When Your CPA Gets It Wrong: Suing Preparers, Big Law Lessons & Business Litigation | With Shanda Beach copertina

When Your CPA Gets It Wrong: Suing Preparers, Big Law Lessons & Business Litigation | With Shanda Beach

When Your CPA Gets It Wrong: Suing Preparers, Big Law Lessons & Business Litigation | With Shanda Beach

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In this episode of The Price of Civilization, we dive into a topic that trips up even savvy business owners: what happens when a vendor breaches a contract, or worse, when a tax preparer makes a costly mistake. The conversation breaks down why business owners need an entire team of professionals, not just one attorney who "does it all," and clarifies the real, and often limited, legal remedies available when a CPA or preparer gets something wrong.Joining the show is Attorney Shanda Beach owner & founder of the Beach Law Group, a civil litigation attorney based in Newport Beach, California, who focuses on representing small and mid-sized business owners. Before starting her own firm, Shanda built her career at a large law firm, gaining experience on complex, high-stakes cases that few attorneys ever get exposed to. That big-firm background, including learning to operate at a demanding pace and work alongside highly skilled colleagues, now informs how she represents entrepreneurs who need sophisticated legal help but haven't historically had access to attorneys with that level of experience.The discussion covers why business litigation is fundamentally different from personal injury or family law, particularly when it comes to managing client expectations around settlement versus trial. Unlike emotionally charged disputes such as divorce, business litigation tends to come down to a clear-eyed cost-benefit analysis, and Shanda explains how she guides clients through that decision-making process. The conversation also gets into the weeds on tax preparer liability: what damages a client can actually recover if a CPA's error leads to an IRS audit, why the underlying tax owed typically isn't recoverable even in cases of negligence, and how the standard for "gross negligence" applies to preparers who miss red flags like foreign income, foreign accounts, or cryptocurrency transactions.Throughout, the episode makes clear that fighting an IRS audit and pursuing a preparer for malpractice are two separate battles requiring two different specialists and why business owners benefit from having both a tax attorney and an experienced civil litigator in their corner from the start.In this episode, you'll learn:● Why business owners need a full team of professionals rather than one attorney for everything● The difference between a general civil litigator and one who specializes in business contract disputes● How big law firm experience shapes an attorney's ability to handle complex, high-stakes cases● Why billable hour requirements at large firms are often higher in practice than officially stated● What motivates attorneys to leave big law and start their own practice serving small and mid-sized businesses● How business litigation differs from family law or personal injury when it comes to emotional stakes and strategy● The importance of a clear cost-benefit analysis when deciding between settlement and trial● What damages you can actually recover if your tax preparer makes an error that leads to an audit● Why the underlying tax owed usually isn't recoverable, even when a preparer was negligent● Common mistakes preparers make with foreign income, foreign accounts, and cryptocurrency reporting● The distinction between fighting an IRS audit and pursuing a malpractice claim against a preparer● Why gifts are typically nontaxable, and how misclassifying income can signal preparer negligenceIf you found this conversation valuable, be sure to subscribe, leave a review, and share it with a business owner who could use guidance navigating vendor disputes, tax preparer errors, or building the right professional team around their company.Connect with Attorney Shanda Beach:LinkedIn: https://www.linkedin.com/in/shanda-beach-020724190/Email: shandabeach@msn.comConnect with Pietro CanestrelliInstagram: https://www.instagram.com/ietaxlaw/ Facebook: https://www.facebook.com/ietaxattorney/ LinkedIn:Law Office of Pietro Canestrelli, a Tax Controversy Boutique, APC | LinkedIn Pietro’s Personal LinkedIn: www.linkedin.com/in/pietro-canestrelli-18032a21 Youtube: https://www.youtube.com/@ietaxattorney TikTok: https://www.tiktok.com/@ietaxattorney?_r=1&_t=ZT-976CgcsahYc
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