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IR35 Explained | Inside vs Outside IR35 for Contractors Does IR35 make your head spin? Are you not sure what it is, how it’s determined, or how it impacts your take home pay? In this video I try and answer all of those questions and more. In this video we cover what IR35 is, who determines your status, whether you’re small or medium/large, and inside vs outside IR35 pay differences. Video contents 💼 What IR35 is - the legislation that determines how contractors are taxed 🏢 Who determines your status – and why client size matters (small business vs medium/large enterprises) 💰 The impact on your pay – how working inside IR35 could reduce your take home pay by 20%+ vs outside IR35 ✔️ What a Status Determination Statement is, why you should have one and how it protects you 🔒 How insurance-backed tools can give you even more peace of mind Get IR35 wrong and it can cost you big time. Get IR35 right and you have one less thing to worry about in your contracting career. Take back control, and watch the video to find out how to do this. If you need specific advice about IR35 and your contracts – don’t hesitate to book a free consultation via [www.biaccountancy.com](https://www.biaccountancy.com) If you want tax and business advice that’s as jargon-free as possible, then subscribe to the channel and hit the bell button to stay up-to-date. #IR35 #Contractors #Freelancers #TaxTips #LtdCompany #BrightIdeasAccountancy