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$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
484 Harleysville Pike
PO Box 228
Harleysville, PA 19438
Phone: 215-723-4881

Rise in Check Washing Crimes: What You Need to Know

When you hear “check washing,” it probably reminds you of that time you forgot to check everyone’s pockets before doing laundry. But the term refers to a criminal act that is on the rise throughout the United States. This fraudulent activity involves altering a written check by erasing its details — such as the recipient’s name or the check amount — and rewriting them to benefit the criminal.

The Check Washing Process

The process is alarmingly simple. Once the thief has the check, they use chemicals or heat to erase the existing information without damaging the paper. Then they write in new details to their benefit.

Preventing Check Washing

There are several ways to protect yourself from becoming a victim of check washing:

  • Use pens with pigment-based ink. These inks are resistant to most chemicals used in check washing.
  • Always keep your checks in a secure place. If mailing checks, use a tamper-evident envelope. For an additional layer of safety, walk the check into the post office instead of using the outdoor mailboxes.
  • Where possible, switch to electronic transactions to avoid using physical checks.

What to Do If You’re a Victim

If you think you’ve been targeted by check washing, here’s what to do:

  • Contact your bank to stop payment on the suspected check immediately.
  • Notify your local law enforcement and the Federal Trade Commission about the issue.
  • Monitor your accounts and bank statements for any unauthorized transactions.

Taking a few simple preventive measures will go a long way in protecting yourself against check washing.

One source, many services, the right decision.

Accounting. Payroll. Technologies. Wealth Management. We’re here to help. Call us at 215-723-4881 or contact us online.

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 (Delivery service currently on hold during the COVID-19 pandemic.)
  • QuickBooks GL Interface

City of Philadelphia Wage Tax Decrease Effective July 1, 2023

This year brings another decrease in the Philadelphia City Wage Tax. Effective July 1, 2023, employers must withhold wage tax at the new rate of 3.75% from all paychecks issued to Philadelphia residents. The wage tax for non-residents of Philadelphia will remain at 3.44%.

This change must be in place for all paychecks dated after June 30, 2023.

Questions? We’re happy to help. Give us a call at 215-723-4881.

Tax Limits

2025 Tax Limits

Minimum Wage:
Federal:  $7.25
PA: $7.25
NJ: $15.49

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

July 4 Hours – Important Update for Payroll Clients

While we will be closed Monday, July 3 & Tuesday, July 4 for the 2023 Independence Day Holiday, we have a special update for our Payroll customers. Our Payroll team will be working and processing payrolls on Monday, July 3, 2023. If you have any questions about the holiday processing deadlines, call 215-723-4881 or email us. We will resume our regular lobby business hours (8:00 a.m. – 4:00 p.m.) on Wednesday, July 5, 2023. Have a safe and happy holiday.