asked for me to grant them an extension. Of coarse I told them sorry you snooze you loose. Their reply was fine, we'll just double what we think and see you in court, an IRS court with IRS judges. That didn't seem to be in my best interest so I gave them an extension because I was confident that they wouldn't find anything. They came up with a bogus number anyway and when I asked why they were doing this to me they replied with "Because you can't afford to fight it" They were right. 550.00 dollars a month for six years then 13000.00 when I sold my house to get it over with.

  • @markbeiser
    @markbeiser Před 5 lety +1

    A couple of years ago the small company I work for got audited by our local sales tax authority.
    An auditor was in our office for 4 days going through our books.
    At the end of it, we got a bill for an additional $180 and change in taxes we owed, so the city actually lost money on the audit...

  • @TheBowdy666
    @TheBowdy666 Před 5 lety +3

    I always support small businesses good work John

  • @muellermade4857
    @muellermade4857 Před 5 lety

    I think that really is the simplest quick release I have ever seen, great design John.

  • @GrahamOrm
    @GrahamOrm Před 5 lety

    John, that happens here in the UK. There is insurance we can take out that covers accountants expenses in these circumstances. For you it would be closing the door after the horse has gone, they are unlikely to come back at you again now. Something to consider though.

  • @rawbacon
    @rawbacon Před 5 lety +1

    Somebody has to pay for all that FREE stuff.

  • @ianjefferson9518
    @ianjefferson9518 Před 5 lety +3

    Atlas Shrugs.

  • @DesandSam
    @DesandSam Před 5 lety +1

    In the U.K. we have Value Added Tax (VAT). It's currently set at 20%. Yes, 20% in what you pay for goods and services goes to the tax man. That makes every business an unpaid tax collector for the government. The average employee pays 20% income tax (on earnings above £11,800) and another 12% national insurance (above £8,400). The employer also pays another 13.8% National Insurance for each employee. If your car runs on petrol (gas) or diesel you pay the 20% vat PLUS duty (aka tax) of 57.95 pence for each litre. A litre costs about £1.20, so the government are taking about 80p out every litre you pump. So you're taxed as you earn and you're taxed as you spend. Yeah, I'm a business owner too.

  • @RVJimD
    @RVJimD Před 5 lety +8

    This was hard for me to watch because this topic makes me so F'ing mad!

  • @the1bulldurham
    @the1bulldurham Před 5 lety +1

    I got a letter from the Social Security Administration saying I owed them a little over $600 from forty years ago. 40 years! I was a minor forty years ago. Screw it. Just paid it and went on. Goodness knows how bad it would have gotten if I fought it. Stupid people scare me. I’ll fight against intelligent, logical people till the bitter end. You can’t win against stupid. FORTY YEARS AGO! No way I owed them anything from forty years ago! I was in High School, flipping burgers and paying taxes!

  • @marshallmurrell4583
    @marshallmurrell4583 Před 5 lety +16

    John, it's as bad here in the U.S. We file an income tax return and pay taxes voluntarily (under threat of criminal prosecution). If the IRS desires to do so, they can audit your return and demand to inspect all your records. They can reach down your throat, grab you by the a$$hole and turn you wrong side out, and there is not a damn thing you can do about it. Even if they are wrong, they don't have to pay your expenses incurred in responding to their audit. The IRS is an agency which presumes you are guilty and you must prove you are not guilty. That is so contrary to our Anglo-Saxon system in which the government must prove you are guilty and you are presumed to be innocent until the government proves otherwise.

    • @Theorbit10
      @Theorbit10 Před 5 lety

      It's only going to get worse for the little guy. Trump has decimated the staff of the IRS. They now will only go for the little guy, low hanging fruit. They will not go after those who can afford good lawyers.

    • @RubenLensvelt
      @RubenLensvelt Před 5 lety

      It's not contrary to Anglo-Saxon I think. As far as I can tell from my Dutch perspective the reversed evidence obligation for the irs is the MO in Germany, England and Netherlands.

    • @marshallmurrell4583
      @marshallmurrell4583 Před 5 lety +1

      @@RubenLensvelt In our system, in a criminal proceeding, the burden of proof is on the government.

    • @RubenLensvelt
      @RubenLensvelt Před 5 lety

      @@marshallmurrell4583
      That's what they say I guess.

    • @zzyyxx123
      @zzyyxx123 Před 5 lety

      @@RubenLensvelt That's what the U.S. Constitution says. 5th Amendment. I do not have to incriminate myself.

  • @jTempVids
    @jTempVids Před 5 lety +9

    If no problem is found they should have to pay your accountant and lawyer fees. Even if your in the right you still get punished. It no only cost you $3000 but all the time, energy, lost sleep, and lost productivity. "I don't want to live on this planet anymore"

  • @Ed19601
    @Ed19601 Před 5 lety +2

    I have been fighting the Norwegian tax department for years who not only wanted me to pay an enormous amount of extra tax on years I did work there but also on years I didn't even work there. This was all while I was company employed and the proper amount of taxes was already taken out of my wages. But there was no reasoning with them on that and in fact they already had impounded my bank account and wanted more. In the end the only argument that made some sense to them that even in Norway it wasn't right that I had to pay 95% of my income in tax and I ended up getting money back, but it took me 4 years to get that simple fact through to their frost bitten skulls and they recalculated. Why they didn't make the right calculation to begin with is beyond me

  • @ManuelBTC21
    @ManuelBTC21 Před 5 lety +9

    I wonder how it would work out if the tax authority were forced to pay the cost of the accountant if no fault is found. Might backfire. The tax authority might start finding lots more people at fault to avoid paying the accounting costs they're imposing.

  • @GeraldJensen
    @GeraldJensen Před 5 lety +4

    I sure feel your pain. I have been audited eight times (either me personally or the small company I owned). Though I never wound up having any additional tax liability, complying with their demands was a royal pain in the ass. The biggest joke was being audited for the year when I was a private in the army, making $135 a month!

    • @marshallmurrell4583
      @marshallmurrell4583 Před 5 lety +2

      I had an older partner who once told an IRS agent to "go F*** himself." He got audited every year thereafter for about 20 years.

  • @ScrapwoodCity
    @ScrapwoodCity Před 5 lety +4

    And you live in Canada. Wait to see what's happening in Greece for almost 8 years now. You can see whole streets of small shops closed in the row! Basically the state sees you as a potential thief. Almost every free lancer or small business here are either closed or has a huge debt in the IRS or social security services. And the European Union and the Greek government consider this as a success story!

    • @KipIngram
      @KipIngram Před 3 lety

      That's the whole point - governments regard anything they do as a success story, automatically.

  • @TheEmeraldNight
    @TheEmeraldNight Před 5 lety +2

    I had a simular issue here in Australia. I got audited by the ATO (Australian Tax Office) and needed to supply 10 years of records to them even though they tell you that you only need to keep 5 years of records. As I did my own taxes it left me many sleepless weeks trying to find all those records. The poor Auditors eyes nearly popped out of his head when I gave him boxes full of shoe boxes that were full of my goods in, goods out and any other purchase or expense I used for my business. Took him almost 6 months to go through them all. In the end he worked out I had done it wrong but he gave me a check in my favour as I did not claim a few things I was not sure on.
    First and only time I have won against our Gumbyment.
    Good luck.

  • @willarid1
    @willarid1 Před 5 lety +7

    How do I triple "Thumbs-Up" this video.

  • @michaelmitchell9220
    @michaelmitchell9220 Před 5 lety

    Amen brother. Shut down my small plumbing business for the same reasons. They force public insurance on you at a percentage of your income, force you to prepay taxes on income they estimate you "might" make, then reassess your statements from years previous that they have already signed off on. Meanwhile I read the other day that large corporations in Ontario got away with not paying 11B in owed taxes. Now I work for others and worry about nothing.

  • @Lilwolf2000
    @Lilwolf2000 Před 5 lety

    My step mother went through the same thing (US though) because she was a travel agent and deducted her vacations since she would take different ones a few times a year to recommend/resell. She loved it (in hind site)! They came to her house, redid her taxes.. Agreed with what she did... Found that she was right. Was very nice. But then they did it next year too... Ok, she made some tea for the guy when he showed up... Same thing. The next year she called to see if she was tagged again (and she was). She asked if they would just come out and do her taxes... And they did! They are there to make sure you pay what you owe, and you get tagged when your return is outside of normal. Really, getting audited is really second guessing your Accountant.
    Anyway, that is how it's supposed to happen. Glad you made it out unscathed

  • @BillSmithem
    @BillSmithem Před 5 lety +1

    Owning a small business here in the US, I feel your pain John. The Infernal Robbery Service is just as bad.

