Computer Recycling Program

In an effort to support our environment, provide our customers with a cost-effective, easy way to dispose of their unused computer equipment and comply with local equipment disposal laws, we are announcing a new computer equipment recycling program. Here’s how it works:

At your request, we will recycle your used computer equipment for you. Computers will have their hard drives rendered inoperable (so that there is no possibility of anyone extracting data from them). We will then transport your equipment to a certified computer equipment recycling center for proper disposal.

To encourage as much participation in this program as possible, we are keeping the fee for this service to a minimum. To have your computers recycled, simply:

  1. Complete the form below, indicating the quantity of each item to be recycled
  2. Drop your equipment off at our office (along with this form), or give your equipment to one of our staff persons when they are at your office for another engagement
  3. We will send you an invoice for the service fee

Computer Equipment Recycling Program (PDF)

Rebecca Alderfer

Administrative Assistant

Becky joined Canon Capital in 2002. Prior to Canon Capital, she worked for an auto dealership and computer software company. She attended Montgomery County Community College for business. She resides in Tylersport with her husband and they have three children and nine grandchildren. Becky is active in her church and enjoys making crafts and baking. She also loves to take her vacations in Duck, North Carolina.

Webinar Recording: 87,000 New IRS Agents – Now What? What to Expect in an IRS Audit

If you were unable to attend our recent webinar, here is a recording you can watch at your convenience.

During this session, Steven Moyer, CPA/PFS, CGMA, CSEP and Brent Thompson, CMA, CGMA, CPA presented the latest information on how to prepare for a tax audit, including:

  • The current state of the IRS
  • Records and retention
  • Items that can cause an exam
  • Basic procedures in an exam
  • Options upon exam conclusion
  • Impact of year-end legislation, if any

As always, if you have any questions we are happy to be of service. Please call us at 215-723-4881.

Elm Terrace Gardens Technical Support Request

The web based support form is no longer in use. Please use the green IT button on your Windows desktop or system tray to submit a support request. If you do not have the green IT button, please give us a call at 215-723-4881, extension 800, and we will be happy to assist you.

Services: Let’s Get Started

Accounting

Our team of certified public accountants, certified management accountants, and chartered global management accountants work with you to understand your goals – personal and business.

Payroll

You didn’t start a business to run a payroll company. We stay up-to-date on the latest tax rates and payroll practices so you don’t have to. Our efficient, cost-effective payroll services allow you to continue working on your business goals.

Wealth Management

We work with business owners and personal investors to provide unbiased advice and clear expectations on investment choices.  We work with companies to develop successful retirement plans, such as 401(k) and 403(b) plans, helping employees reach their retirement goals.

Technologies

We take the worry out of your computer system management. From cyber threat management to data back-up, we work with you to address your concerns and make sure your systems are working for you.

Bradley Barnhorst

Investment Committee Counsel

Brad joined Canon Capital in 2016 and serves as Investment Committee Counsel.  He is a recognized expert in investment portfolio risk and volatility reduction, with numerous published works in both scholarly and professional journals.   In addition to his role with Canon Capital, he serves as the Chair of the Finance Major and CFP Program Director for both the undergraduate and graduate divisions at DeSales University.  He has prior experience as an Associate Director for Bear, Stearns & Co. specializing in structured equity products and derivatives geared to mitigating investment risk. He holds the Chartered Financial Analyst (CFA) designation.  He has earned a Bachelor of Arts Degree in Computer Science from Harvard University as well as a Master of Business Administration (MBA) with a concentration in Corporate Finance and Investment Management from Penn State University.

New for 2023: Minimum Wage, W4, and IRS Mileage Updates

It’s a new year which means changes to the minimum wage in New Jersey and Delaware, a new form W4, and updated IRS mileage rates.

Minimum Wage Increases in New Jersey and Delaware

Starting January 1, 2023, many employees in New Jersey making minimum wage will receive an increase of $1.13 per hour, bringing their new hourly wage to $14.13. This is not the case for all classifications of minimum wage pay. Per the State of New Jersey website:

The New Jersey Department of Labor and Workforce Development (NJDOL) sets the minimum wage for the coming year using the rate specified in the law or a calculation based on the CPI, whichever is higher. Once the minimum wage reaches $15 per hour, the State Constitution specifies that it continue to increase annually based on any increase in the CPI.

