The majority of business’s year end’s fall on the 31st December
Therefore, I would advise for purpose of minimising your tax bill for 2014
1) Review any expenses that could be incurred now before year end that you have putting
off for example repair jobs etc.
2) Review stock to see if any of the stock could be written off
3) Review debtors for any possible bad debts
4) If you are a company, make pension contributions now as only allowable
when it is paid
5) Give your employees a tax free voucher for €250 subject to conditions
Pre- year end planning is important and will save you money