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PEO Benefits and Business Funding 0

Posted on April 08, 2015 by Tiffany C. Wright
People working on laptops.

PEOs enable you to onboard employees without all the administrative headaches.

Venture capitalists like PEOs.

Venture capitalists like PEOs, the acronym used for personnel employment organizations. Why is this? Because PEOs enable rapidly growing enterprises to ramp up their hiring without getting bogged down in all the administrative tasks related to onboarding new employees. VCs like founders and co-founders to focus, focus, focus on running their start-ups.  Focus onn what, pray tell? On products, production, services, customer service, sales, and marketing.

PEOs handle hiring-related administrative details.

PEOs handle all the administrative details related to hiring. They provide interview forms, interview guidelines (what not to do), I-9 and W-4 forms, ready-made templates, and HR and related training. The list goes on. PEOs also provide benefits and benefits administration, which are key to enticing new employees. Through PEOs small businesses gain access to 401K plans and health care benefits at large company, group rate pricing because the PEO combines employees from all the companies it contracts with.

PEOs help companies hire fast.

In addition, when a company is growing rapidly, it’s doing all it can to hire people fast enough to cover demand. If the management team had to focus on more of the human resource activities than recruiting, interviewing and ensuring a good fit, how could the management team be sure they focused properly on the other areas necessary to support rapid expansion? Answer: They could not.

To read more on the subject, read the article Benefits of Personnel Employment Organizations (PEOs) .

Happy Thanksgiving to All! 0

Posted on November 27, 2014 by Tiffany C. Wright
Enjoy your Thanksgiving!

Happy Thanksgiving!

Continually giving thanks for what you have is one way to help you obtain even more. Something about the feeling of gratitude that makes you feel content, peaceful, happy. When you have those feelings and focus on them, more of them seem to appear.  However, many of us forget to give thanks on a regular basis. Others of us do so as an automatic gesture, as in, “Thanks” to the grocery store clerk or an employee or when saying your blessings before eating (if you do that).  The blessing is more of a recital than a real thanks.

Today, take the opportunity to truly give thanks for all you have, no matter how little or how large. Appreciate it. Your favorite coat, your growing business, your wonderful employees, your awesome nephew, your amazing last vacation, the beautiful scenery, the fresh clean air. Whatever it is, revel in it, appreciate it. Say thank you for whatever good you have. And notice how you feel!

Happy Thanksgiving to All!

Akron Author Launches Business Funding Book at Book Signing Event 1

Posted on November 13, 2014 by Tiffany C. Wright

The Funding Is Out There! book cover


Contact: Trevor Wright



Local Author Launches Business Funding Book at Book Signing Event

Author of the new business financing how-to, The Funding Is Out There! Access the Cash You Need to Impact Your Business, is bringing her message to the greater Akron, Ohio community through an area book signing. Stop by to meet her and discuss business funding concerns.

Tallmadge, OH – Local business and finance writer and entrepreneur Tiffany C. Wright of Tallmadge will debut her book, The Funding Is Out There! Access the Cash You Need to Impact Your Business, as part of a multi-author book signing event at Barnes and Noble in Akron at 4015 Medina Road on Saturday, November 22 from 1-4 pm.

Tiffany C. Wright, is the founder of The Resourceful CEO, which provides small and medium business owners with the productized services, training and tools they need to achieve higher business cash flow and profitability. In addition, she is a former business consultant and serial entrepreneur who has advised a number of businesses over the years. Tiffany has been featured on radio and podcasts and brings humor, passion, and creativity to her work.

Tiffany makes finance and financing easily understandable for the typical entrepreneur who focuses more on the actual product or service delivered, or on marketing and sales, and finds financing a necessary yet difficult evil. She has helped dozens of business owners who had difficulty locating and obtaining financing for their ventures find the solutions they needed to grow their businesses. According to Tiffany, “In, The Funding Is Out There! I discuss a number of business funding solutions that many business owners are not even aware exist…and how to obtain that funding. And I do this with a sense of fun and humor. Financing can be boring but when you think about what it can do for you, it becomes more exciting. This is what I convey.”

Tiffany continued, “I am excited to be launching The Funding Is Out There! at Barnes and Noble in Akron. I grew up in the Akron area so Akron will always be near and dear to my heart. I’d love for business owners and aspiring entrepreneurs to stop by and ask me any questions they may have regarding business funding. I love to help people achieve their dreams.” Tiffany will be available for book signings and questions from 1-4 pm on Saturday, November 22, at Barnes and Noble in Fairlawn.

