To assist our Clients in achieving their goals and in obtaining satisfaction by providing innovative, high-quality, personalized service; to provide an environment that will allow the members of our firm to grow individually recognizing the importance of family to each member; to be giving members in our profession and community; to maintain the highest level of professional ethics and independence; and to recognize that success is not necessarily defined by money or status, but by happiness in our daily lives.
To ensure that the client ultimately obtains the greatest benefit, we look at all aspects of our clients’ financial position. Our firm is strictly fee-only which means we do not have the potential bias of having to make commission sales, therefore we can always be objective and keep the clients’ best interests first and foremost. We are our clients’ greatest advocate and realize that our growth and well-being is dependent upon how well we assist our clients’ growth and well-being.
We stress the right of privacy and confidentiality regarding our clients’ personal and business information. Our relationships are built on trust and we will do everything in our power to earn and ensure that trust.
How we take advantage of the Internet
By giving our clients the ability to access information concerning their accounts. We use the internet to gather investment information which we pass along to our clients. We also use the internet to individually communicate with our clients.
These tools help in our search for sound investment opportunities, as well as in our effort to track them. Not only is the Net a useful tool when we are initially looking for a new company to invest in, but it is also useful for tracking news and earnings changes for the companies we have already bought, or identified as a potential buy.
This tracking is done automatically and electronically so that we do not have to rely on memory, or manual systems to do it. Each day our electronic mail-boxes are filled with press releases, earnings changes, and key stories effecting the stocks and industries that we own or are considering the purchase of.
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
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
2024 Tax Limits
Minimum Wage:
Federal: $7.25
PA: $7.25
NJ: $15.13
Minimum Wage with Tips:
Federal: $2.13
PA: $2.83
NJ: $5.26
FICA:
Maximum earnings: $168,600
Employer percentage: 6.2%
Maximum Deduction: $10,453.20
Self-Employment Tax: 12.4%
Employee percentage: 6.2%
Maximum Deduction: $10,453.20
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: 3.75%
Philadelphia Non-resident: 3.44%
Local jurisdictions: as applicable
PA SUI:
Employee percentage: .07%
Employer percentage: contribution rates vary by employer
Maximum Earnings: $10,000.00
401(k) Limits:
Annual elective deferral limit: $23,000
“Catch-up” contribution limit: $7,500 (must be 50 years old by the end of the plan year)
Simple IRA Limits:
Annual elective deferral limit: $14,000
“Catch-up” contribution limit: $3,000 (must be 50 years old by the end of the plan year)
Mileage allowance:
Business purposes: 67 cents/mile
Charitable purposes: 14 cents/mile
Medical purposes: 21 cents/mile
Moving purposes: 21 cents/mile
Legend
^ National Holiday – Canon Capital/most banks are closed. Allow an extra day for direct deposit services.
+ National Holiday – Most banks are closed. Allow an extra day for direct deposit services.
Calendar Year 2024
^ New Year’s Day – January 1
+ Martin Luther King, Jr. Birthday – January 15
+ President’s Day – February 19
^ Memorial Day – May 27
^ Juneteenth National Independence Day – June 19
^ Independence Day – July 4
^ Labor Day – September 2
+ Columbus Day – October 14
+ Veterans Day – November 11
^ Thanksgiving Day – November 28
^ Christmas Day – December 25
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.
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
