To assist our Clients in achieving their goals and in obtaining satisfaction by providing innovative, high-quality, personalized service; to provide an environment that will allow the members of our firm to grow individually recognizing the importance of family to each member; to be giving members in our profession and community; to maintain the highest level of professional ethics and independence; and to recognize that success is not necessarily defined by money or status, but by happiness in our daily lives.
To ensure that the client ultimately obtains the greatest benefit, we look at all aspects of our clients’ financial position. Our firm is strictly fee-only which means we do not have the potential bias of having to make commission sales, therefore we can always be objective and keep the clients’ best interests first and foremost. We are our clients’ greatest advocate and realize that our growth and well-being is dependent upon how well we assist our clients’ growth and well-being.
We stress the right of privacy and confidentiality regarding our clients’ personal and business information. Our relationships are built on trust and we will do everything in our power to earn and ensure that trust.
How we take advantage of the Internet
By giving our clients the ability to access information concerning their accounts. We use the internet to gather investment information which we pass along to our clients. We also use the internet to individually communicate with our clients.
These tools help in our search for sound investment opportunities, as well as in our effort to track them. Not only is the Net a useful tool when we are initially looking for a new company to invest in, but it is also useful for tracking news and earnings changes for the companies we have already bought, or identified as a potential buy.
This tracking is done automatically and electronically so that we do not have to rely on memory, or manual systems to do it. Each day our electronic mail-boxes are filled with press releases, earnings changes, and key stories effecting the stocks and industries that we own or are considering the purchase of.
Every month is Cybersecurity Awareness Month here at Canon Capital Technologies, but October is when the industry works to highlight ways to stay ahead of current threats and keep your data secure.
While films and television shows may glamorize hackers with advanced skills and flashy attacks, the reality is far less dramatic. Most successful cyberattacks occur due to simple schemes and vulnerabilities that are exploited by malicious actors.
Las Vegas recently experienced a significant disruption when MGM’s network fell victim to a breach. The consequences were widespread with immediate impact: restaurants couldn’t order food, slot machines were rendered unavailable, and an alarming amount of personal information was stolen. It’s essential to note that this breach wasn’t orchestrated like an “Oceans 11” style heist. Instead, it was a voice actor who impersonated an employee, successfully fooling a genuine MGM employee into granting them system access. Shockingly, this was all it took to cost MGM an estimated $2 billion in market capitalization.
This incident, along with numerous other high-profile cyberattacks, serves as a stark reminder of the need for consistent cybersecurity training in all businesses. Cybercriminals are constantly evolving their tactics, and as demonstrated in the MGM case, they often exploit human weaknesses within an organization’s security infrastructure.
We understand the gravity of the cybersecurity landscape and are committed to helping businesses protect themselves. This Cybersecurity Awareness Month, take proactive steps to safeguard your business. Contact us today to learn how we can help. Call 267.381.2025 or reach us online.
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
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
The market continues to perform well, making this the perfect time to prepare for the eventuality of a downturn. The good news is that recoveries last far longer than the preceding downturns. Continue reading to learn more.
We are always happy to be of service. Call us at 215-723-4881 with any questions you may have.
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, working with us as a tax preparer/accountant may be your next career step.
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
The weather forecast for the stock market continues to be mostly sunny, but how long can this rally continue? We have the details you need.
If you have questions or would like to discuss your portfolio, we are happy to help. Call us at 215-723-4881.
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.
