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Complete your tax profile

Payroll setup

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The information you enter in your tax profile allows Wave to calculate your portion of payroll tax liabilities and remind you when tax payments are coming due. You can view this information on the Taxes page.

United States

Canada

United States

  1. On the left-side menu, click Payroll > Run payroll then click the Payroll Setup button.
  2. In the Business section, to the right of Tax profile, click Add details.
  3. Enter your Federal Employer ID Number; your (F)EIN. This number is required if you have employees in the US. Learn how to apply for an EIN.
  4. Click Enter your frequency beside each federal tax. Select a frequency and effective date from the drop-down menus.
  5. If applicable, next to Federal Unemployment Tax, click Enter your settings, select if you are exempt and an effective date.
  6. Next to your state tax account numbers, click Enter your identifier, then enter your State Employer Numbers.

    Ensure the numbers you enter are formatted correctly as the format varies by state. Reach out to your state or refer to any documentation from the state that shows how the number is formatted.

  7. Next to your state taxes, click Enter your rate to fill in your tax rates, select the effective date and, if applicable, select if you are exempt.
  8. Click Save and continue.

Canada

When you set up payroll, you must enter tax details in two sections to complete your tax profile, your Business profile and Tax profile:

  1. On the left-side menu, click Payroll > Run payroll.
  2. In the Business section, next to Business, click Add details.
  3. Enter your business information.

    Click the checkbox beside I applied and am waiting for my Payroll Account Number if you do not have a number yet. You can run payrolls, but Wave cannot remit tax payments or process an ROE until you add this number. When you receive it, update your business tax profile. Learn about applying for a Payroll Account Number.

  4. Click Save and continue.
  5. In the Business section, next to Tax profile, click Add details.
  6. In the dropdown menu, select your payroll remittance deposit frequency.
  7. Click Save and continue.