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…..
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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…..
Shannon Alert
Washington Capital Gains Tax ALERT – State Supreme Court Issues Stay on Lower Court Ruling
Over the past year and a half, the topic of whether a capital gains tax breaches state law has been quite contentious. There have…
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Employee Spotlight – Eric Lee
Eric has worked in public accounting since 2017. He specializes in international taxation but his His experience spans a wide range of industries, including construction, manufacturing, and distribution. learn more…..
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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…
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How to Find the Right Accountant for Your Law Firm
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 financial management of your practice…..
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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…..
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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……
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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…..
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Impact Event Brings Businesses and Clients Together for a Weekend Retreat
For the past seven years, Shannon & Associates, along with several other great business partners, has had the opportunity to sponsor an event called Impact. Learn all about this year’s event…