  • @devogle7905
    @devogle7905 Před 5 lety +2

    Well John, I certainly enjoyed this video, and based on the comments you are preaching to the Choir. I usually don't read coments but I was facinated by the subject of taxes. I have been in self employed bussines for 30 years and paid taxes in bouth Canada and United States. You are correct you are always in a frustrating situation even when you have done nothing wrong. As my granddad use to say when deal with a Tax entity its like " standing between a dog and fire hydrandt ". See you in the Islands.

  • @clintt5266
    @clintt5266 Před 4 lety

    I understand John, and yes, it sucks.

  • @awesomearizona-dino
    @awesomearizona-dino Před 5 lety

    John, this is one of the BEST THUMBNAILS i have ever seen.

  • @chuckholton4666
    @chuckholton4666 Před 5 lety

    So true John!

  • @mjc1of5
    @mjc1of5 Před 5 lety

    I feel your pain, John.. I'm in the US, but many of us here feel the same way.

  • @NicholasGomez
    @NicholasGomez Před 5 lety

    Amen Brother!!

  • @TediumGenius
    @TediumGenius Před 5 lety

    Hey John, thanks for taking a stand and the time to do this. Canada has been off my list since their oppressive gun laws took hold. And it's a damned shame that, like in the US in some cases, yet another government chooses to snipe the small business. Man. I love snow, but I'll take the heat, sand, and blue water without a doubt. This definitely is one more reason NOT to relocate north. Something like this happens everywhere, some oppressive "thumb" holding you down. So the Caymens question is, "what is it, there?" Insurrection, hurricanes, or a center of wealth screaming for the eye of the greedy to fall upon it. I dont know... But, hey, thanks again. I think many can see you're pretty frustrated and it's been a pretty crappy year for the monetization depreciation. Best of luck, and you still have a loyal follower in me!

  • @paz2263
    @paz2263 Před 5 lety

    Thanks for sharing your situation, it was very iinteresting. I never knew this sort of stuff went on, hope all settles down for you and you can get back in the groove...

  • @videogalore
    @videogalore Před 5 lety

    I own a small business and I agree about the recourse, but as you said it's likely the 'unusual' nature that made you a natural red flag, merely by being something that doesn't fit into a tick box.

  • @vanshankguitars
    @vanshankguitars Před 3 lety

    I just started watching this channel. You need to seek out a guy from Embrun Ontario, Jean-Serge Brisson. He's been fighting the GST in court since its inception. He refused to even collect the GST and had a sign on the door directing clients to send the GST directly to the CRA themselves. He called it slave labour. The government forcing you to collect a tax with absolutely no compensation. At least the Ontario sales tax PST there was a small amount you could keep on a monthly basis.

  • @EitriBrokkr
    @EitriBrokkr Před 5 lety

    There are metal lathes with the opposite screw engagement mechanism, the screw stays fixed and the 2 half nuts pivot around it

  • @JoeMalovich
    @JoeMalovich Před 5 lety

    About the quick release: An Idea I have that you could try is to use a threaded rod like what you would see on a drill press depth stop, mated to a nut with a similar half-engaging thread. A quarter turn of the rod would lock in the long screw in the modified nut against a rotational stop. Once the long screw is locked a second screw in the vise handle would provide the micro tightening. Almost like a screw-version of a 2-stage hydraulic cylinder but the first stage provides the quick release.

  • @MsMaximus69
    @MsMaximus69 Před 5 lety

    Hey John sorry to hear about your problems. I'm a accountant in South Africa and doing woodworking as a hobby. I totally understand your frustration with taxes.

  • @stryknyde83
    @stryknyde83 Před 5 lety +3

    Like the old saying goes, “Things that you can always count on, death and taxes”
    Wife has a small laser engraving business, LLC type. Our jurisdiction states that she has to file every month on any dollar amount she makes, whether it’s $1.00 or $1000.00. It’s ludicrous. Just the paperwork alone makes ya not want to work for yourself.
    Glad it all worked out for you John!!!

