Employee Spotlight – Ronee Jones

Ronee is a 51-year-old grandmother of five who did not always see herself on her current accounting path. Facing a sudden career change, she began attending college taking advantage of…..

Employee Spotlight – Bailey Thomason

Starting as an intern and transitioning to a permanent part-time position while studying for CPA exams can be challenging, but it’s not impossible, especially in the right environment. Read about Bailey’s experience and how Shannon & Associates help Bailey in her career journey…

Employee Benefit Advisor – Spring 2022

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…

Delay Announced for Long-Term Care Tax

Back in July, we told you about a new Long-Term Care Tax that was passed by the state legislature and slated to begin in January of 2022. The mandatory payroll tax has hit a lot of opposition along the way, but was officially put on ice on Friday with Governor Inslee’s announcement that the January 2022…

Client Advisor – Winter 2021

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 and must be reported correctly to take…

Client Advisor – Summer 2021

The past year has been challenging to say the least. Hopefully the COVID-19 crisis, which affected all of us in some ways, is nearing the end. While it has been difficult to focus attention on much other than the health and safety of our loved ones, tax planning can’t take a back seat forever. In addition to normal midyear planning ideas, legislation enacted by…

Biden Tax Plan – What You Need to Know

Now that the 2020 general election is over, it is time to consider what federal tax changes President-elect Biden would like to see for 2021 and beyond. Even with the Democrats in control of the Senate, the odds of dramatic tax reform may still be low. Some Democratic Senators, who will be up for re-election in 2022, may be reluctant to support a…

Wishing our clients and friends a Happy New Year!

This year more than ever, we’re incredibly thankful for our clients and friends. From our entire team, we wish you a healthy and prosperous new year! In Honor of our friends and clients during this season of giving, Shannon & Associates has made a donation to Shannon & Friends Foundation.

Client Advisor – Winter 2020

We hope that you and your loved ones are safe as you deal with the current COVID-19 crisis. It’s possible that additional COVID-19 related tax changes could continue to be implemented as the year wraps up and into January 2021. As always, we’re paying close attention to the everchanging tax environment to discover tax planning opportunities that could put more…

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