Tax and Accounting Management: How to Close the Year with Confidence and Strategic Vision

Year-end closing is one of the most critical periods for any business or independent professional. It’s far more than filing returns—it’s a strategic checkpoint that allows companies to review performance, adjust financial structures, and prepare the upcoming year with clarity.

When executed properly, year-end closing reduces risk, improves operations, and reveals opportunities for tax optimization.

1. Accounting Review: The Foundation of a Solid Close

Accurate, up-to-date accounting is essential. This includes:

• Bank reconciliations

• Review of payables and receivables

• Proper provisioning

• Correct application of depreciation

Clean financial records lead to a smooth and compliant year-end process.

2. Key Tax Obligations

In Andorra, year-end preparation involves reviewing:

• Corporate income tax

• Indirect tax (IGI)

• Informative filings

• Fiscal adjustments

• Dividend distribution planning

Proactive planning prevents unexpected tax burdens and enhances efficiency.

3. Looking Ahead: Preparing for the Next Fiscal Year

A strong year-end close becomes the foundation for the following year.
Strategic review should include:

• Business structure analysis

• Domestic or international expansion plans

• Cash-flow planning

• Operational and fiscal risk assessment

This forward-thinking approach strengthens decision-making and long-term stability.

4. The Value of Professional Advisory

The right support allows you to detect opportunities, reduce risks and ensure that the company meets all its obligations with peace of mind.

At PSF we work with companies, professionals and investors to close the year with rigor and prepare for the following year with a clear, solid strategy adapted to each project.

For more information, contact us through the form or write to us at info@psf.ad