Shannon & Associates

Business Details

Your Trusted CPA Partner in Kent, WA

Shannon & Associates is a locally owned Seattle-area CPA firm that combines personalized service with comprehensive financial expertise. With over six decades of experience, we specialize in accounting, auditing, tax planning, and advisory services tailored to diverse industries including manufacturing, construction, and nonprofits. Our team prioritizes long-term client relationships, offering strategic solutions that align with individual business goals. As a member of HLB International, we provide global insights while maintaining a local focus. Our commitment to accuracy, compliance, and proactive financial guidance positions clients for sustainable growth. We excel in streamlining complex financial processes, ensuring regulatory adherence, and delivering actionable insights that drive profitability.

Our approach integrates cutting-edge technology with traditional accounting excellence, making audits and financial reporting more efficient. We serve clients across the Puget Sound region, emphasizing accessibility and responsiveness in every engagement. Our expertise extends to employee benefit plans, international tax compliance, and forensic accounting, addressing niche client needs. By fostering trust through transparency and consistent communication, we aim to be a trusted partner in our clients' long-term success.

Services

Financial Planning Advisory Services Forensic Services Business Valuations Cost Segregation Tax Services Auditing & Assurance Accounting & Bookkeeping Benefit Plans International Tax

Highlights and features

We offer 60+ years of combined experience in accounting and advisory services.
Our team provides industry-specific expertise for manufacturing, construction, and nonprofit sectors.
We implement a personalized approach to financial management and strategic planning.
Our HLB International membership offers global resources with local execution.
We guarantee responsive service with consistent team continuity for audits and reviews.

What people say

Responsive and accessible Streamline procedures through growth Highly personalized approach Expertise we couldn't afford in-house Compassionate support during estate planning

Website

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Services

Auditing & Assurance

Our auditing services provide accurate financial reviews to ensure regulatory compliance and strategic decision-making. We specialize in for-profit audits, nonprofit reviews, and employee benefit plan audits. Our team delivers efficient processes that minimize business disruption while maintaining rigorous standards.

Tax Services

We offer customized tax strategies to minimize liabilities across corporations, estates, and international operations. Our experts stay current with tax law changes to ensure compliance while maximizing savings. Services include federal/state filings, succession planning, and IRS audit support.

Accounting & Bookkeeping

Our comprehensive accounting solutions include financial statements, cash management, and outsourced bookkeeping services. We implement systems that improve accuracy in inventory costing and internal reporting while adapting to evolving tax regulations.

Benefit Plans & Administration

We design and administer employee benefit plans aligned with long-term business goals. Services cover 401(k) plans, compliance testing, and fiduciary support. Our independent approach ensures objective guidance without ties to investment providers.

Financial Planning

Through partnerships with SWA Wealth Management and Long Term Capital Management, we provide investment advisory services tailored to individual financial goals. Our approach combines tax expertise with strategic asset allocation for long-term growth.

Questions

What industries do you specialize in?

We serve manufacturing, construction, wholesale distribution, employee benefit plans, professional services, and nonprofits with industry-specific expertise.

Do you offer international tax services?

Yes, our location near the Pacific Rim and HLB International network enables cross-border tax planning and compliance for global businesses.

How do you handle audit processes?

We minimize disruption through consistent team continuity and efficient processes, maintaining the same lead auditors year-over-year for improved efficiency.

What sets you apart from other CPA firms?

We combine personalized service with global resources, offering big-firm capabilities while maintaining local accessibility and responsiveness.

Can you assist with employee benefit plans?

Yes, we provide comprehensive design, implementation, and compliance services for retirement and health benefit plans tailored to business objectives.

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Reviews (5)

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Larry Jacobs

Apr 11, 2022 Report

We had used Shannon and Associates for our tax returns for many years. This year I had left 3 phone calls requesting a call back to set an appointment, first with the office, second with the individual who did our taxes the previous year and third to the office again. These calls had been placed over about a 3-4 week time span. On the third call I said in the message, "If you guys can't return my call should I get another firm to do my taxes"?

I finally got a return call from someone named Julia who said my previous tax preparer had not gotten to his Monday messages yet, (this was on a Wednesday), also she thought my message was rude and maybe I should get another tax return firm. I answered, "fine, I will" and hung up. Shannon usually took weeks to finish my return, the new company took less than 5 days! Shannon usually charged around $500, the new company charged me $275.

My new tax preparer holds a 4.5 Google star rating, now I understand why Shannon has only 3.3 Google rating. My new tax preparer is looking at my 2019 and 2020 returns for Shannon errors, if there are any I'll update this review.

Richard Kettlewell

Jan 26, 2022 Report

Shannon and Associates acquired or merged with Hale and associates. My CPA at Hale and associates has prepared my tax return for over 35 years. At Shannon and Associates my accountant was not allowed to prepare my tax return and the owner assigned me to a total stranger who never contacted me to at least introduce himself. I had no idea who was preparing my return. Totally unprofessional. I contacted the owner of Shannon and Associates and she explained that I should find another CPA firm. My former accountant at Shannon and Associates was even unhappy with procedures and the leadership at Shannon and Associates. DO NOT USE SHANNON and ASSOCIATES.

Tina F.

Dec 27, 2021 Report

They sent out a form letter in December dropping clients with no further explanation. This is just before taxes need to be prepared. I have been a client for many years and stayed through two major changes to the business. This could have been done earlier in the year. I consider this to be very unprofessional.

Brian Quint

May 24, 2021 Report

After 25 years, we moved our CPA relationship from a 'Downtown' firm to Shannon & Associates. This change was four years ago, and there is no looking back. The Shannon & Associates team prepares our business, personal, and trust returns (12 entities in total). They also advise me and other family members on financial and tax-related matters. Shannon & Associates is responsive, accessible, practical, and efficient-all important factors in a Professional Advisor relationship.

Brian Sjolseth

Dec 18, 2020 Report

My mother and brother found your CPA service over 30 years ago. I am so pleased that you are so careful with your clients' assets. I found all of the staff so kind and helpful when I have trouble performing a task or needing to use "new to me" internet services. I believe each of your clients is special and treated with genuine concern. Many, many thanks.