Our business? Helping companies excel by allowing them to focus on their business: growth, innovation and new horizons.
Trust, honesty and a highly personalized approach to financial management. It’s an investment we make for our clients’ success.
Our team is committed to creating profitable partnerships with our clients, giving them the chance to take their businesses to new heights.
Financial solutions for a
We know it takes commitment to help our clients reach their business and financial goals. Our forward-thinking experts are committed to helping you get there. That drives us. And when you partner with Shannon & Associates, the results can be extremely profitable.
A CPA firm that will help your business grow
Shannon & Associates offers comprehensive CPA services that go deeper than tracking expenses and preparing taxes. We’ve branched out from our accounting roots to offer you effective business strategies and consulting services encompassing everything from financial planning, employee benefits, fraud prevention and industry-specific advice.
Accounting & Bookkeeping
Shannon & Associates helps keep your finances organized and accurate. From financial statements to cash management to inventory procedures and more, we have efficient solutions for you.
Auditing & Assurance
We make audits easier and more accurate, keeping you compliant with regulations. We can audit or review historical financial statements and help you prove compliance.
Tax Services & Consulting
Recognizing that every business is unique, we offer a tailored approach to tax planning and services to supplement our accounting and advisory services.
As accountants and management consultants we offer a broad range of advisory services to complement your business’s financial and business needs.
Benefit Plans & Administration
Shannon & Associates will help you plan and administer your employee benefits plan and make sure it fits your long-term strategic business goals.
We offer financial planning and investment advisory services via a partnership between our affiliate SWA Wealth Management, LLC, and Long Term Capital Management.
What people are saying about us
From a financial reporting standpoint, Shannon & Associates has been the constant during all of our ownership and staff changes. They are up to speed on all accounting rules and changes and have helped us streamline our procedures through a period of rapid growth. In addition to being very accessible, they provide a level of expertise that we would be unable to afford in-house.
Read Our Blog…
Find details and how-tos about tax planning, employee benefits, the latest industry buzz and more.
Employee Benefit Advisor – Winter 2023
On April 14, 2021, the Department of Labor (“DOL”) announced first-ever guidance for plan sponsors, plan fiduciaries, record keepers, and plan participants on best practices for maintaining cybersecurity. In this day and age of electronic storage, internet and cloud use, and…
Hot Topic: Leases ASC 842 – Technical Summary and Key Decision Points
As you may know, as the result of a joint project with the International Accounting Standards Board (IASB), the Financial Accounting Standard Board (FASB) issued Accounting Standards Updates (“ASU” or “Update”) 2016-02, Topic 842, Leases. This is one of the most significant GAAP changes in many years, potentially more impactful than Revenue Recognition. For non-public...
Important Payroll Tax Changes for Employers
January 1 brings some important payroll tax changes for employers: PFMFL tax rates: Total premiums are now 0.8% of total gross wages up to the social security cap. Employers are required to pay 27.24% of the premium and employees pay 72.76%. Employers should continue to report all employees’ total gross wages (excluding tips) Employers with fewer than 50 employees are not...
We are located in Kent, WA but offer accounting services to clients in the greater Seattle metro area including...
Federal Way, WA