How much does Wave's payroll subscription cost?
For details of Wave’s payroll subscription fees, see How much does Wave’s payroll subscription cost?
Is there a free trial period for Wave’s payroll feature?
Wave’s payroll feature offers a 30-day free trial. The trial period begins on the day you approve your first payroll and will end after 30 days, or when you activate your subscription by entering your credit card information.
Once the trial is complete, you must have an active or limited access subscription to continue to run payroll and access payroll tax documents.
What is tax service?
If your business is in the US, Wave handles the payment and filing of federal and state taxes on your behalf. This service is available for businesses in fourteen states. Learn more about Payroll tax payments and filings with Wave.
If your business is in Canada and you use direct deposit, Wave automatically handles your tax remittances to the CRA. Learn more about Payroll tax services in Canada.
How does Wave calculate payroll taxes?
To learn about Wave’s payroll accuracy guarantee, and how Wave calculates your taxes, see Payroll accuracy guarantee: How your taxes are calculated.
When does Wave make payroll tax payments?
If you’ve authorized Wave to make payroll tax payments on your behalf, a payment will be made on the due date. When Wave makes a withdrawal, you can track them on your Payroll transactions page. To view this page, on the left-side menu, click Payroll > Payroll transactions. For steps to view all your payroll tax liabilities and due dates, see Track your payroll tax liabilities and payments.
Does Wave offer workers' compensation insurance?
Yes. Wave offers workers’ compensation insurance through Next Insurance.
How do I import my previous payroll history?
You can import payroll history into Wave during setup or later through the Settings section. You can’t import payroll history after your first payroll has been approved in Wave. Learn how to enter payroll history.
Can I pay myself with Wave?
You can add yourself as an employee if your business is incorporated, however, Wave recommends speaking with your accountant to understand the tax implications of paying yourself as an employee.
Can I pay contractors?
Yes, you can pay independent contractors. At the end of the year, with an active payroll subscription, you can generate year-end tax forms to distribute to eligible contractors.
Can I contribute to a retirement account?
You can add benefits to and deduct from an employee’s pay for several reasons. To see a full list of available benefits and deductions, if your business is in the US, see [US] Types of payroll benefits and deductions. If your business is in Canada, see [Canada] Types of payroll benefits and deductions.
How can employees view their pay stubs?
If you invite your employees to Wave, they can view their paystubs and payroll information through their own Personal profile. Or, you can print paystubs from the Approved Payrolls section within your Wave account. Learn how to print a paystub in View and download employees’ past pay information.
Where can I find payroll billing information?
For billing details, scroll down to the FAQ section in Cancel or reactivate your payroll account.
How do payroll transaction descriptions appear on bank statements?
For your payroll subscription fee, the bank statement will show "WAVE PAYROLL FEES."
For payroll withdrawals, your bank statement will show "WAVE PAYROLL" in some format, depending on your bank.
For employee payroll deposits, the description will also show "WAVE PAYROLL," though it may vary slightly depending on the employee’s bank.
Wave is unable to make changes to payroll billing descriptors.
Is payroll available in Quebec, Canada?
Wave does not support payroll for businesses or employees located in Quebec. In Quebec, employers must remit taxes to Revenu Quebec, while Wave only remits taxes to the Canada Revenue Agency (CRA).
Does Wave have a time-tracking feature?
Wave doesn’t support time tracking for payroll. However, you can integrate third-party time tracking applications using Zapier. Learn how to integrate Wave with other apps using Zapier.
Can I access payroll in the mobile app?
Wave’s payroll feature is not available in the mobile app. Log in to waveapps.com to access payroll.