 

Under the law, seasonal and small employers were given until 2026 to pay their workers $15 per hour. The minimum hourly wage for these employees will increase to $12.93/hour on Jan. 1, up from $11.90.

 

Agricultural workers are guided by a separate minimum wage timetable and were given until 2027 to reach the $15/hour minimum wage. Employees who work on a farm for an hourly or piece-rate wage will see their minimum hourly wage increase to $12.01, up from $11.05. Additionally, long-term care facility direct care staff will see their minimum wage rise by $1.13, to $17.13.

 

Tipped workers’ cash wage will increase to $5.26/hour, with employers able to claim an $8.87 tip credit, an increase in the maximum allowable tip credit of $1. If the minimum cash wage plus an employee’s tips do not equal at least the state minimum wage, then the employer must pay the employee the difference.

In Delaware the minimum hourly wage has increased by $1.25 to $11.75, with exemptions for employees working in the following areas:

  • Agriculture
  • Domestic service in private households
  • United States Government employees
  • Sales personnel receiving outside commission
  • Executives, Administrators, and Professionals
  • Employees in fishing and fish processing (while at sea)
  • Volunteer workers for educational, religious, or non-profit organizations
  • Junior Camp Counselors working for non-profit summer camps
  • Inmates in Department of Correction work programs

According to the Delaware Department of Labor, the following is the protocol for tipped employees:

The minimum cash wage payable to employees who receive tips is $2.23 per hour. Tips may not be taken or retained by an employer except as required by law. Tip pooling is permitted (under certain circumstances) in an amount not to exceed 15% of the actual tips received by the employee.

A New W4 for 2023

The IRS has issued the new W4 form for 2023. We recommend doing a Paycheck Check-up at the start of every calendar year so you can make any necessary adjustments to your withholdings.

IRS Mileage Updates for 2023

As of January 1, 2023, the IRS standard mileage rates for the use of a vehicle (car, van, pick-up truck, or panel truck, whether electric, hybrid-electric, gasoline, or diesel) for business, charitable, medical, or moving purposes are:

  • 65.5 cents for every mile driven for business use
  • 22 cents for every mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces
  • 14 cents for every mile driven in service of charitable organizations

We recommend tracking your mileage throughout the year using an app like MileIQ. It can save you time and hassle in the long run, as we discuss in this blog post.

We’re Here to Help

If you have any questions about these updates or any other payroll or accounting matter, please don’t hesitate to call 215-723-4881 or contact us online.

Canon Capital Technical Support Request

The web based support form is no longer in use. Please use the green IT button on your Windows desktop or system tray to submit a support request. If you do not have the green IT button, please give us a call at 215-723-4881, extension 800, and we will be happy to assist you.

Canon Capital Technologies: Three Things to Do Before Year-end

We continue our year-end checklist series with these suggestions from our Technologies team.

  • As tax season approaches, tax scams will be on the rise! Keep an eye and ear out for suspicious emails and calls, especially those that you aren’t expecting.
  • Watch out for social media ads that lead you to fake online stores. If it sounds to good to be true, it just might be. Trust your instincts.
  • Year-end Cleanup: now is a good time to go through documents filed on your computer or cloud storage and to clear out the unneeded pictures and videos from your smartphone and tablet.

Staying Safe in 2023

Stay safe online by using a password manager. If you don’t have one, now is the time to take action. We recommend Bitwarden. If you are using a password manager, it’s a good idea to change your master password and review your settings.

If you have any questions about these items or other aspects of your IT needs, contact us online or call 267-381-2025.

Client Technical Support Request

The web based support form is no longer in use. Please use the green IT button on your Windows desktop or system tray to submit a support request. If you do not have the green IT button, please give us a call at 215-723-4881, extension 800, and we will be happy to assist you.