We take the hassle out of payroll

We provide unparalleled support and personal service. Our reputation for providing accurate, on-time payroll makes us different from the competition We customize our services to match your company’s individual needs to serve any size group or program.

We offer competitive prices and responsive service.   Our competitive fees keep your payroll costs down while our in-house expertise adds value to the payroll process. With the support of our Certified Public Accounting and Computer Solutions departments, Canon Capital can answer your questions quickly and be responsive to your special needs.

We eliminate the pain of in-house payroll processing. By providing services not always available with other payroll groups, such as withholding and reporting local and LST taxes, Canon Capital takes the effort out of payroll. From the simple conversion and start-up through comprehensive, easy-to-read reporting, our payroll services save you time, money and stress.

Request a Quote:

$25 Referral Bonus for Payroll Clients

Valued customers like you are the foundation of our success.

Refer a business associate to Canon Capital Payroll Services and receive $25.00 off your next payroll invoice. When they become a Payroll Services client, your next payroll is free!

For more details, please call and ask for Vicki Barnes at extension 150.


Canon Capital Management Group, LLC
357 N. Main Street
PO Box 64160
Souderton, PA 18964
Phone: 215-723-4881

With Each Payroll

Canon Capital Payroll Services will process your company’s payroll for you quickly and easily, giving you more time to run your business.

Provides with each Payroll

  • Payroll Checks and/or Direct Deposit Vouchers
  • Payroll Register
  • Payroll Input Sheet
  • Deduction Registers

Preparation of Tax Liability Deposits

  • Federal and State Withholding
  • Federal and State Unemployment
  • FICA
  • Local Taxes
  • LST(formerly OPT/EMST)

Preparation of Quarterly Tax returns

  • 941 Federal
  • State Withholding
  • State Unemployment
  • Local
  • LST(formerly OPT/EMST)

Preparation of Annual Tax Returns

  • W-2’s, Federal, State, and Local W-3’s
  • 940 FUTA

Optional Services Include:

  • Customized Reports
  • Check Signatures, Stuffing
  • QuickBooks GL Interface
  • 1099 & 1096 Preparation
  • Other Options to meet our clients’ needs

Optional Services

  • 1099 Payments
  • 1096 Annual Preparation
  • New Hire Reporting
  • FICA Tip Credit Report
  • Workers Compensation Report
  • Labor Distribution Report
  • General Ledger Report
  • Vacation/Sick Accrual Report
  • 401(k) Report
  • Check Reconciliation Report
  • Certified Payroll Report
  • Customized Reports
  • Direct Deposit Service
  • Vacation/Sick Accrual Tracking
  • Job Costing/Labor Allocation
  • Check Signature
  • Checking Stuffing
  • Delivery
  • QuickBooks GL Interface

Tax Limits

2017 Tax Limits

Minimum Wage:
Federal:  $7.25
PA: $7.25
NJ: $8.44

Minimum Wage with Tips:
Federal:  $2.13
PA:  $2.83
NJ: $2.13

FICA:
Maximum earnings:  $127,200
Employer percentage: 6.2%
Maximum Deduction: $7,886.40
Self-Employment Tax: 12.4%
Employee percentage: 6.2%
Maximum Deduction: $7,886.40

Medicare:
Employee/Employer percentage: 1.45%
Wages Paid in excess of $200,000: additional employee tax of 0.9%
Self-Employment Tax: 2.90%

FUTA:
Rate: 6.0%
Maximum credit: 5.4%
Normal net tax: 0.6%
Maximum Earnings: $7,000.00

PA State Tax:
State percentage: 3.07%
Philadelphia Resident: 3.9004%
Philadelphia Non-resident: 3.4741%
Local jurisdictions: as applicable

PA SUI:
Employee percentage: .07%
Employer percentage: contribution rates vary by employer
Maximum Earnings: $9,750.00

401(k) Limits:
Annual elective deferral limit: $18,000
“Catch-up” contribution limit: $6,000 (must be 50 years old by the end of the plan year)

Simple IRA Limits:
Annual elective deferral limit: $12,500
“Catch-up” contribution limit: $3,000 (must be 50 years old by the end of the plan year)

Mileage allowance:
Business purposes: 53.5 cents/mile
Charitable purposes: 14 cents/mile
Medical purposes: 17 cents/mile
Moving purposes: 17 cents/mile

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Important Dates

Legend

^ National Holiday – Canon Capital/most banks are closed. Allow an extra day for direct deposit services.
* National Holiday Observed – Canon Capital will be closed.  Some banks are open.
+ National Holiday – Most banks are closed. Allow an extra day for direct deposit services.

Calendar Year 2017

^ New Year’s Day – January 1
* Observance of New Year’s Day – January 2
+ Martin Luther King, Jr. Birthday – January 16
+ President’s Day – February 20
^ Memorial Day – May 29
^ Independence Day – July 4
^ Labor Day – September 4
+ Columbus Day – October 9
+ Veterans Day – November 11
^ Thanksgiving Day – November 23
^ Christmas Day – December 25

Quickbooks GL Interface

Our QuickBooks General Ledger interface provides you with online access to your payroll data with every payroll.  You instantly save time, reduce errors, and increase flexibility.

Benefits of QuickBooks General Ledger interface include:

  • Flexible solution to chart total net pay or each paycheck
  • Distribute payroll expenses to multiple accounts and/or departments
  • After each payoll, we will instantly generate a file to provide electronic payroll data that you can apply directly to your general ledger.

Useful Payroll Links

Find your municipality and tax rate:
munstats.pa.gov/Public/FindMunicipality.aspx

PSD Codes
PSD_CODES_-_2-3-11PUB_3.pdf

American Payroll Association:
americanpayroll.org

IRS – home page:
irs.gov

IRS – forms & publications:
irs.gov/Forms-&-Pubs

Social Security Administration:
ssa.gov

Immigration and Naturalization Service
uscis.gov

Department of Labor:
dol.gov

Pennsylvania Department of Labor & Industry:
dli.state.pa.us

New Jersey Department of Revenue:
state.nj.us/treasury/taxation

Pennsylania Department of Revenue:
revenue.state.pa.us

Berkheimer Associates (Local tax adminstrator):
hab-inc.com

Philadelphia Deparment of Revenue:
phila.gov/revenue/Pages/default.aspx

Department of Community and Economic Development
dced.pa.gov

Keystone Collections Group
keystonecollects.com

Berks Earned Income Tax Bureau
berkseit.com