Questions that may arise include: what should clients do or not do with assets before year end? What are some important facts individuals should consider when it comes to withholding state income taxes? And what deductions can businesses plan for now? Smart tax planning happens all year round, not just the day before the tax deadline. Here are 4 things you can do this summer to put you in a much better position when tax time comes around again. Settling your account with the Internal Revenue Service each year doesnt need to be a frantic search for the information you need to file your tax return. Knowing what documents to have at your fingertips can help to reduce filing difficulties and possibly your tax bill.