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 …
Utah Accountant Liability: Is Your Accountant Working for You or Not? Read More »
The Utah Supreme Court ruled against a debtor who asserted a novel defense to repayment of a $250,000 loan in default. The case is Crapo v. Zions Bank. The debtor claimed that once the bank sent him a Form 1099-C discharging his debt, the bank could no longer attempt to collect the bad debt from …
The Utah Supreme Court Again Requires Reasonable Conduct Under the Circumstances Read More »
When you start a business in Utah, you are going to make money. When you make money, you will have to pay taxes. The type of business you create will determine how you account to the IRS for the money you make. The four business entities that an entrepreneur will typically encounter are partnerships (including …
Important Tax Considerations in Starting a Business in Utah Read More »