Wave Accounting Software Review

Payroll Tax Payments And Filings With Wave

Alternatively, you may click to refuse to consent or access more detailed information. As a business owner, you always want your payroll-related questions answered as soon as possible. This is an area where Wave Payroll can improve a lot by using phone support with customer care agents just a phone call away. Wave Payroll offers 24/7 live chat support and email support for its customers. It also has a blog to help you answer questions and solve your problems with step-by-step guides.

Wave Payroll Review: Cost, Features, Alternatives – NerdWallet

Wave Payroll Review: Cost, Features, Alternatives.

Posted: Mon, 07 Mar 2022 08:00:00 GMT [source]

For support, they offer customers the opportunity to submit a support ticket, chatbot, live chat, and a help center with articles and tutorials. To recruit and retain top talent, employees’ total compensation packages — Payroll Tax Payments And Filings With Wave a large percentage of which may be base pay — need to be competitive yet also reasonable and fair. Working with an expert payroll provider can also help you pay your workforce accurately and on time, every pay period.

Eliminate the hassle and compliance liability of payroll tax processing with FlexTax.

Republic Bank & Trust Company, Member FDIC. Netspend, a Global Payments company, is a registered agent of Republic Bank & Trust Company. Use of the Card Account is subject to activation, ID verification and funds availability. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. Any penalties owed are calculated based on the amount of tax you owe and the length of time that it’s unpaid.

  • Square works for both salaried and hourly employees and contractors, however, you don’t have to pay a base fee if you buy the contractor-only plan.
  • The secure, easy-to-navigate portal displays real-time status of all your tax filing reports for Federal, State, and local municipalities.
  • In Indiana, employers can be fined $25 per incident; in Pennsylvania it can be $1,000 per failure.
  • For hourly workers, you can use the timesheets to enter their hours worked, overtime, and PTO information.
  • Wave Payroll users must submit payroll at least four business days before their employees and contractors are due to be paid.

Base compensation is most often expressed as an hourly rate, monthly income, or annual salary. It doesn’t include benefits or additional earnings, such as commission, tips, overtime pay, or bonuses.

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He’s written for various tech publications and has reviewed quite a lot of software over his career. When he’s not writing, he’s probably on horseback, caring for his houseplants, or training Bonsai trees. When adding new employees into Wave Payroll, you can specify the vacation accrual rate percentage and whether or not you want it to compute the leave credits. If resigning employees are nearing their last working day, you can start the offboarding process directly from Wave Payroll’s employee module.

  • Customers in the other 36 states are consigned to Wave Payroll’s self-service package by default and must handle payroll taxes by themselves.
  • If you’re not in one of those states, the site still tells you what’s due, but you have to actually do the filing and make the payments yourself.
  • If you think it’s a good fit, you can sign up for it by paying a very reasonable monthly fee.
  • Wave Payroll has an online wizard to help you through the initial setup process.
  • Penalty waivers are usually limited to periods originally filed in a timely manner.

Should you need help along the way, chat, phone, and email help are available, as is a 30-day free trial. If you haven’t already entered all of this information, you can do so when you process the payroll.


We compared Wave Payroll against several payroll systems and found it a good option for very small businesses with simple payroll needs. The tool lets you run payroll in a matter of minutes and provides you with the information you need for filing taxes—or, if you are in one of the 14 states it services, it files them for you. It has an employee portal for viewing pay stubs and tax forms . Wave Payroll is a highly intuitive payroll software add-on to Wave’s free accounting system. Best suited for small businesses, it lets you pay employees and contractors, offers workers’ compensation insurance, and has an employee portal. It’s quick to set up and easy to use but files taxes only for 14 states and has limited HR features. Nanny payroll solutions offer various plans that consist of full service or self-service options.

  • Wave Payroll is a great choice for small business owners who don’t have a lot of experience with running payroll.
  • While some employees receive a base annual salary distributed across pay periods, others may receive base compensation paid as an hourly wage.
  • Employees can access their documents and update their information directly through the portal.
  • The total cost of running payroll with Wave depends on your state, whether you choose auto tax filing, and the number of employees you have.
  • We offer complete tax, pay, and file services through our full-service PayTax Plus solution.

With this in mind, base pay may only be one part of an employee’s total compensation. Cost is often a determining factor when considering whether outsourcing payroll is the right decision for your business. On one hand, you may feel that your business can’t absorb the added cost of paying someone else to manage payroll. On the other hand, handling payroll on your own can be time-consuming and expose your company to unnecessary risks. Luckily, there are many cost-effective payroll options built specifically for small businesses.

Check whether your circumstances could entitle you to abatement. However, if your only reason for not paying is that you don’t have sufficient funds, the IRS will not waive penalties because they hold you responsible for setting money aside for taxes. However, they may consider waiving penalties if you have been unemployed. Due to its simplicity, Simple Nanny doesn’t offer an extensive knowledge base or customer support by phone. Although Payroll4Free.com doesn’t provide many online resources, you can call or email the company for U.S.-based support. Wave Payroll offers all the basic features necessary to run payroll but not much else.

What bank does Wave use?

Wave is not a bank, but we are a banking alternative. We partner with Community Federal Savings Bank (CFSB) to issue the Wave Visa® Business Debit Card. CFSB holds all Wave Money account deposits.

PayTax Plus leaves the complete service of payroll taxes processing to us. We offer complete tax, pay, and file services through our full-service PayTax Plus solution. Our web-based tax system includes 24/7 online access to tax liabilities, deposits, tax notices, and more. FlexTax software is an innovative concept in payroll tax processing that allows you access to a comprehensive online system and gives you the flexibility and benefits of in-house payroll tax processing.

Wave Payroll at a Glance

For example, there are timesheets available, but you have to manually add hours worked. This may work well if you have few hourly workers, but it could end up being https://www.wave-accounting.net/ a big time sink if you have a larger staff. If your employees prefer to get paid via direct deposit, they should receive money three days after you process payroll.