Find your municipality and tax rate:
munstats.pa.gov/Public/FindMunicipality.aspx
PSD Codes
PSD_CODES_-_2-3-11PUB_3.pdf
American Payroll Association:
americanpayroll.org
IRS – home page:
irs.gov
IRS – forms & publications:
irs.gov/Forms-&-Pubs
Social Security Administration:
ssa.gov
Immigration and Naturalization Service
uscis.gov
Department of Labor:
dol.gov
Pennsylvania Department of Labor & Industry:
dli.state.pa.us
New Jersey Department of Revenue:
state.nj.us/treasury/taxation
Pennsylania Department of Revenue:
revenue.state.pa.us
Berkheimer Associates (Local tax adminstrator):
hab-inc.com
Philadelphia Deparment of Revenue:
phila.gov/revenue/Pages/default.aspx
Department of Community and Economic Development
dced.pa.gov
Keystone Collections Group
keystonecollects.com
Berks Earned Income Tax Bureau
berkseit.com
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.
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.
Handing over your business to family members successfully can mean the difference between being financially sound for life or losing the value of many years of hard work and effort.
More than 70 percent of family-owned businesses do not survive the transition from founder to second generation. Rather, they fall prey to either the estate tax or family discord. Developing and implementing a well-designed plan is essential to the long-term success of the business you’ve grown and developed from the very beginning.
Succession planning also applies irrespective of whether you have family members looking to take over the business. One day you are going to need to exit the business, through retirement or sale. Succession planning covers the key steps to prepare the business for that moment.
In the event of selling the business to an outside purchase, Canon Capital can manage that process for and with you, as that can be an arduous undertaking.
It’s important to keep this concept in mind: Ultimately, for your business to truly be a realizable asset for you, you need to constantly be working on it with a view to selling it sometime in the future. Whether you do sell it or not is irrelevant. Keeping that frame of mind means that at least you will always be in a position to sell it and realize its true value, if you should ever want or need to.
That focus gives you a greater awareness of the need to systematize your business and make it less dependent on you. People want to buy businesses that work, not businesses that are run by people that work and work and work. Succession planning then is an ongoing, ever improving process and is just as much about working ON your business as planning for the future.
Customer File Upload – Use this link to send a file directly to Canon Capital.
IRS NEWSTAND – News releases and fact sheets from the Internal Revenue Service
IRS Tax information for individuals and businesses – Find the status of your refund, IRS phone numbers, withholding calculator, and more…
The link below contains financial and tax calculators for items such as mortgages, home equity, autos, stocks, mutual funds, retirement and LOTS more.
- Financial Calculators
Note: All calculators are provided by a 3rd party and are provided here as a reference tool only. The accuracy of these calculators and their applicability to your circumstances is not guaranteed. You should obtain personal advice from one of our qualified professionals.
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.
The Fed has hit pause on another interest rate hike, at least for now. We are monitoring their activity closely and will keep you updated. In the meantime, here are more details about the current landscape.
So far in 2023 we have experienced a series of interest rate increases from the Fed and a tightening of the labor market. Continue reading for a more detailed update.
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.
