IR35 Contracts Avoid Tax Traps & Contractor Risks!
AI Summary
The video discusses the implications of working outside versus inside IR35, focusing on the risks and benefits associated with contracting. It emphasizes that being inside IR35 means you lose benefits like pensions and sick pay, taking on more risks without the advantages of being a contractor. The presenter advises ensuring contracts are strict and clearly outline the nature of the work to avoid being classified as a disguised employee. Key points include the importance of defining specific project parameters and deadlines in contracts to protect oneself from potential tax liabilities. The video concludes with an invitation for viewers to ask questions and a mention of a weekly newsletter.