So, I will make it brief,...
most people like to budget, know when their $ is going to be needed.
Wouldn't you also want to do that with your taxes? Be prepared - be ready to pay the amount owed on April 15th rather than wait until April 15th to know?
So - the idea is to "plan" for your taxes, thus the year end taxes planning meeting. You figure out what you want to owe by figuring out what you would hypothetically owe and then make decisions to alter your final tax outcome (like contributing to a retirement plan, etc.)
Point is - if you haven't done your planning, you are playing into the government's taxing hands. Do you want that?
No? Then Setup a planning meeting with your CPA (or with me! I can always help you in this area!) by sending them an email asking for some planning.
Always yours,
Your Tax Goddess.
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