  • @tyleryoung8803
    @tyleryoung8803 Před 5 lety

    the government has been at me for a very similar thing for 2 years now. they truly don't understand how bad things are in Canada and especially where i am in Alberta.

  • @mr23johng
    @mr23johng Před 5 lety +2

    It's no different in the U.K. I wound my business up over a decade ago following a very aggressive tax inspection that lasted several years!
    All part of their sinister planned psychological warfare.
    It cost me several thousand pounds plus a few more for the specialist I hired but he cut their demand in half!
    They as you rightly say focus on the small businesses and it's the same here in that the government constantly preaches that the "small business" is the lifeblood of the country, then once you've been established for a few years they set their wolves on you.
    I loved your analogy of low hanging fruit, perfect description of how small businesses are viewed by the tax authorities.
    Someone told me that the U.K. inspectors are on a bonus, not sure if it's true or it's like this elsewhere in the world?
    Keep your chin up and try to not let them grind you down.

  • @ogatkinson6274
    @ogatkinson6274 Před 5 lety

    I totally understand, I know I am not the only one. Thanks for video.

  • @fxm5715
    @fxm5715 Před 5 lety

    The closest thing I can think of to that vice mechanism is the split nut system used to engage the saddle of many thread cutting lathes. In that case it's the nut that pivots instead of the threaded shaft, but I think it's mechanically similar. I seems like it should work really well in a vice, as long as you've got good thread engagement area. Cool idea!

  • @occisoft8082
    @occisoft8082 Před 3 lety

    I hope you get out of there some day

  • @markprice1614
    @markprice1614 Před 5 lety +2

    Went to lunch once at a Grand Cayman restaurant...cost me $100US lunch for 2 and a couple drinks. Looked at some real estate there also. It's an expensive place.

  • @RBallarddesigns
    @RBallarddesigns Před 5 lety

    Preach it John! I’m a small business owner (solar installation) and you are right. The small business is easy picking for all these entities

  • @NomenNescio99
    @NomenNescio99 Před 5 lety

    I'm from Sweden, I really understand what you are talking about.

  • @beffdiamonds
    @beffdiamonds Před 5 lety

    Please don’t give up John, your real supporters appreciate what you do. Government agencies always go after the “little man” as the “big man” can pay his lawyers millions of dollars to make this crap go away..... Keep up your great work from the U.K.

  • @Satyasam108
    @Satyasam108 Před 5 lety +2

    Never heard someone before complaining about a refund. Canada is a country with with one of the highest standards of living.
    They must do something right

    • @IBuildItScrapBin
      @IBuildItScrapBin  Před 5 lety +2

      Lol, how much are you willing to pay for a "refund"? And how must stress are you willing to endure gambling they'll get it right?
      Canada's standard of living could be much higher than it is - why settle for mediocrity? Why settle for "ok"?

  • @bespurcell
    @bespurcell Před 5 lety

    Amen! Sad but true.

  • @joescarborough1
    @joescarborough1 Před 5 lety +12

    Back in the last century I owned a residential construction company in Uh-merica. The federally sanctioned Internal Robbery Scheme sent me a letter saying I owed (had under paid) in excess of $2K. I looked at the documents and sorta half way saw how they came up with the figure. So. . . rather than fight it, I paid it. A month later I got a letter from them saying it appeared I had over paid the exact same amount and was due a refund. As soon as the project at hand was completed I shut the business down. Fuck them!!
    Cheers,
    -- Joe

    • @zzyyxx123
      @zzyyxx123 Před 5 lety +1

      I don't blame you. The IRS incentivises us to NOT make money. They should reward success, not punish it.

  • @mikeadams2677
    @mikeadams2677 Před 5 lety

    Here in the States it's called the IRS.

  • @royreynolds108
    @royreynolds108 Před 5 lety +1

    I hear you and understand completely. I own a laundromat-10 washers and 6 driers. I live in Texas, USA so have to deal with the IRS. It seems the people in Washington and Ottawa train together or share communication. I sometimes think they came from the mob.

  • @DoMo94962
    @DoMo94962 Před 5 lety +1

    Isn't that vise similar to the one izzy made with the half nuts?

  • @charlesmorris100
    @charlesmorris100 Před 5 lety

    Its the kaball man the nephelem are here!

