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If you start collecting W-9s and tagging contractor payments now, January becomes a 10-minute task instead of a panic.

Here are the five most important things to clean up in your books before the end of the year:

Every day that you are working your tax bill is being created - not when your return gets filed in April! Your return is the history of your tax year.

I'll admit that I'm biased and will tell you to hire a bookkeeper when you start your business. But, having been involved in many startups and young businesses I know that when there is no product or service backlog then cash is tight. The normal path is to just turn over all income and expenses to an accountant at the end of the year, ask a family member or friend to do the books, or buy QuickBooks and do them yourself.