It also lets you pay international contractors and automatically files and pays payroll taxes in all 50 states. Plans start at $40 per month with an additional $6 per month for each paid employee. OnPay Payroll offers features to help small businesses, including paying employees through multiple methods, custom reporting options and free payroll management for multiple-state processing. It also makes state and federal payroll tax payments and files taxes for you and integrates with other software options, including QuickBooks and Xero. The software only has one plan at $40 per month with an additional $6 per month per paid employee. When rating payroll software, we are looking for very specific qualities.
Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money management tools. These 14 states include tax services with the option to automatically transfer tax payments and file the paperwork with your state tax office and the IRS (this excludes 1099 Filings). Doing payroll manually involves confusing and time-consuming calculations. Not to mention the stress of worrying about making errors and winding up in a tax audit (yikes!).Payroll software saves you time so you can focus on the best parts of running your business.
Customers like Wave Payroll’s simple interface and say it’s easy for those without accounting experience to run payroll. They’ve also commented on the automatic generation of tax forms making sense of deferred tax assets and liabilities being a handy feature. Approval to use online payments is subject to eligibility criteria, including identity verification and credit review.
Automated, accurate payroll helps you stay compliant, save time, and be stress-free. A complete review of Wave Payroll, including pricing, comparisons to competitors, key information, and FAQs. Let us know how well the content on this page solved your problem today.
We research, evaluate, and test each payroll software app that we review at Merchant Maverick, placing special emphasis on key characteristics to generate granular ratings. Wave Payroll doesn’t offer much for benefits administration; you won’t be able to handle anything beyond worker’s compensation benefits through Next Insurance within the platform. Wave Payroll offers all the basic features necessary to run payroll but not much else. Visit your dashboard or use your invoicing or accounting features, and click the peach “Upgrade now” button. Learn more about changing subscription periods and plan types, and how to cancel your Pro subscription in our Help Centre. Your employees can log into Wave securely to access their pay stubs and T4s, and manage their contact and banking information.
TriNet Zenefits is also more affordable than Wave Payroll, with a monthly price of $10.00 +$6.00 per employee per month. SurePayroll is an affordable and straightforward payroll software that offers automatic payroll runs, tax filing, and exceptional customer service. With a starting price of $40.00 per month +$6.00 per employee per month, Gusto is the costlier option compared to Wave’s price of $20.00 +$6.00 per employee per month. Of the two platforms, only Gusto features multi-state payroll functions, automatic net-to-gross calculations, and lifetime accounts for employees. However, that’s not to say that Wave Payroll is bad payroll software.
It also provides employees with a portal to access and update their information. More specifically, Wave Payments pricing starts at 2.9% + $0.60 per credit card transaction and 1% per transaction for AHC payments. If your business needs tax, bookkeeping, or accounting advisory services, Wave Advisor will provide them at a starting price of $149/month.
Gusto’s payroll software offers small businesses features for managing employee pay and more. Its plans offer a variety of features that let you pick what you need to support your business. Not only does it sync with other Gusto applications, but it also works with third-party applications, including QuickBooks and Xero.
You can’t call Wave for help, which is frustrating. Instead, you can access Wave customer service only online, either by submitting a request on the Wave site or pressing the “help” button on your Wave account. Wave Payroll also lacks benefits add-ons beyond workers compensation packages. Gusto, for instance, offers not only workers compensation plans but also health benefits administration and other employee benefits add-ons.