  • @WoodUCreate
    @WoodUCreate Před 5 lety

    TBH, if Caymans is an option for you (or any other country) that you'd consider, go for it. What a video series that would be.

  • @jumpleadsx2
    @jumpleadsx2 Před 5 lety

    Government and taxes are a total swindle. Please move to the Caribbean. I would be all over that video series.

  • @freddyziffle
    @freddyziffle Před 5 lety

    Went through a very similar situation with CRA myself. It’s always a waiting game. You correct a problem today and continue to get unfavourable notices and threats for months until they finally correct things. Talking to the right person helps but it’s hit and miss. I feel for you. Don’t give up John.

  • @danwesterberg3956
    @danwesterberg3956 Před 5 lety

    that is a very common clamp. its been around at least 40 years.a lot of the small cheap horizontal band saws use it ,and its also used on cheap drill press vises

  • @tommysts1920
    @tommysts1920 Před 5 lety

    Been through this shit in the states too!

  • @jakematic
    @jakematic Před 5 lety +4

    Those letters are the leper's bell of an approaching looter.
    Owning heavy machinery that get a _lot_ of use is another joy of owning a small business. Then of course the 'insurance'. Now I want a beer or 7.

  • @ATONAL6173
    @ATONAL6173 Před 5 lety +2

    The internet is a weird place. 6:19 - Did a bird just hit the window?

  • @craigsudman4556
    @craigsudman4556 Před 5 lety +1

    The only thing certain in life, John, are death and taxes. I use to live in the Cayman Islands, great place with nice diving. Hope you enjoy it.

  • @BillHantzopoulos
    @BillHantzopoulos Před 5 lety +16

    We recently elected a new Governor here and her big push is to raise the minimum wage, saying "No one should work 40 hours a week and live in poverty". Second on her agenda.....raise the state income tax, raise gas taxes, increased vehicle registration taxes, increase taxes on hospital services, increase local taxes, and more. Our motto here..."Let them earn above the poverty level and we'll tax them right back into poverty!"

    • @kingwood207
      @kingwood207 Před 5 lety +1

      Bill Hantzopoulos that's what they do in my state!

    • @IBuildItScrapBin
      @IBuildItScrapBin  Před 5 lety +5

      why are they stopping at $15? I mean, if $15 is good, then $40 or $50 has to be better - wouldn't every unskilled burger flipper like to make that much? Walmart and Amazon and your local mom and pops store can afford to pay all of their employees a fair wage and further spread the wealth, right?

    • @kingwood207
      @kingwood207 Před 5 lety +1

      I Build It Scrap Bin this mentality all started when the teachers stopped teaching civics and how money works. Two very important subjects. If you don't know how the government works and you don't know how money works you can form those impressionable minds to think exactly the way you want. Perfect example is the newly elected congresswoman from the 14th district of New York. When confronted about how to pay for healthcare she said the government can write a check! When asked about education she says free for all! When asked about fossil fuels she says banish them ( as she flies from New York to Washington DC. ) Unfortunately for us, none of her supporters understand money. I think as a society we have our hands full with a generation of winers and crybabies that have never been taught basic knowledge of how things work. When it all goes to he!! in a hand basket people like you will be able to at least survive with the inherent knowledge that you posses. Anyway, that's my take here in the US. You obviously have a whole different problem with your own prime minister!

    • @alanworks4354
      @alanworks4354 Před 5 lety +4

      @@kingwood207 They are also trying quit teaching cursive writing in schools. I know it's a bit archaic, but many of the founding documents are written in cursive, including the US Constitution. It's easy to gradually change the Constitution if nobody can read what it actually says.

    • @SyMaster1
      @SyMaster1 Před 4 lety

      @@alanworks4354 its hard enough to read cursive in ye olde engelische

  • @utahprepper8925
    @utahprepper8925 Před 3 lety

    Right at around 6:20 a bird flies into mthe window! Looks like a red one.

