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Accountant Liability

Utah Accountant Liability: Is Your Accountant Working for You or Not?

Accountant Liability, business entity, Contract, LLC, tax /

Million-dollar view from one of my favorite rocks in Farmington, Utah Did you engage your accountant to work for your company (LLC or S Corp) or did you engage him or her to work for you personally? The reason that I ask this has to do with whether you can personally rely on your accountant’s […]

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Utah Accountants Remain Well-Protected After Recent Utah Court of Appeals Ruling

Accountant Liability, Appraisal, Due Diligence /

If you are an accountant in Utah, you know that you have a friend in the Utah statutes, specifically Utah Code section 58-26a-602 (the Accountant Liability Statute). Your protection is that you only owe fiduciary duties to your client and not to others. The Utah Court of Appeals recently reiterated the strength of this protection

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