“Shannon & Associates makes the audit process less painful – they are helpful, non-intrusive and work around our schedule.”
- Chris McKillop, VP
Rogers Machinery Company

News & Events

January, 2018
Kent School District Shoe Drive | Please Help Us Walk into a Great New Year!
The months after the holidays are typically periods of financial concern for our community with the greatest needs. We invite you to consider supporting our community this year by donating shoes for children…

January, 2018
Shannon Alert |  | Tax Reform – 2018 Changes
The Tax Cuts and Jobs Act, H.R. 1, was signed into law by President Trump on December 22nd. It contains a large number of provisions that will affect both businesses and individual taxpayers…

December, 2017
Understanding Initiative 1433 – Paid Sick Leave Law
Initiative 1433 is the first legislation in WA State to mandate benefits…

December, 2017
Year-end Tax Planning for S-Corporation Owners
Don’t lose valuable deductions or incur additional costs…

January, 2017
Shannon Alert | Important Filing Due Date Changes Now in Effect
For tax years beginning in 2016, the IRS has changed several filing deadlines of which all businesses should be aware…

December, 2016
Year-end Tax Planning Tips
As we get closer to the end of yet another year, it’s time to tie up the loose ends and implement tax saving strategies. With the fate of many of the long-favored tax breaks (so-called extenders) having been settled late last year, this year’s planning should be…

December, 2016
Shannon Alert | Shareholders of S-Corporations, as we move into December, there are two things you need to do
Shareholders who own more than 2% of the shares in the S-corporation are required to report health insurance premiums paid on their behalf by the business on their W-2. This is a valuable deduction…

November, 2016
Shannon Alert | Taxes Under Trump – What May Change in 2017
As of January 20, 2017, the Republican Party will be in control of both houses of the U.S. Congress as well as the Presidency. There is a strong indication that tax reform is on the horizon in 2017. Here we present some of the key tax proposals of President-elect Trump and working groups in Congress…

June, 2016
Shannon Alert | Art you prepared for the new overtime rule?
The U.S. Department of Labor (DOL) has announced the release of its final overtime rule. This will expand overtime protections to millions of workers across the U.S…

December 23, 2015
Shannon Alert! | New Tax Legislation—the PATH Act
Congress passed and President Obama signed legislation on December 18, 2015 extending a number of expired tax provisions. The legislation benefits businesses as well as individuals…

December 21, 2015
Shannon Alert! | Affordable Care Act Health Insurance Rules for 2015
Employers must offer health insurance that is affordable and provides minimum value to their full-time employees and their children up to age 26 or be subject to penalties…

December 10, 2015
3 Things Shareholders of S-Corporations Need to Know
Shareholders of S-Corporations, as we move into December, there are two things you need to know…

December 1, 2015
Shannon Alert! | IRS Revises Safe Harbor Capitalization
In late 2014, the IRS finalized a long term project to rewrite regulations as they relate to the capitalization of units of property. The new regulations provided a standard, albeit detailed, process for taxpayers to follow…

Shannon & Associates is honored to be named 2015 Associate Member of the Year for CAMPS

2015 Associate Members of the Year–CAMPS

2015 Associate Members of the Year—Center for Advanced Manufacturing Puget Sound (CAMPS). Pictured from left to right: Tom McLaughlin, Lois Vankat, Julie Courtney and Laura Koenig

June, 2015
Click here to get your Guide for Vehicles

March, 2015
Click here to get your 2015 Tax Pocket Guide

March, 2015
Shannon & Associates Winter 2015 Red Flag Report
Through this publication, our hope is to bring your management team brief, meaningful perspectives on ethics in the workplace. We also point you to recent, relevant news…

February 13, 2015
2015 Corporate Fraud Trends and Prevention Best Practices
You are cordially invited to a breakfast seminar on corporate fraud protection co-hosted by Wells Fargo and Shannon & Associates….

January 10, 2015
Health Insurance Coverage Rules for 2014 – The Individual Mandate
Beginning in 2014 under the Affordable Care Act, unless exempt, you are required to maintain basic health insurance coverage…

January 10, 2015
Repairs & Maintenance and Fixed Asset Regulations – New Rules for 2014
The IRS has revised a number of its regulations regarding fixed assets. These rules were issued in 2014 and are over 400 pages long. They affect the following areas…

January 5, 2015
Affordable Care Act – What is the Impact on my Business?
After delays and revisions, the Affordable Care Act provisions are in effect as of January 1, 2015. It is important that businesses understand…

December 17, 2014
Senate Passes Tax Extenders Bill
The U.S. Senate has passed a bill that extends several tax breaks for businesses and individual taxpayers. The “tax extenders” bill changes the effective dates of related provisions…

December 17, 2014
Affordable Care Act Penalty Flow Chart
Will I owe a penalty under the Affordable Care Act?

