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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…..

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…..

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……

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…..

Details on The Inflation Reduction Act of 2022

On Tuesday, August 16, 2022, President Biden signed the ‘landmark’ Inflation Reduction Act (IRA) into law. The Act includes $437 billion of appropriated funds and is expected to generate $737 billion in revenues over the next decade, resulting in a deficit reduction of $300 billion plus. A breakdown of…

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