Shareholders of S-Corporations, as We Move Into December, There Are Two Things You Need to Do Self-Employment Health Insurance Deduction Shareholders who own more than 2% of the shares in…..
Author: Shannon and Associates
The Inflation Challenge: How Washington State Investors Can Rise Above It
As an investor in Washington State, it’s crucial to understand the impact of inflation on your investments. Inflation is the gradual increase in prices of goods and services over time,…..
Employee Spotlight – Rachel Sheridan
Rachel has nine years of experience in public accounting, focusing on tax services and preparation for clients of many sizes and industries. Rachel works most often with closely held businesses…..
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…
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. More information can be found…..
Employee Spotlight – Eric Lee
Eric has worked in public accounting since 2017. He specializes in international taxation but his experience spans a wide range of industries, including construction, manufacturing, and distribution. learn more here……
Shareholders of S-Corporations: As we move into December, there are two things you need to do
Self-Employment Health Insurance Deduction Shareholders who own more than 2% of the shares in the S-corporation are required to report health insurance premiums paid on…
Law Firm Accounting: How to Find the Right CPA for Your Firm
Law firm accounting is important. While law firms require heavy client-focused work and require hours of your time dedicated to the needs of each individual case, the planning, structure, and…..
How a Dental Office Should Choose a CPA
As a dental professional, there should be one priority: the health and wellbeing of your patients. Every dental practice strives for their patients to leave in better condition than when…..
Employee Spotlight – Cris Mejia
Cris started working at Shannon & Associates in January 2021. He discovered the firm through an online job fair at Central Washington University and is now a vital team member……