Stop buying your clients lunch

When you want to thank a client, it’s tempting to treat them to lunch. Good food, good wine, good conversation — they all go a long way toward making a client feel great. But, if you can avoid it, don’t do it.

At least, don’t do it if you want to improve your tax situation. Meals & entertainment only result in a 50% tax write off. You can write off gifts worth up to $25.