You’ll need to answer a few questions about your business and provide us with a little more information about yourself in order what does capitalizing assets mean chron com to get approved to accept online payments. Wave Payroll supports paying both employees and independent contractors when you run payroll. The proper tax forms—1099 in the US and T4-A in Canada—are also generated for you. Upon processing your first payroll, you can use Wave Payroll for up to 30 days, commitment-free. At any time, you can activate to start your billing cycle and gain access to items like tax filing and approving payrolls beyond the current month. See our full US terms here, and our full Canadian terms here.
It’s helping me run my business and not worry about payroll. The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation. However, any business looking to offer healthcare options, a 401(k), or that needs to send garnishments will find Wave Payroll lacking. And if you have more than 20 employees, Wave Payroll isn’t your best choice. Businesses that use Wave Payroll are generally happy about their experience.
Comparison Between Wave Payroll and TriNet Zenefits:
Wave Payroll is a simple payroll solution for small businesses needing basic payroll features, such as direct deposit, deductions, check-printing, and much more. Wave Payroll’s seamless integration with Wave Accounting makes it one of the best payroll software options for businesses in need of a combined accounting and payroll solution. Wave’s tax-service (aka full-service) plan adds automatic payroll tax filing to its list of software tasks. You won’t have to worry about calculating payroll taxes correctly or about filing them on time—Wave Payroll does it for you. However, that’s the only difference between it and Wave’s self-service payroll option.
Tax Support
We also look for the presence of client and employee portals, benefits administration, PTO and time management tools, and many more vital features. Wave Payroll is a cloud-based software that helps small businesses run payroll and calculate and file payroll taxes. While it offers a reasonably priced option for small businesses, it is lacking in some features compared to competitors and only offers tax filing services in 14 states. Wave Payroll lets businesses manage payroll, employee deductions and taxes all in one platform. Employers can run payroll for employees and contractors, connect their accounts with Wave Accounting and let Wave file their payroll taxes for them in some states.
- They’ve also commented on the automatic generation of tax forms being a handy feature.
- Its full-service model is a definite rival of Intuit QuickBooks, but Wave offers a more modern and basic interface at a cheaper price point.
- “It’s not just a cool piece of software, it is giving peace of mind to people.” You deserve to know your taxes aren’t something you have to sweat over the entire calendar year.”
- Our servers are protected physically and electronically.
What does Wave Payroll cost?
Our payroll software is seamlessly connected with the rest of your Wave account to reduce the time you spend on manual bookkeeping. Deposit payments quickly, reliably, and directly into your employees’ bank accounts. No worries—just check out our list of the year’s best payroll companies for small businesses. Unfortunately, Wave Payroll doesn’t offer a mobile app. (Neither does Wave Accounting, which you can use via a browser only.) Honestly, few payroll companies have solid employer-facing payroll apps — it’s just a shame Wave Payroll isn’t one of them.
Wave Payroll plans and pricing
Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. Merchant Maverick’s ratings are not influenced by affiliate partnerships.
Refer to our Advertising Disclosure to learn more about how we earn compensation from affiliate partnerships and how we maintain our independent editorial integrity. Wave Payroll doesn’t publish a list of its integrations but does integrate with Google Sheets and Zapier, which functions as a bridge to over 1,000 applications. It also has an open API and, of course, integration with native Wave software. Wave Payroll earned a solid 4.1/5 stars in the review category, as users generally approve of the software. There are currently 13 different reports available, and only two are specific to payroll. However, if you’re already familiar with Wave Accounting, Wave Payroll’s cloud-based system will seem familiar and easy to get used to.
Wave Payroll is cloud-based payroll software designed to help small business owners simplify and automate payroll processes while remaining compliant with taxes and deductions. This is an additional service that is only available in the U.S. and Canada. Compared to other payroll software, Wave Payroll offers a very limited feature set, which ultimately drove the software’s feature rating down to a 3.2/5 stars.
