Year-end paperwork checklist for contractors
A tidy year-end saves hours and avoids missed deductions.
- Reconcile your bank and card accounts. Match every statement to your books through the last day of the year.
- Review unpaid invoices. Decide what is collectible and follow up on the rest.
- Collect receipts and mileage records. Keep them organized by category.
- List equipment and vehicle purchases. Your accountant will need dates and amounts.
- Check contractor payments. Gather the information you need to report payments to subcontractors, per current IRS rules.
- Book time with your accountant. Ask what they need and by when.
Common questions
Is this tax advice?
No. It is a general checklist. Verify with your accountant or attorney.
When should I start?
In December, so there is time to fix gaps before year end.
See also the contractor guides and free tools.
General information, not legal or financial advice. Verify with your attorney or accountant.
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