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Payroll Services

Corporate Payroll Services for All Enterprises

Look no further for corporate payroll services when Diamond Accounts is here. Whether you are a small, mid-sized or large firm we serve all. Leave your stress of creating a new department for Payroll & outsource for a better experience at competitive rates. We assure you that your data will be safe with us. We understand the complexities of the work & have good hand on experience in maintaining payroll, compliance, benefits, taxes & admin as well. We are the shoulder that you can rely on when it comes to payroll management. Do you still need more reasons to give us a call?

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Our payroll service include :

  • Payroll compliance
  • Direct deposit payroll processing
  • Work-safe/WSIB and Health tax filings
  • Annual T4 statements
  • Record of Employment (ROE)
  • Canadian Emergency Wage Subsidy Support

Payroll

Benefits of Choosing Payroll Services

The No. 1 benefit of using a payroll service is that it saves you time, letting you focus on business operations and growth instead of crunching numbers and filing payroll taxes. Here are three other benefits of using a payroll service:

  • Convenience
    • You'll send the provider all of your company's information, and it will handle all the calculations and process your payroll. Many services make it easy to update any information through email or an online portal
  • Accuracy
    • If you're not a trained accountant or bookkeeper, you may struggle to handle your own payroll, and it may take much more time than you'd like to do it right. Payroll firms will process your payroll accurately, and you can rely on them to stay up to date on tax laws.
  • Compliance
    • Payroll firms know all of the state and federal laws and will ensure that you comply with them. This can save you the hassle of legal issues and the associated fees.

F.A.Q

FREQUENTLY ASKED QUESTIONS

Payroll is the procedure taken to pay employees at the end of a payroll period. This method includes multiple steps to ensure that pay is properly calculated, tracked, and doled out and that the correct amounts for tax, company benefits, and other deductions are withheld.

Yes, you do need payroll taxes for one employee. If you're paying yourself a regular salary, you'll need to deduct the correct amount & send payments to the IRS at least every quarter.

A finance or HR staff person can prepare the Payroll Calculation Sheet. If you don't want to hire a staff, you can always outsource the service.

Your manual payroll calculations are based on the pay frequency and their hourly wage. So, for someone who is full time making $11 an hour on a biweekly pay schedule, the calculation would look like this: 40 hours x 2 weeks = 80 hours x $11/hour = $880 (gross regular pay).

While pricing depends on several factors, you can generally expect to pay about $150-$200 per employee per year.

Services

Our Area of Service

Incorporation Registration

Incorporation of the company is the first step and hence we provide innovative solutions to set the stage for your success.

Accounting

We do more than Accounting. We take a comprehensive assessment of your finances and create a forecast through the year to keep your business in a healthy and prosperous state.

Tax Filing

Whether it’s business, personal tax return filing or GST/HST filings we provide you with full support to make tax season as easy as possible

Bookkeeping

While you look at the bigger picture, we focus on details. Hire us and never miss any financial detail.

Payroll

Payroll can be complicated but working with your payroll provider shouldn’t be. Outsource your payroll today!