Office Manager
Lori started with Canon Capital in January, 2000. Lori is the Office Manager and oversees the support staff and tax assembly process. She is instrumental in developing and implementing processes that create efficiencies for Canon Capital staff and clients. Lori is also a notary public. She attended Katharine Gibbs School of Business and has over 30 years of administrative and executive assistant experience. Lori and her husband live in Telford and have two children. In her spare time she enjoys crafts, reading, kayaking and spending time with her family.
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Apart from fair dealing as permitted under the copyright law of the United States of America, and as necessary for the delivery of our services, no part of this program may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, reprographic or otherwise, without the prior permission of Canon Capital Management Group, LLC.
Please join us in congratulating Margaret McCarthy, Client Relationship Associate at Canon Capital Investment Advisory, on earning the Chartered Retirement Plans SpecialistSM (CRPS®) designation.
This designation, awarded by the College for Financial Planning, demonstrates McCarthy’s expertise in retirement plan design, installation, and maintenance for businesses, non-profit organizations, and government entities of all sizes.
Her continued commitment to excellence will undoubtedly benefit our clients as they work toward their retirement goals.
For more information about the CRPS® designation and its significance, please visit the College for Financial Planning’s website.
For inquiries about or assistance with retirement planning, feel free to contact us online or call 215-723-4881.
Welcome to 2024. Let’s look at what’s new for IRS mileage rates, your form W4, and the minimum wage.
IRS Mileage Updates for 2024
The IRS issued new standard mileage rates taking effect starting January 1, 2024:
- 67 cents for every mile driven for business use (an increase of 1.5 cents from 2023)
- 21 cents for every mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces (a one-cent decrease from 2023)
- 14 cents for every mile driven in service of charitable organizations (rate is unchanged from 2023)
Avoid the guessing game and consider using an app like MileIQ to keep track of your mileage throughout the year.
Check Your W4
It’s always a good idea to start each new year with a Paycheck Check-up to make sure your withholdings are set at the appropriate level. Doing so will help avoid any unpleasant surprises at tax time. Download the 2024 form W4 here.
Minimum Wage Updates for People Employed in New Jersey and Delaware
The minimum wage for qualifying employees in New Jersey will increase from $14.13 to $15.13 per hour. Consult this resource from the New Jersey Department of Labor for further information.
The minimum hourly wage in Delaware continues its incremental increase, with the 2024 amount increasing from $11.75 to $13.25, with continued 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
The protocol for tipped employees also remains as follows:
“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.”
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.
Payroll Processor/Tax Preparer
Linda joined Canon Capital in 2005 as a Payroll Processor. Prior to 2005, she worked at Canon Capital part-time as part of our tax season support team. She has her Jr. Accounting Certification from Lansdale School of Business and has many years of experience doing payroll, bookkeeping, and tax returns for various accounting firms. Linda is a member of the Lehigh Valley Chapter of the American Payroll Association. She is a member of Christ Reformed Church where she teaches VBS, serves on the Peacemakers team, and the Auditing Committee. Linda’s passion is Operation Christmas Child and she serves as a year-round volunteer. In her spare time, she enjoys spending time with her family, volunteering for missions’ trips, doing German paper cutting, and shopping for Operation Christmas Child shoe boxes. Linda resides in Harleysville with her husband and has three sons.
Any professional and technical information presented on this site is for interest only AND IS NOT INTENDED AS PROFESSIONAL ADVICE. It should not be relied upon without supporting professional advice on the subject in question. Neither the firm nor any member or employee of the firm will be responsible for any errors or omissions in the contents of this site howsoever caused.
This site contains links to other Web sites. We advise all web visitors to review the privacy and security policies of all externally linked sites before providing them with personal information. Canon Capital Management Group, LLC assumes no responsibility for the misuse of information volunteered to these sites.
Shareholder & Technical Consultant
Craig serves as a Technical Consultant on the Canon Capital Technologies team, guiding business clients through all aspects of Managed IT Services, Network Security, Data Backup & Recovery, and Help Desk Support. He was admitted to the company as a shareholder in 2019 and leads sales and marketing for the Technologies business unit. He has a business degree from Delaware Valley College and an MBA in Marketing from LaSalle University. Prior to joining Canon Capital in 1998, Craig worked as a general manager of a car wash, as a controller of a heavy equipment company, and as a senior technician for a major home improvement company. Craig is a Microsoft Certified Professional. Craig also serves as executive director of Healthy Neighbors International, a non-profit medical missions organization serving in Nicaragua. Craig resides in Doylestown with his wife and has four children. He enjoys spending time with his family.
As the holiday season unfolds, please take note of our upcoming schedule:
- Friday, December 15: Office closing at noon for our staff luncheon
- Friday, December 22: Office closing at Noon
- Monday, December 25: Office closed for Christmas Day
- Friday, December 29: Office closing at Noon
- Monday, January 1: Office closed for New Year’s Day holiday
Thank you and we wish you and your loved ones safe, happy, and healthy holidays.
‘Tis the season for our annual Operation Christmas Child project. Members of our Canon team spent their lunch breaks participating in a shoebox stuffing party. We packed 48 total boxes of toys, necessities, and other surprises to delight children in need this holiday season. Special thanks to Linda Covel from our Payroll and CPA business units who not only set up our project, but she also serves year-round as a volunteer for Operation Christmas Child.
CPA’s, like all providers of personal financial services, are now required by law to inform their clients of their policies regarding privacy of client information. CPAs have been and continue to be bound by professional standards of confidentiality that are even more stringent than those required by law. Therefore, we have always protected your right to privacy.
Types of Nonpublic Personal Information We Collect
We collect nonpublic personal information about you that is provided to us by you or obtained by us with your authorization.
Parties to Whom We Disclose Information
For current and former clients, we do not disclose any nonpublic personal information obtained in the course of our practice except as required or permitted by law. Permitted disclosures include, for instance, providing information to our employees, and in limited situations, to unrelated third parties who need to know that information in order to assist us in providing services to you. In all such situations, we stress the confidential nature of information being shared.
Confidentiality and Security of Current and Former Clients’ Information
We retain records relating to professional services that we provide so that we are better able to assist you with your professional needs and, in some cases, to comply with professional guidelines. In order to guard your nonpublic personal information, we maintain physical, electronic and procedural safeguards that comply with our professional standards.
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We are committed to your financial well being, and protecting the privacy and security of the information you share with us is included in that commitment. You trust us with your personal and financial information, and we will continue honoring your trust by handling your information carefully and sensibly.