  • @SeanHodgins
    @SeanHodgins Před 5 lety +1

    When I did mine after doing a few Kickstarters. I had no clue how to properly claim all of that income. About 90% of it was out of the country (Canada). I ended up phoning the CRA - and Ill add they were really friendly, easy to talk to, but not much help - Basically when I told them how I get my income, they said that there was no definitive way to claim crowdfunding, and whatever I report, if they question it then I just have to be able to justify why I claimed it a certain way. I did it the way that I thought was the easiest to put together. Anyway everything worked out so far, but I thought it was weird that they had no clue as to how to file it. They actually said they didn't know. I spoke to multiple people. I now just count everything as individual sales in my company, but its still weird, because some people pay more for some stuff just because they want to, and some people just donate.
    Also regarding the HST thing, I also have a surplus of HST, and every year I almost don't want to claim it because I know they are going to want to look into it, but it is legitimate. I only have like 20 Canadian sales a year, and everything else is US/INT. It sucks that I almost feel like I need to claim $0, even if they owe me money. Just to avoid a hassle.

    • @IBuildItScrapBin
      @IBuildItScrapBin  Před 5 lety +1

      Exactly the point I made - you are basically putting your well being in the hands of people who don't actually understand the details. Imagine if we went to doctors like that, or people who do 12 months of community college and then call themselves doctors.
      It wouldn't be so bad if there was a way to dispute the rulings without it bankrupting you, but right now that doesn't exist.

  • @JoeDavis82
    @JoeDavis82 Před 5 lety +1

    Congrats on avoiding the shit kicking bullies John

  • @TomasFaalPetersson
    @TomasFaalPetersson Před 5 lety

    Full agreement from Sweden!! Same situation here. The problem is that small business owner are not organized, so the state can easily ignore the and keep using us as their cash cows.My small business pays 20% on profit, Google and Apple pay 1%!!!
    An the when I pay out a salary to myself I pay like 75% if you include sales taxes. I want to leave too...

  • @philipdavies9034
    @philipdavies9034 Před 5 lety +1

    Well John, I really feel for you as I know exactly what you mean about these taxes and the "authorities" enforcing it! I agree with EVERYTHING you said about these "authorities in your VLOG. Two things I would like to say to you; Firstly, these "authorities" have forgotten who pays their wages, whose the customer here? We pay their wages through our extortionate taxes and then we get abusive, aggressive letters from them that assumes guilty! It would be marginally easier to swallow if they said; "Sorry for the delay in your refund, we just need to check a few things and we will be back to you shortly". And maybe a thankyou for sending in your returns in the first place! It was quite difficult not to F & Blind here, but that's my rant done as I don't want to lower myself to "their" standards. Secondly, and this is not me teaching an expert how to suck eggs, you John, are an absolutely amazing crafts man. I have learned so much form your methods and inventions that it would be a great shame if you were to stop doing what you love doing and its no guess that thousands and thousands have benefitted from your skills too. You know you have done nothing wrong, so don't let "them" get you down as this will mean they win. That's it. keep the chin up, eh!!!

  • @you5711
    @you5711 Před 3 lety +1

    6:14 we have liftoff
    6:18 crash!

  • @wallacesheckells7095
    @wallacesheckells7095 Před 5 lety

    It's the same here in the States. The small businesses are the target of audits constantly. I asked them when I was there and their response was that small businesses don't report everything or exaggerate things. I that , and said, that is a load of shit. Who in the hell wants to be audited all the time. They tell us that the United States wants to be small business friendly but are doing shady shit constantly. Like right now , I formed a business 5 yrs ago and I have to report that I have not done anything with the business thus far. I have not really had the time or funds to get it off the ground.

  • @BeholderThe1st
    @BeholderThe1st Před 5 lety +3

    Sounds like standard tax audit for sales tax. Any small business can expect to be 'randomly' selected for these every few years. Sadly, your point is that even if you are fully compliant the cost of responding to them can be important. Further, the officials are mandated to recover more and more money so they will always find in favor of the government if there is any ambiguity. Filing appeals (fighting it) isn't worthwhile even if you win, the cost in lost time and accounting expenses isn't worth it.
    It is this behaviour which is a prime example of government imposing regulation that stiffles small business. That said, I've known enough people who do everything they can to circumvent legitimate tax (under the table work) which justifies an auditing and compliance process. It just sucks when that process turns towards you.

  • @craigchingren-hamann9700

    Seems like a no brainier.. Cayman islands sounds like a pretty great idea! Especially this winter!