December 1, 2014
Shareholder Alert
Shareholders of S-corporations, as we move into December, there are two things that you need to do…

September 18, 2014
Free Red Flag Summer Series Webinars
Please join us for complimentary webinars presented by Raymond Dunkle, CPA, CFF, CFE President of Red Flag Reporting. Each introductory course has no prerequisites, requires no advance preparation and is recommended for managers or owners of your organization. Each course is considered a basic level offering.

July, 2014
Fill the Bus 2014
To Our Clients and Friends: Please participate with us  … We are partnering with Community in Schools of Kent to benefit low‐income students in the Kent School District! Please join us in donating school supplies. In order for your donation to reach twice as many children, simply drop off the items at our office and Shannon & Associates will match your donation!.

July, 2014
Free Red Flag Summer Series Webinars
Please join us for complimentary webinars presented by Raymond Dunkle, CPA, CFF, CFE President of Red Flag Reporting. Each introductory course has no prerequisites, requires no advance preparation and is recommended for managers or owners of your organization. Each course is considered a basic level offering.

July, 2014
Following the retirement of Andy Raymond, Roger Jones, CPA has recruited a new FI niche partner and has chosen to leave Shannon & Associates, to further expand on his services to credit unions and community banks. Roger’s new firm, Jones & Sas, LLC, will specialize in providing audit, tax, regulatory compliance and consulting services to credit unions and community banks.  Roger can be reached by e-mail at roger@jonesandsas.com or by phone at 425-890-4932.  You can also find information about Jones & Sas at www.jonesandsas.com.

June, 2014
CAMPS Manufacturing Conference: Advanced Manufacturing in Washington State. June 18th, 2014 at the Meydenbauer Center, Bellevue, WA

May, 2014
Robert Shannon, Founder of Shannon & Associates, Passes Away at the Age of 94

February, 2014
Click here to get your 2014 Tax Pocket Guide

January, 2014
Join us for coffee and breakfast: Changing Trends in Internal & External Corporate Fraud – Best Practices, Prevention & Insurance Options. Friday, January 31st at the Best Western Conference Center.

December, 2013
Written Capitalization Policies Now Required

December, 2013
Tax Facts – Affordable Care Act

December, 2013
Determining The Marginal Tax Rate for Various Types of Income in 2013

December, 2013
Shannon Alert to Shareholders of S-Corporations

November, 2013
Year-End Individual Tax Planning Tips

September, 2013
Join us for coffee and breakfast: Healthcare Reform – Still in Effect? What you need to know. Thursday, September 25th at the South King County Chamber

May, 2013
Join us over coffee and pastries to learn more about what drives the value of your business and more…
Register for this event here

April, 2013
Kent Business and Occupation on Tax

February, 2013
Changes Taking Effect in 2013

January, 2013
Please Help Can Hunger in Our Community

January, 2013
Join us over coffee and pastries: Most Effective Fraud Fighting Techniques. Friday, January 25th at the Best Western Inn Federal Way

January, 2013
Free seminar: How to Protect Your Business Against Fraud. January 17 at Burien City Hall

January, 2013
Fiscal Cliff Legislation – What does it mean for you?

December, 2012
Two items that shareholders of S-corporations need to do

November, 2012
Fraud Awareness Week Casts Spotlight on White Collar Crime

October, 2012
Kent City Council Approves B&O Tax

October, 2012
Internal Control & Process Efficiency Services

October, 2012
Shannon & Associates affiliates with Red Flag Reporting services

October, 2012
Health Care Reform – What it Means For YOUR Business

August, 2012
Healthcare Act Tax Changes Affecting Individuals in 2013

August, 2012
See us at the NWCUA 2012 Convention and Annual Business Meeting for a chance to win our new Red Flag Reporting service

August, 2012
Are you systems and procedures protecting you from fraud? by Certified Fraud Examiner, Jessica Kinney, CPA, CFE

August, 2012
2012 Global Fraud Study: ACFE Report to the Nations on Occupational Fraud and Abuse

July, 2012
Start planning now: 2012 Midyear Tax Planning

July, 2012
Will you benefit from making dividend distributions?

July, 2012
Supreme Court Upholds Health Care Reform Law

December, 2011
Open House and Client Appreciation Day

November, 2011
Don’t miss out on the 2010 Tax Relief Act

October, 2011
Financial Institutions Volunteers Conference

August, 2010
Winner of the 2010 Credit Union Vendor of the Year

August 28, 2009
Enhanced Supervisory Procedures for Financial Institutions

June 1, 2009
Shannon & Associates forms Banking Services Group

June 1, 2009
Shannon & Associates forms Credit Union Services Group