Episode 28: Paying The Crew - Contractor Or Employee

W-2 or 1099? If you’ve ever hired help for a race weekend or brought someone into your small business in a part-time role, you’ve probably wondered how to classify them correctly. In this episode of Full Throttle Finance™, we’re tackling one of the most common (and costly) mistakes we see in motorsports: misclassifying your crew.

Felicia and Alli break down the IRS rules around employee vs. contractor status, what to watch for when growing your team, and why having a clean payroll setup protects your business, your budget, and your people.

We also share examples from professional race teams, contractor best practices, and the red flags that often go unnoticed, until they cost you.

🎧 Listen in if you:

Pay crew, vendors, or part-time support

Aren’t sure if someone should be on payroll

Want to grow your team the right way, from the paddock to the office

📍Need help reviewing your current setup? Book a consultation with us