  • @mountainviews5025
    @mountainviews5025 Před 5 lety

    Sorry to hear that I had gone through sorta the same thing but it ended extremely bad for me close to two hundred thousand bad it rocked my life so I changed everything in my life because of it and now they're getting nothing

  • @patrickdavidson9981
    @patrickdavidson9981 Před 5 lety

    Testify ✊! love the passion and the eloquence.

  • @baconsoda
    @baconsoda Před 5 lety +1

    I understand completely. My mates are mostly one-man businesses and they have accountants. Over here the tax office assesses their tax due and they must send that money by a certain date or face big fines. The tax people then assess their books and refund the tax they overpaid in advance... and they have always overpaid! It's a bloody disgrace. These guys are busting their b@lls to keep their businesses alive and the biggest hit every year is the tax assessment lump sum they have to pay up front.

  • @btdga
    @btdga Před 5 lety +11

    Had something similar with my US income taxes a few years ago. Got a letter that claimed I owed something like $17,000.00 in additional taxes from selling some stock a couple of years earlier. I knew I didn't owe it and called up my sister who is an accountant. I had been doing my own taxes with software. She took a look at it and started digging into things. Not only did I not owe the $17,000.00, I got a refund of several thousand from a separate issue the same year. Needless to say, I no longer do my taxes with software, my sister does them for me. Best thing is she doesn't even charge me.
    I keep threatening to leave here myself. If it weren't for my wife I'd probably have gone long ago.

    • @LucasRichardStephens
      @LucasRichardStephens Před 5 lety +2

      You should pay your sister what you owe her, you are behaving worse than the government you are criticising (if she isn't payed), look at your ethics, I just couldn't believe what you wrote.

  • @RichardBanke
    @RichardBanke Před 5 lety

    Something people often overlook with situations like this is that you have the right to PAY to defend yourself. How you pay, and if you can ever recoup the cost of defending yourself are not related to you being right or wrong and are certainly not a concern to those putting you in the position to have to defend yourself. And for those that don't have the means to pay to defend themselves from what is essentially extortion, it's almost guaranteed defeat.

  • @allischalmers7081
    @allischalmers7081 Před 5 lety

    Yes you are 100% right. Small business get screwed so bad. Especially in Ontario

  • @paulwaldrop
    @paulwaldrop Před 5 lety

    I've got a small LLC, and operate out of a shop in my back yard. In order to reduce taxes, I need to ensure that my profit is minimal. So, luckily, it's a side job that I can't rely on as a great income string. The only thing that keeps me going is that I enjoy doing it (it's a release from my real job). But, the IRS doesn't help small businesses. And, like you, I sell on the internet. And I have an accountant to do my taxes. It sucks.

  • @jrsydvl7218
    @jrsydvl7218 Před 5 lety

    That looks similar to a screwless toolmaker's vise. A locking bar fits into notches then you tighten the screw down against the work with the jaw.

  • @onecarwood
    @onecarwood Před 5 lety

    Could you have a nut that is cut in half and when you push a lever they separate and when you wanted to tighten release the lever and the nut is whole again? Would this be a pain in the ass?

  • @elnegro1981
    @elnegro1981 Před 5 lety

    I think maybe You could put a pivot point (like a wheel) between bolts to remove the sound and the friction with the screw when it's free.

    • @IBuildItScrapBin
      @IBuildItScrapBin  Před 5 lety +1

      There is a pivot point - that piece of plywood in the middle. It's easier to see in the Instagram video.

  • @davedjoice3627
    @davedjoice3627 Před 5 lety

    PREACH! its not much better, possibly worse here in the States...

  • @yt66228
    @yt66228 Před 5 lety

    It is a common way of fast clamping. Dewalt uses it on their miter saw clamping screw.

  • @vaalrus
    @vaalrus Před 5 lety

    If I’m understanding it right, hat’s more or less a similar mechanism that locks the vise on my old Milwaukee chop saw.

  • @tallyman15
    @tallyman15 Před 5 lety

    Come to Florida. We love businesses. No state income tax. Great weather.

    • @scottharmon709
      @scottharmon709 Před 5 lety

      And we have "Florida Man" who regularly makes the national news!

  • @jens-digitalwoodwork9852

    Hello John, thanks for sharing your situation. I can understand you, yesterday I received a letter from the employers' liability insurance association. They don't believe me that I can build the whole extension without a helper and now they come by to check it out. They just want my money. That already causes sleepless nights.