Tiffany is available for interviews and appearances. For booking presentations, media appearances, interviews, and/or book-signings contact Trevor Wright at 404-642-0509 or .

Interview of Tiffany C. Wright on the Hollis Chapman Show 0

Posted on July 25, 2014 by Tiffany C. Wright

Hollis Chapman show

Join me for my interview by Hollis Chapman on the Hollis Chapman Show!

Topic: My new book, The Funding Is Out There! Access the Cash You Need to Impact Your Business

Friday, July 25, at 1:00 pm EST / 12 noon CST / 10 am PST

Here answers to the following questions and more:

  • How does a new company get funds? Should you apply under your company LLC?
  • How has passion helped you get over the rough spots?
  • Small and medium businesses are unaware of the variety of financing sources.But there are so many hoops to jump through!
  • Information that increases their odds of obtaining the financing they need to grow their businesses-what should we do first to get started?
  • Advice that enables small and medium businesses to optimize their banking relationships

Interview on the Entrepreneur Podcast Network 0

Posted on February 26, 2014 by Tiffany C. Wright

Click on the highlighted text or on the photo to listen to the podcast interview with Tiffany.

Video: What Entities Get 1099s? 0

Posted on January 16, 2014 by Tiffany C. Wright

Video presentation: What Entities Get 1099s?

Form 1099 Video Series 0

Posted on January 15, 2014 by Tiffany C. Wright
IRS Form 1099-MISC for 2013

IRS Form 1099-MISC for 2013

Companies must deliver Form 1099-MISC, usually just referred to as a 1099, to each qualifying contractors and subcontractors by January 31 of each year. Companies must then provide the 1099 summary form to the Internal Revenue Service by February 28, if submitting by mail, and by March 31, if filing electronically. (What better incentive to convince you to e-file your 1099s with the IRS than to give you an additional month to do so!!) To not do these activities could lead to substantial potential penalties from the IRS.

Over the next two weeks or so, I will release a series of videos addressing various questions related to filing 1099s. These videos are from a business owner’s perspective, not an individual/freelancer, although some of the information may be relevant. If you have any questions regarding any of these videos or need further assistance, please contact me at I welcome any input you may have on additional videos while I’m making them. After that, sorry, but I’ll just have to save your inputs until I do something similar again next year!

Likely topics (not yet finalized):

  • What Types of Entities Receive 1099s?
  • Private Corporations and 1099s
  • Rent Paid to Corporations – 1099 Required?
  • Other, Less Common 1099s Businesses Often File
  • Penalties Faced for Non-Filing of 1099s
  • 1099s: The W-9’s Purpose

My hope is that this information will make this 1099 filing and reporting season easier on you than in the past. I also hope that you will take this information and revamp your internal processes (if applicable) to make the whole 1099 mailing and submission process easier next January. When you have all the documents in advance and track contractor information in a software program (even if it’s Word or Excel!), the whole process actually only takes a few hours. When you use one of the online submission tools, the largest block of time is the amount of time it takes to do data entry. I know this because I’ve been through it five times!

Finally, I’ll provide you with references and resources so you can get additional information if you so desire. Most of my references are from the IRS, which makes sense as 1099s are an IRS requirement!

Until tomorrow….

Get Clear on What You Want 0

Posted on December 23, 2013 by Tiffany C. Wright

This is a post republished, with permission, from Jack Canfield’s Maximizing Your Potential blog.

Are you ready to make 2014 your best year yet?

It’s easy to start the new year full of enthusiasm and optimism. But to maintain your momentum through the year, you need to set powerful, crystal-clear goals.

The first step to getting what you want out of life is to decide exactly what you want.

What do you want to accomplish?
What do you want to experience?
What do you want to acquire?
Who do you want to be?

One of primary reasons most people don’t get what they want is that they aren’t clear about what they want. Others will recognize what they’d like to have, but when they can’t see how it’s possible to get what they want, and they dismiss their desires as foolish and unattainable.

Don’t sabotage yourself this way!

After decades of research into how the human brain works, scientists now know that for our brains to figure out how to get what we want, we must first decide what we want. Once we lock-in our desires, our mind and the universe can step in to help make our dreams a reality.

