URL: http://www.entrepreneur.com/money/taxcenter/taxessentials/article61312.html

Business owners using the accrual method also have some specific tax-saving steps they can follow. Review your accounts receivable if you are an accrual taxpayer to see if anything is partially worthless. If it is, you can take a deduction for a portion of the amount of the uncollected debt. Check with your accountant to determine whether you meet IRS requirements to claim a bad-debt deduction. Also scrutinize your inventory for obsolete items. If you dispose of the inventory or sell it below cost by the end of this year, you can receive a deduction.

Another strategy for businesses using the accrual method is to delay shipping products or providing services until the beginning of your 2003 tax year.

Source: "Get Your Tax Straight"