Are you a self-motivated leader and experienced accountant looking for a new opportunity?
Do you desire more freedom in managing your own schedule and client base while utilizing various service offerings and a team of experienced staff?
If so, our open position for a Tax Preparer/Accountant might be the next career step for you. Learn more and apply.
Goodness knows you have more than enough to organize when you’re preparing for a marriage. Not only is it a time filled with excitement and happiness – it’s also a hectic busy time. All too often the financial implications of marriage (and of divorce and re-marriage) are overlooked, or not considered fully in the excitement.
People who have recently changed their marital status or who are planning such a change may have important financial and legal decisions to make. These decisions might deal with property ownership, providing for children’s welfare, postmortem planning and day-to-day finances. You should always consult with your financial advisor to discuss the financial steps appropriate to a change in marital status.
If, at the other end of the scale, you are considering a divorce, it’s imperative that you take appropriate action to plan for the dissolution of the financial partnership in your marriage. Such dissolution involves dividing the financial assets you have accumulated during the years of marriage. If there are children involved, future support given to the custodial parent must be planned for. If you take the time and the correct measures now to prepare and plan for all eventualities, it will pay off later on. As always, you should seek the advice of your professional advisors to ensure you take the steps that are appropriate to your individual situation.
We have developed services to help you manage your personal finances. Our staff can assist you with budgeting, cash flow analysis and developing a personal balance sheet. Members of our firm are knowledgeable in a variety of personal accounting software, including Quicken, Financial Navigator, Quickbooks and Money Works.
We are available for consultations on a variety of financial services such as: insurance needs, including life, disability and long term care, rollover of pension and IRA, qualifying for a home mortgage and other loans, exercising stock options, early retirement packages, estate administration, and home inventory video.
In addition, we have developed a unique financial service tailored to senior citizens. We offer a service which allows you to remain in charge and independent, yet have the security of knowing that all financial details have been addressed each month. On a regular basis a member of our staff will meet with you and family members to review your financial needs. Within our personal affairs division we offer the following services: Bill paying with regular visits to you for check signing. Periodic reconciliation of your checkbook. Administration of medical claim forms. Monthly accounting of all income and expenses with a summary report each period.
Updated IRS Filing Regulations
If your business regularly files paper returns, you will want to pay attention to this update. Effective January 1, 2024, the threshold of the number of paper returns the IRS will accept from one business entity has been reduced from 250 to 10 returns in a calendar year. For example, if your business files ten or more of any type of return — such as W2s or 1099s — by paper within a calendar year, you will be required to file them electronically. Learn more.
Spring Cleaning for Your 401(k)?
You may have noticed recent market fluctuations – both positive and negative – but have you considered how these changes impact your asset mix? Employer-sponsored retirement plans (401(k), 403(b), etc.) offer plan-specific investment options. We suggest a full account rebalance at least once per quarter. Taking this step will ensure that you are still holding your desired allocation – like if your 80% equity exposure slipped down to 75% — allowing you to sell investments with increased value and buy what is low. If you need help determining the right asset allocation for your situation, our team of Investment Advisors is ready to help.
AI-generated Content: Convenient but Lacking
AI (artificial intelligence) tools can be timesavers, but you must be on guard when using them. AI tools often generate incorrect or plagiarized content, so it always needs to be reviewed by a person. People relate to people best, so even better – stick with having human team members create your content.
One source, many services, the right decision.
Our team of professionals is here to help. Call 215-723-4881 or contact us online to get started.
At Canon Capital Investment Advisory we believe a successful financial program develops over months and years and is constantly evolving to adjust to changes in family circumstances and changes in tax law.
Whether planning for your retirement, devising an estate plan or planning for your children’s education, we can help you obtain your goals by assisting you through the financial planning process.
This process includes an analysis of your: assets and liabilities, monthly cash flow, life and disability insurance contracts, employee benefits, retirement plans, and wills and trusts.
From this data, we will provide you with a current balance sheet, income tax statement, estate tax analysis, and cash flow analysis. These statements will be a starting point to begin planning for your future and reveal any immediate actions which may be necessary before proceeding to other steps. Based on your financial knowledge, we will develop a plan to meet your goals.
Our plans will include recommendations for: Income and estate tax planning, Retirement planning, Cash flow management, Education funding, Investment strategies, Life and disability insurance planning, Family/generational planning, and Trust administration.
Once a plan is developed, it must be implemented. We look forward to developing and implementing strategies for you to meet your financial goals. We will work closely with your attorney, accountant, insurance agent, and other advisors. Our ongoing monitoring is designed to assure you that we will be available and prepared to meet your ever-changing financial needs.
We are currently seeking a self-motivated leader and experienced accountant to join us in the role of Manager/Senior Accountant. If you desire more freedom in managing your own schedule and client base while utilizing various service offerings and a team of experienced staff, we want to meet you.
Members of our staff have successfully completed the Uniform Investment Advisor Law Examination and the General Securities Examination administered by the National Association of Securities Dealers.
When designing an investment portfolio, we review a number of factors with our clients. Some of these factors include risk tolerance, income taxes, retirement needs, and educational needs. From this information we develop a model portfolio for you. Based on the model portfolio, we select investments that are appropriate for your needs. Some of the investment vehicles we use include no-load mutual funds, stocks and bonds.
Do you remember the last time you had to visit the bank to deposit your paycheck? For decades, direct deposit has been the efficient and safe way for employees to receive their pay.
This convenience does not come without risk. A new direct deposit scam has recently been making the rounds. We want to make you aware of it and share ways to prevent and avoid direct deposit fraud.
In many cases, the employer receives an email from someone claiming to be an employee. They tell the employer that they have had fraudulent activity on their bank account and need to update their direct deposit information. Without confirming this request directly with the employee, employers have updated the account information. However, the new account information provided belongs to the scammer, not the actual employee. As soon as the scammer receives the funds via direct deposit, they close the account and move on to the next victim.
How can you avoid direct deposit fraud? Here are some best practices:
You have many opportunities to protect yourself from direct deposit fraud. Consider taking these steps today.
Questions? Call us at 215-723-4881 or contact us online.
If you are a Philadelphia resident or work for a business based in Philadelphia, you may be eligible for several tax credits.
Learn more about these tax credits and how to apply.
Questions? Call us at 215-723-4881 or contact us online.