Dream Big

We start the process by getting clear about what we want. So, what do you want? To create a balanced and successful life, write down a minimum of 3 goals in each of the following 7 areas:

Financial Goals
Career/Business Goals
Free Time/Family Time
Health/Appearance Goals
Relationship Goals
Personal Growth
Making a Difference

If you have more goals than this, don’t limit yourself – write them down! On the other hand, if writing down 21 goals seems like a lot, remember that we can have a mix of long- and short-term goals. For example, in the financial area, you may have a short-term goal of paying off a $5,000 credit card balance, as well as a long-term goal of amassing a net worth of $5 million dollars. You want to keep both goals present in your mind, even though you’ll be working more actively on the short-term goal first.

Stretch Yourself

When setting our goals, it’s important to include a few that will make us stretch and grow to achieve them. These might be learning a new skill or trying something that is uncomfortable and maybe a little frightening, such as public speaking. It also helps to set a breakthrough goal that would represent a quantum leap. Examples of breakthrough goals include publishing a book, starting a business, getting on Oprah, winning a gold medal at the Olympics, or getting elected president of your industry association.

Material goals are important, but the ultimate goal is to become a master at life. In the long run, the greatest benefit we receive from pursuing our dreams is not the outer trappings of fulfilling the dream, but who we become in the process.

The outer symbols of success can all be easily lost. Houses burn down, companies go bankrupt, relationships end, cars get old, bodies age and fame wanes, but who you are, what you have learned, and the new skills you have developed never go away. These are the true prizes of success. Motivational philosopher Jim Rohn advises that “You should set a goal big enough that in the process of achieving it, you become someone worth becoming.”

Turn Your Dreams Into Goals and Objectives

Once you are clear about what you want, write them down and turn each item into a measurable objective. Measurable means measurable in space and time – how much and by when.

For instance, if you were to tell me that you wanted more money, I might pull out a dollar and give it to you. You would probably protest, saying “No, I meant a lot more money, like $20,000!” But there is no way I’d know how you’d define “more money” unless you tell me, right?

Similarly, your boss, your friends, your spouse, your brain, God, and the Universe can’t figure out what you want unless you tell them specifically what it is. What exactly do you want and when do you want it by?

Your Goals Impact Others

As soon as you commit to a big dream and really go after it, your subconscious creative mind will come up with big ideas to make it happen. You’ll start attracting the people, resources, and opportunities you need into your life to make your dream come true. Big dreams not only inspire you, they compel others to want to play big, too.

You’ll also discover that when your dreams include service to others – that is, accomplishing something that contributes to others – it accelerates the accomplishment of that goal. People want to be part of something that contributes and makes a difference.

Work on Your Goals Daily

To keep your subconscious mind focused on what you want, read your list of goals everyday. For an even more powerful approach, close your eyes and focus on each goal and ask yourself, “What is one thing I could do today to move toward the achievement of this goal?” Write down your answers and take those actions.

As the old joke goes, “How do you eat an elephant? One bite at a time.” Steady progress in bite-sized chunks puts even the most audacious goals into reach.

– See more at:

Jack Canfield, America’s #1 Success Coach, is founder of the billion-dollar book brand Chicken Soup for the Soul® and a leading authority on Peak Performance and Life Success. If you’re ready to jump-start your life, make more money, and have more fun and joy in all that you do, get FREE success tips from Jack Canfield now at:

Credit Report Abbreviations – an Explanation 0

Posted on December 09, 2013 by Tiffany C. Wright


Understanding your credit report can help you obtain more credit.


A good credit standing can have benefits far beyond your bank. Getting an apartment, signing up for utilities and even landing a job can all be affected by your credit history. Landlords, the electric company and your potential employer may use your credit to figure out if you will be a responsible tenant, customer or employee.


Credit reporting agencies — TransUnion, Equifax and Experian — generally use similar abbreviations on the credit reports they maintain for consumers. The abbreviations that appear on your credit report depends on the types of loans and financing arrangements you have, the types of inquiries made and whether or not any delinquencies appear on your credit report. Most credit reports include a legend, which explains each abbreviation, at the beginning or the end of the full print-out.

FAD represents the date of most recent activity, FN for “file number” which is used for internal purposes. AKA and FN followed by a name refers to also known as or former name. BD stands for birth date. Regarding employment, ES refers to your current employer, EF to your previous employer and E2 to your second previous employer.

