Is your crew truly a contractor, or should they be on payroll? In this episode of Full Throttle Finance™, we break down one of the most misunderstood parts of running a race program: W-2 vs 1099 classification.

Whether you’re paying part-time help at the track or building a full paddock crew, how you set up payroll matters. We’ll walk you through how the IRS defines employees vs contractors, common mistakes we see in motorsports and small businesses, and why getting this right protects both your budget and your team.

🔧 Topics we cover: How the IRS classifies workers (and why intent matters) The real risks of misclassifying your crew Why W-2s offer long-term advantages—even part-time How to properly work with 1099s (contracts, per diem, expectations) Examples from F1, MotoGP, and small privateer teams

👥 If you're not sure how to structure your team, or you're thinking about switching someone to payroll, we can help. Book a consult here: 👉 https://www.cleanbeeconsulting.com/fullthrottlefinance

📣 Don’t forget to like, comment, and subscribe to support financial literacy in motorsports. New episodes every Friday!

#W2vs1099 #RaceTeamPayroll #FullThrottleFinance #MotorsportsBusiness #BookkeepingForRaceTeams #SmallBusinessFinance #IRSClassification #PayrollTips #CleanBeeConsulting

Netflix quietly released F1: The Academy, a powerful docuseries following the journey of rising female drivers, and almost no one noticed.

In this episode of Full Throttle Finance™, we’re diving into why the show didn’t get the promo it deserved, what makes these women’s stories so compelling, and how visibility (or the lack of it) impacts the future of motorsport.

We explore: 🏁 The emotional stories of Abbi Pulling and Chloe Chambers 💸 The financial & cultural barriers in racing 📉 Why promotion matters — and how Netflix missed the moment 🤔 The ongoing debate: Should women and men race separately?

This isn’t just about F1. It’s about access, opportunity, and the business of building a racing career, with or without the spotlight.

👇 Drop a comment: Did F1: The Academy show up in your feed? Or did you have to go looking for it?

🎙 What do a motorsport legend and a struggling farmer have in common? Turns out, everything. In this episode of Full Throttle Finance™, we’re breaking down Season 4 of Amazon Prime’s Clarkson’s Farm and how Jeremy Clarkson’s journey from Top Gear to tractor gear mirrors the challenges of running a small business.

From bureaucratic red tape to community-first decision-making, we unpack what Clarkson’s farm teaches us about financial risk, cash flow, and building a team that tells you the hard truths (yes, we’re talking about Charlie, the accountant). You’ll also hear us geek out over Lamborghini tractors, TikTok’s own Harriet the Farmer, and the pub that sticks to its values—even when that means leaving ketchup off the menu.

This episode is full of laughs, lessons, and a fresh perspective on how motorsports, money, and farming are more connected than you think.

👇 Need help building your own version of a Diddly Squat Farm or race program? 📍 Book a consult at: www.cleanbeeconsulting.com/fullthrottlefinance

🔔 Like, comment, sub for new episodes every Friday as we blend financial strategy with real-world grit.

#ClarksonsFarm #JeremyClarkson #SmallBusinessFinance #Entrepreneurship #Motorsports #FarmToTable #FinancialPodcast #FullThrottleFinance