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…..
Author: Shannon and Associates
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……
Ronee Jones Finds Fulfillment in Her Second Act at Shannon & Associates
Whoever said there are no second acts in life obviously never met Ronee Jones. The 51-year-old grandmother of five didn’t always see herself on the path where she currently stands, but she was always looking for that career that would fulfill her. Read her story…
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…