Public Records

Under public records, a bankruptcy is listed as BKRPT for “bankruptcy report”, followed by a series of numbers and letters which represents the courthouse customer number. This is followed by the case number, also a series of numbers and letters, and the disposition date, preceded by DSP. The same applies for judgments and liens. Regarding bankruptcy, INDIVD stands for individual, DISMSD stands for dismissed, indicates the bankruptcy was not accepted and dismissed by the court. DSCHGD indicates the bankruptcy was granted. Regarding judgments, JD stands for judgment,


FIRM/ID code represents the reporting company and their credit reporting agency identification. RPTD stands for the date the item was reported, OPND represents the date the account was opened and H/C stands for high credit or credit limit. TRM represents the payment terms: monthly repayment amount, number of months or years. BAL stands for balance owed as of the reporting date and P/D stands for the past due amount as of the reporting date.

Trade Lines

DLA stands for date of last payment, for the last purchase, payment or first delinquency. ECOA represents the Equal Credit Opportunity Act. MR means months reporting, usually the number of months the company has been reporting the loan. CS stands for current status, denoted as a loan type, for example, R1 which stands for revolving loan, type 1 which equals current account. The types range from 1 to 6 with 6 representing account in collection.

There are hundreds of abbreviations which represent codes for the types of loan, account condition and kind of business code. This is also equal credit opportunity act descriptions and revolving and installment trade lines.

Key Concepts

  • credit report abbreviations
  • abbreviations on report


How to Minimize Your Personal Debt to Shore Up Your Business Finances 0

Posted on October 15, 2013 by Tiffany C. Wright

This is a guest post by Alanna Ritchie.

Reducing your personal debt will benefit you and your business in many ways, both now and in the future.

While you are still establishing a credit history for your business, lenders and suppliers will use your personal credit history. Minimizing your personal debt can also help you learn how to keep your credit ratio low when you handle business expenses.

At some point, you may want to take out a business loan that will be guaranteed by your personal assets. You will be better able to do this if your personal debts are taken care of and you have evidence that you can manage finances responsibly.

Here are five steps to reducing the personal debt that may seem impossible to erase:

  1. 1.       Gather Debt Information

The first step in tackling debt is acknowledging the magnitude of the problem and taking a look at where you stand. Sift through the stack of unpaid bills, and start recording the amount of your monthly expenses.

Make sure this data includes the minimum payments on recurring bills, the total balances on credit cards and loans, and the due dates for each payment.

  1. 2.       Compare What You Owe to What You Make

After you log your bills, including living expenses, estimate variable expenses, such as gas and groceries. As you compare what you spend to what you make, you will know whether you’re finishing the month in the red or the black.

Making a budget that accurately represents how much you spend on a monthly basis will enable you to better look at how you got where you are with your personal debt and how you can move on from there.

If you have money in a retirement account, you may be able to reallocate some of these funds to pay off debt. You could cash in your annuity payments or borrow from a 401(k).

  1. 3.       Make Sacrifices

To prevent you from overdrawing accounts or spending so much that you cannot afford monthly payments, you will need to reduce your expenses and make temporary sacrifices.

Get creative, and be intentional. You can save money by planning events with friends where you stay in as a group, rather than going out to a nice restaurant or movie. You can cut back on how much data you use on your phone. You can cancel DVD and gym memberships. Pack lunches for work instead of overspending on food.

Getting by without these luxuries for six months to a year is a sacrifice, but one that can enable you to get back in control of your debt.

  1. 4.       Talk to Creditors

If you find that you still cannot pay your bills after cutting back on spending, then it is time to get on the phone with your creditors. You can request a reduced interest rate or lower monthly payments. For student loans, you may be able to switch to a longer repayment period, which will mean lower monthly payments.

Negotiating a lower payment plan or changing the date you make payments can make it easier to get back on track and save you from late fees or increased interest rates.

  1. 5.       Think Long Term

Each of these steps will help you rebuild your credit score and get back in control. However, make sure to keep your commitments and stick to your budget each month. Taking a break from payments for a month here and there will make it difficult to make progress.

Keep your eye on the big picture of eliminating debt and meeting business goals.  Paying off debt will take time and patience. But, just as you would wait for a business investment to pay off, making sacrifices to regain control of your finances also has great rewards.


Alanna Ritchie has spent years studying, writing and learning to love the intricacies of the English language. Today, she works as a content writer for, where her primary focus is personal finance.

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