Canon Capital Wealth Management Recognized for Ten Years of Fiduciary Excellence by CEFEX

Pictured L-R: Blaine F. Aikin, Executive Chairman, Fi360; Patricia Webb, Owner and Director, Canon Capital Wealth Management Services; Carlos Panksep, General Manager, CEFEX

We are honored to announce that Canon Capital Wealth Management was recently recognized for achieving ten years of certified excellence in fiduciary-based investment practices as established by CEFEX (Centre for Fiduciary Excellence).

CEFEX is an independent global assessment and certification organization, working closely with investment fiduciaries and industry experts to provide comprehensive assessment programs to improve risk management for institutional and retail investors. CEFEX certification helps determine the trustworthiness of investment fiduciaries, providing an independent recognition of a firm’s conformity to a defined Standard of Practice. It implies that a firm can demonstrate adherence to the industry’s best practices, and is positioned to earn the public’s trust.

Canon Capital Computer Solutions Named Calyptix Security Corp. 2017 Premier Partner

Cybersecurity. In today’s digital landscape, it’s more important than ever. The need for vigilance in protecting your small business from a cyber attack increases every day.

We take this work of protecting your network very seriously. That’s why we’re proud to announce our designation as a 2017 Premier Partner by Calyptix Security Corp. This means that Canon Capital Computer Solutions has met the criteria of a commitment to superior IT support and services to our customers and for accelerating growth in network security services for the small and medium businesses we serve.

Canon Capital at the Indian Creek Foundation 2017 Roll, Stroll, and Run

The 26th edition of Indian Creek Foundation‘s Roll and Stroll added a new event – a 5K run. Linda Covel (Payroll Processor/Tax Preparer) participated in the 5K while her husband, Todd, cycled the 20-mile course. Brian Erkes (Wealth Management Project Coordinator) and his wife, Janice, ran the 5K as well, with Brian placing 15th and Janice 18th overall!

Payroll News: Philadelphia Wage Tax Reduction Takes Effect July 1, 2017

The first in a series of scheduled reductions to Philadelphia’s City Wage Tax take effect July 1, 2017:

  • The new Wage Tax rate for residents of Philadelphia is 3.8907% (.038907).
  • The new Wage Tax rate for non-residents of Philadelphia who are subject to the Philadelphia City Wage Tax is 3.4654% (.034654).

Any paycheck that Philadelphia-based businesses issue with a pay date after June 30, 2017 must have Philadelphia City Wage Tax withheld at the new rate.

Wealth Management News: How Our Fiduciary Standard Protects You

You may have heard media reports about a new fiduciary rule for retirement accounts. President Trump had called for a review of this rule, just two months before it was to go into effect. Understandably, you have questions about how this might impact your accounts. The rule was designed to ensure that the recommendations made by financial advisors to their clients, regarding their retirement accounts, are always made in the best interests of the client, without any conflicts of interest.

Canon Capital Community News: Indian Valley Nursery School & Kindergarten Students Visit Canon Capital

We had a special visit from the class of Chuck Porter’s son, Micah. He and his fellow students from Indian Valley Nursery School & Kindergarten paid a visit to our Souderton office to learn more about what it means to be a good neighbor. They gave us a care package and some very creative ideas about what we do here at Canon Capital. Thank you for thinking of us and for brightening our day with these responses!

The Alzheimer’s Tsunami: Preparing for the Worst: Financial Literacy Seminar with Jack Broyles

Every 66 seconds another American is diagnosed with Alzheimer’s Disease or another form of dementia. Currently the sixth leading killer in the United States, it is estimated that 5.4 million Americans suffer from this debilitating condition, a number that is expected to grow to 7.1 million by 2025.

2017 Financial Literacy Seminars Begin March 30, 2017 with The Alzheimer’s Tsunami: Preparing for the Worst

We are kicking off our series of Financial Literacy seminars for 2017 on Thursday, March 30, from 3:00 to 4:00 pm at our Hatfield location with a very important and relevant presentation on the personal and financial effects of Alzheimer’s disease.

If you or someone you love is diagnosed with Alzheimer’s disease or another form of dementia, are you prepared to help them physically, emotionally, and financially?

Canon Capital CPAs Successfully Completes Rigorous Peer Review

Canon Capital CPAs would like to announce that we have successfully completed a rigorous peer review of our accounting and auditing practice. The reviewer concluded that the firm’s system of quality control for our accounting and auditing practice in effect for the year ended May 31, 2016 was suitably designed and complied with to provide reasonable assurance of performing and reporting in conformity with the stringent quality control standards set by the American Institute of Certified Public Accountants (AICPA), the national professional organization of CPAs.

Tax Reform Outlook for 2017

On February 7, 2017, Steve Moyer, Tax Director here at Canon Capital, was invited to attend the Bloomberg BNA 2017 Outlook on Tax Reform in Washington, DC. The keynote speaker at the conference was Kevin Brady, US Congressman and Chairman of the House Ways and Means Committee, the main tax-writing arm of the US Government. Congressman Brady spoke about the House plan, “A Better Way,” for tax reform and highlighted the key aspects of the plan, along with the proposed timing for this new Bill.

This new tax bill would be the most sweeping tax reform we have seen in the last thirty years. The last major tax reform legislation of this magnitude was the Tax Reform Act of 1986, signed into law by President Ronald Reagan. Some of the same motivations to reform the tax code thirty years ago are again at the forefront of tax reform today: the desire to simplify the Code, make it fairer, and to flatten the tax brackets. Congressman Brady spoke on the vision for making the code simpler and fairer, lowering the tax rates for both individuals and businesses, and creating a new IRS that would put taxpayers first.