Tax Preparation & Planning for Flow-through Entities
Neikirk, Mahoney & Smith provides services in accounting and tax return preparation to numerous partnerships involved in a variety of business endeavors, many of them family-owned. We would be happy use our extensive experience to assist your partnership and its partners in providing tax preparation and goal-oriented planning.
The Subchapter S Corporation (a/k/a, the S-Corp), is another flow-through business entity with which Neikirk, Mahoney & Smith has extensive experience. This unique hybrid of traditional corporate structure and partnership-like tax treatment can be an incredibly beneficial vehicle for certain businesses and their owners.
Limited Liability Companies (LLC's)
Many business owners and entrepreneurs are unaware that the LLC is generally not recognized as an independent business entity structure for income tax purposes. In fact, businesses choosing to operate as an LLC will often need to select an appropriate tax structure (i.e. partnership, S-Corp, disregarded entity, etc.), and Neikirk, Mahoney & Smith is equipped to guide them in making this incredibly important decision.