Daniel Hagen

Staff Accountant

Daniel joined Canon Capital as a Staff Accountant in November 2022. A graduate of Temple University with a Bachelor of Business and Marketing, he began his accounting career in tax preparation and is pursuing his CPA. Outside of work, Daniel leads worship at Renew Community Church and spends his free time playing guitar, practicing martial arts, and snowboarding. The kitchen of his Quakertown home is the place to be thanks to the scent of the sourdough bread he bakes from scratch.

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Accounting / CPA

We prioritize understanding your business, emphasizing planning and communication to best serve your financial needs.

Payroll

Our full-service payroll department creates a plan unique to your business, saving you time, money, and stress.

Wealth Management

Learn more about wealth management, retirement planning, and 401(k) plan services here

Technologies

Our mission is to enhance your quality of life and the health of your business by delivering proactive and effective technology services.

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Vicki Barnes

Director of Payroll Services

Vicki joined Canon Capital in August, 1999 and is responsible for overseeing the daily operations of Payroll Services. Vicki has an Associate’s Degree in Accounting from Montgomery County Community College and has earned the Certified Payroll Professional designation. She is a member of the national American Payroll Association as well the Lehigh Valley Chapter, where she served as Secretary from 2006-2013.  Vicki resides in Sassamansville with her husband and son and enjoys crafts, reading, and kayaking in her free time.

QuickBooks Desktop is Going Away: Now What?

Intuit has recently announced the eventual phasing out of the desktop versions of its QuickBooks accounting software. After July 31, 2024, Intuit will no longer issue new subscriptions to these QuickBooks Desktop products:

  • QuickBooks Desktop Pro Plus
  • QuickBooks Desktop Premier Plus
  • QuickBooks Desktop Mac Plus
  • QuickBooks Desktop Enhanced Payroll

Existing users of these products can continue renewing their subscriptions and will receive support and security updates after July 31, 2024. The final sunset date has not yet been shared by Intuit.

 Why move to QuickBooks Online now?

We recommend you make the move to QuickBooks Online sooner rather than continuing with your Desktop version. The advantages of working in cloud-based accounting software outweigh the learning curve.

Increased efficiency

With available online automated accounting services, the information in QuickBooks Online is timely, accurate, and always at hand. From an accounting perspective, this gives you more time to work on your business and allows your CPA to be involved at a higher level to provide guidance as needed.

Increased protection

Using the online version of QuickBooks gives you greater protection from these cyber threats:

  • Data breaches: older software has inadequate safeguards to detect malicious behavior.
  • Fines and denied insurance claims: Cyber Insurance onboarding questionnaires will ask if you are running any software that would be considered “end of support.” Likewise, government compliance standards all require affirming a statement that you are not running any end-of-life or end-of-support software.
  • Extended downtime: due to lack of vendor support as well as data breach or corruption

A cloud-hosted application like QuickBooks Online will avoid these risks, providing:

  • New features and security enhancements
  • Typically have a 99.8% uptime guarantee
  • Known and consistent costs for budgeting purposes
  • Hardware requirements are minimal.
  • Changes that are spread out over time.

Added Benefits

Making the transition from QuickBooks Desktop to QuickBooks Online is a seamless process. After creating the QuickBooks Online account, your most recent desktop data file would be migrated to the new platform. This process will take approximately 24 hours. It may take more or less time, depending on the size of the file being migrated.

After that, you can start enjoying the benefits of using cloud-based software:

  • Secured Storage that Remains Compliant
  • Access From Anywhere
  • Faster Processing
  • Centralized Tasks
  • Real Time Transactions
  • Integration
  • Access to mobile apps for mileage, expenses, etc.

Where do we go from here?

If you’d like to learn more about using QuickBooks Online, our recent webinar provides greater detail in preparing for this change. We recommend viewing the webinar in its entirety.

One source, many services, the right decision.

If you have questions about next steps or if we can be of service, please contact us online or call 215-723-4881.

Lori Canfield

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.

Copyright

© 2002-2020 Canon Capital Management Group, LLC All rights reserved.

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.

Canon Capital Management Group Names Chuck Porter, Jr., Co-Director of Wealth Management

We proudly announce the promotion of Chuck Porter, Jr., to Co-Director of Wealth Management.

Chuck joined Canon Capital in 2006 and has been working as a Senior Investment Advisor. In 2018, he was admitted to the company as a shareholder.

Chuck will serve alongside Co-Director Patricia Webb in developing strategic initiatives, guiding the delivery of exceptional client service, and fostering continued growth for the Wealth Management unit.

“We couldn’t be more thrilled to welcome Chuck into this new, well-deserved role,” said Webb. “With his exceptional expertise and unwavering commitment to our clients, I am confident that his passion for our company’s success will bring new dimensions to our team and further elevate our standards.”

Porter is an Accredited Investment Fiduciary who earned a degree in Economics with an emphasis in Personal Financial Service from Widener University.  Porter has also earned a Certificate in Financial Management for the Family Office from Pepperdine University’s Graziadio School of Business and Management.

“As I step into this new role, I’m deeply committed to ensuring that our firm is positioned not only for growth but for sustained success over the long haul.  I could not have reached this milestone without the unwavering support and dedication of our remarkable team of advisors and support staff. Together, we are poised to achieve great things, and I’m excited to continue serving you with the same level of commitment and care,” said Porter.  “I also want to assure my clients that this promotion doesn’t equate to a change of advisor for them. I remain dedicated to serving in an advisory capacity, just as before.”