Why it’s key to hire a CPA for mergers and acquisitions. In mergers and acquisitions (M&A), you know it’s not just about signing on the dotted line—it’s about building the…..
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Employee Spotlight – Tyler Fletcher
Tyler Fletcher, a Senior Associate at Shannon & Associates, has been an integral part of the audit team since September 2023. With a strong background in public accounting and a…..
Choosing the Right CPA for Your Commercial Construction Business
Are you a commercial construction business owner or supplier striving to optimize financial performance? If you’re struggling to manage project costs, maintain cash flow, and stay on top of complex…..
Navigating Financial Success: Choosing Your Manufacturing CPA
As a manufacturing business owner, you know the intricate financial landscape you navigate daily. From inventory management to pricing strategies and taxes, every decision impacts your bottom line. Running a…..
Accounting for Wholesale Distribution: How to Choose a CPA
Are you running a wholesale/distribution business and struggling to manage your finances effectively? Do you find it challenging to keep track of your cash flow, inventory, and transportation costs? The…..
SECURE 2.0 Enhanced Retirement Plan Tax Credits
Secure 2.0 included several tax credits related to retirement plans. We wanted to let you know about two of those credits. Small Plan Startup Credit This credit has been around,…..
Navigating the Changes: Federal Estate and Gift Tax Exclusion for 2024-2025
In the realm of estate planning, we want to bring to your attention an important change that is coming, one that demands attention and strategic action. The Federal estate and…..
Navigating M&A: A CPA’s Guide to Financial Preparedness and Success
Jeanette Roatch, Partner and Director, Accounting and Auditing at Shannon & Associates LLP speaks with Craig Dickens, CEO of Merit Investment Bank. In the complex landscape of Mergers and Acquisitions…..
Hot Topic: ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Current Expected Credit Losses (CECL) on Financial Instruments
The ASU 2016-13 CECL Standard (ASC 326), also known as Accounting Standard Update 2016-13, has emerged as a significant accounting change amidst the recent importance of standards like ASC 606…..
Generational Wealth Planning in Washington State: Securing Your Family’s Financial Future
As a resident of Washington State, you can create a lasting legacy for your family through generational wealth planning. And by taking proactive steps to grow and protect your wealth,…..