• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
Big Ideas for Small Business logo

Barbara Weltman

Big Ideas for Small Business

Subscribe and download our eBook, "Innovative Ideas for Surviving a Recession and Avoiding Problems in Your Small Business."

Hidden
Get the:

  • Home
  • About Us
  • Big Ideas For Your Business
    • Idea Of The Day ®
    • SMB Legal
    • SMB Taxes
    • SMB Financial
    • Small Business
    • Newsletter Archive
  • Services
  • Books
  • Blog
  • Multimedia
    • Videos
    • Radio Shows/Podcasts
  • Contact Us
    • Be a Guest Blogger

Schedule a Coffee, Lunch, or other Meeting with…

December 19, 2017 / By Barbara Weltman

Schedule a Coffee, Lunch, or other Meeting withAs the year winds down, you may want to connect with certain people vital to your business.

You can do this in person — have coffee, a lunch, or a meeting — by telephone, or in some other way (e.g., Skype, GotoMeeting).

Here are some people you may want to talk to now . . . and why.

Customers and clients

There are many reasons why you may want or need to talk to customers and clients now:

  • Thanking them for their business this year.
  • Offering year-end advice.
  • Informing them about raising prices in the coming year.

The personal touch can mean a lot.

Suppliers and vendors

Are you happy with your current suppliers and vendors? Maybe you want to renegotiate terms or discuss some problems you have had this year and what can be done to avoid them for next year.

Your CPA

It’s not too late to take actions that can favorably impact your tax bill for 2017. If you own a pass-through entity, assess your final estimated tax payment for 2017 due on January 16, 2018. And you should learn how the Tax Cuts and Jobs Act will affect you in the coming years.

Your attorney

Find out from your legal advisor whether there are any new state or local laws you should know about for 2018. You may, for example, be required to offer certain benefits, refrain from certain questions for job applicants, or pay higher minimum wage rates (see my blog on this).

Your insurance broker

Usually, you review your coverage when your existing policy is about to expire, which may not be until some time next year. But are you sure you have all the types of coverage you need? You may want to expand the scope of coverage (e.g., to include cyber liability, errors and omissions, flood insurance). Meet with your insurance broker to review what you have, what you need, and what you can afford.

Your other advisors

You may have other advisors who are helping you in business, such as:

  • Business coaches
  • Mentors
  • Marketing people
  • IT experts

Now is a great time to assess how this year has been and what you can/should do for the coming year.

Final thought

Remember, if you’re meeting with someone for business and you pick up the check, you can deduct 50% of the cost. But you need to keep good records. Make a note of the reason for the meeting and retain a receipt for the expense.

Tags business meeting people vital to your business schedule a meeting

Primary Sidebar

Categories

  • General Business (363)
  • Guest Blog (37)
  • Homepage (12)
  • Small Business (741)
  • SMB Financial (280)
  • SMB Legal (36)
  • SMB Taxes (279)

Barbara’s Recent Posts

  • The Good and the Bad of Using AI to Create Content September 12, 2023
  • 25 Years Since the IRS Restructuring and Reform Act of 1998 September 7, 2023
  • Helping Employees with their Student Loans September 5, 2023
  • Added Tax Costs for Successful Business Owners August 31, 2023
  • Considering Retirement? Don’t Just Shut Down Your Business, Sell It! August 30, 2023
  • Recession Proof Your Business Using AI August 29, 2023
  • 10 Ways to Borrow Money for Your Business Now August 24, 2023
  • Using Statistics and Where to Find Them August 22, 2023
  • AI Ethics for Your Business August 17, 2023
  • 3 Sales Tax Traps to Avoid August 15, 2023
  • What to Buy Now: An EV or Fossil Fuel Vehicle August 10, 2023
  • Pay Transparency Laws: What You Need to Know August 8, 2023
Awarded Top 100 Small Business Blog medal (link will open in a new window or tab)
Top Small Business Blogs (Link will open in a new window or tab.)
8 Financial blogs small business Owners Need to Read. Invoice home.  (link will open in a new window or tab)
Best Small Business Blog, Expertido.org
Top 50 Small Business Blogs 2018
Best Small Business Blogs
BizHumm Top 100 Business Blog Award to Barbara Weltman
FitsSmallBusiness.com: Award for Best Small Business Blog 2017 (link will open in a new window or tab)
FitsSmallBusiness.com: Award for Best Small Business Blog 2016 (link will open in a new window or tab)

Footer

Big Ideas for Small Business logo

Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

Contact Us

[email protected]

(772) 492-9594

Latest Tweets

bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
11 Sep

Do Small Businesses Require Business Licenses? https://bit.ly/44HODkN #smallbusiness #license #business

Reply on Twitter 1701340653030924497 Retweet on Twitter 1701340653030924497 1 Like on Twitter 1701340653030924497 1 Twitter 1701340653030924497
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
11 Sep

IRS Postpones Catchup Limit for Roths - what you need to know in #IdeaoftheDay https://bit.ly/3sUk3XE #smallbusiness #investments #IRS

Reply on Twitter 1701330057262682113 Retweet on Twitter 1701330057262682113 Like on Twitter 1701330057262682113 Twitter 1701330057262682113
Load More

Copyright © 2008–2023 Big Ideas for Small Business, Inc  |  Designed by Hudson Fusion

  • Privacy Policy
  • Sitemap