(607NewsNow) — When it comes to taxes, one of the biggest mistakes people make is waiting too long to get started. Every year, individuals feel the pressure build as deadlines approach, but it doesn’t have to be that way. Getting an early start with a trusted tax professional can significantly reduce stress, prevent last-minute surprises, and even help uncover savings you might otherwise miss.

At Sprague & Jackson, we encourage clients to begin the tax process as early as possible, even if you don’t have every document in hand just yet. Submitting what you have allows your tax professional to begin reviewing your situation, identifying potential issues, and creating a clear plan for what’s still needed. As additional documents arrive, they can simply be added to the process. The result? A smoother, more organized experience, and far fewer headaches as deadlines get closer.

Important Deadlines for Partnerships and S Corporation Owners

If you’re a partnership or an S Corporation owner, February is a critical time to get organized. The March 16 filing deadline will be here before you know it, and preparation now can make all the difference. From gathering income and expense records to preparing required filings like 1099s, staying ahead of these obligations helps ensure accuracy and compliance.

Sprague & Jackson works closely with partnerships and S Corporation owners to navigate current tax rules and ensure everything stays on track. Whether you’re managing multiple partners, shareholder distributions, or complex reporting requirements, having professional guidance early in the process helps reduce errors and avoid costly delays.

If you’re new to Sprague & Jackson, getting started is simple. Completing the new client form on our website allows the team to quickly understand your needs and begin supporting you right away—no guesswork required.

New Opportunities for Individuals Age 65 and Older

Tax planning isn’t just for partnerships and S Corporations. Recent tax law changes may offer new opportunities for individuals age 65 and older to reduce their taxable income in 2025 and beyond. These opportunities can be easy to overlook if you’re rushing through your return or waiting until the last minute.

Starting the conversation early allows time to explore available deductions, credits, and planning strategies that could make a meaningful difference. With proper guidance, small adjustments today can lead to long-term financial benefits.

The Bottom Line

Whether you’re filing as an individual or managing a partnership or S Corporation, early tax planning puts you in control. It provides clarity, minimizes stress, and opens the door to smarter financial decisions.

For a more personalized tax consultation reach out today to Sprague & Jackson. You can give us a call or visit www.sprjac.com to get started!