Our experienced staff of professionals offers payroll processing solutions that allow business owners to concentrate on their company’s business mission. Our team stays current with changing laws and regulations that govern payroll, helping businesses remain in compliance, while processing payroll in an accurate and timely manner.
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 Technologies 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.
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
484 Harleysville Pike
PO Box 228
Harleysville, PA 19438
Phone: 215-723-4881
Minimum Wage with Tips:
Federal: $2.13
PA: $2.83
NJ: $5.62
FICA:
Maximum earnings: $176,100
Employer percentage: 6.2%
Maximum Deduction: $10,918.20
Self-Employment Tax: 12.4%
Employee percentage: 6.2%
Maximum Deduction: $10,918.20
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: $23,500
“Catch-up” contribution limit: $7,500 (must be 50 years old by the end of the plan year)
Increased “catch-up” (ages 60-63): $11,250
Simple IRA Limits:
Annual elective deferral limit: $16,500
“Catch-up” contribution limit (must be 50 years old by the end of the plan year): $3,500
Increased “catch-up” (ages 60-63): $5,250
Mileage allowance:
Business purposes: 70 cents/mile
Charitable purposes: 14 cents/mile
Medical purposes: 21 cents/mile
Moving purposes: 21 cents/mile
^ 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 2025
^ New Year’s Day – January 1
+ Martin Luther King, Jr. Birthday – January 20
+ President’s Day – February 17
^ Memorial Day – May 26
^ Juneteenth National Independence Day – June 19
^ Independence Day – July 4
^ Labor Day – September 1
+ Columbus Day – October 13
+ Veterans Day – November 11
^ Thanksgiving Day – November 27
^ 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.
The IRS provides an online Withholding Calculator to help you determine the right type of withholding for your situation. But even with this calculator, completing a Form W-4 can be confusing. We’ve provided a step-by-step guide. Follow along with our sample Form W-4 download, available below:
