Wave Payroll Pricing & Plans (2024 Guide)
Wave Payroll offers a seamless payroll experience for small businesses. Its intuitive design and comprehensive features make it a valuable tool for managing payroll efficiently. Perfect for those seeking affordability and ease of use.
- Easy to use interface.
- Affordable for small businesses.
- Comprehensive payroll features.
- Limited integrations available.
- Not suitable for large enterprises.
Free plan?
YesStarting price
$20 per monthWhat is Wave Payroll?
How Much Does Wave Payroll Cost?
Wave Payroll offers a variety of pricing plans to cater to different business needs. Below is a detailed breakdown of Wave Payroll’s plans, highlighting their key features for different business requirements.
Wave Payroll Pricing Plans
- Generate W2 and 1099 forms for tax season.
- Access to employee portal for pay stubs and tax forms.
- Seamless integration with Wave Accounting software.
- Track leave time and accruals for payroll processing.
- Unlimited free direct deposits for employees.
- Priority customer support via live chat.
- Automatic payroll journal entries for bookkeeping.
- Workers' comp integration for small business owners.
Wave Payroll Pricing Plans in Detail
Self-Service States Plan
The Self-Service States Plan is designed for small businesses that prefer to handle their own payroll tax payments and filings. It offers essential features like payroll processing for employees and contractors, integration with Wave Accounting, and access to an employee portal. This plan is ideal for businesses operating in states where Wave does not provide automatic tax services, allowing them to manage payroll efficiently and accurately.
Tax Service States Plan
The Tax Service States Plan provides comprehensive payroll solutions for small businesses in 14 states with automatic tax payment and filing services. It includes all features of the Self-Service States Plan, plus additional benefits like unlimited direct deposits, priority customer support, and workers' comp integration. This plan ensures compliance and reduces the administrative burden of managing payroll taxes, making it a valuable choice for businesses in eligible states.
Top Wave Payroll Features
Automated Tax Calculations
Imagine not having to worry about tax calculations every payroll cycle. With Wave Payroll, you can breathe easy as it automatically calculates federal, state, and local taxes for you. I found this feature incredibly helpful, as it saved me time and reduced the risk of errors. You’ll appreciate how it simplifies the payroll process, allowing you to focus on other important aspects of your business.
Direct Deposit
Direct deposit is a game-changer for payroll management. With Wave Payroll, you can set up direct deposits for your employees, ensuring they get paid on time, every time. I loved how easy it was to set up and manage, and you’ll find it enhances employee satisfaction by providing a reliable and efficient payment method. It’s a feature that truly adds value to your payroll process.
Employee Self-Service Portal
The employee self-service portal is a fantastic feature that empowers your team. With Wave Payroll, employees can access their pay stubs, tax forms, and personal information anytime, anywhere. I found this feature particularly useful as it reduces administrative tasks and improves transparency. You’ll appreciate how it fosters a sense of independence among employees, making payroll management smoother for everyone involved.
Who Is Wave Payroll Best For?
Wave Payroll is perfect for small businesses seeking to streamline their payroll processes. With features like automated tax calculations and direct deposit, it enhances efficiency and accuracy, making it an ideal choice for businesses looking to simplify payroll management without breaking the bank.
- Ideal for small businesses.
Wave Payroll is tailored for small businesses that need a straightforward and efficient payroll solution. Its user-friendly interface and affordable pricing make it a great fit for businesses that want to manage payroll without the complexity of larger systems.
- Perfect for budget-conscious teams.
Wave Payroll provides essential payroll features at a cost-effective price, making it ideal for teams looking to optimize payroll management without overspending. Its affordability and ease of use are perfect for businesses on a tight budget.
- Great for startups.
Startups can benefit from Wave Payroll’s simplicity and affordability. It offers essential payroll features that help new businesses manage their payroll efficiently, allowing them to focus on growth and development without worrying about payroll complexities.
Frequently Asked Questions
What are the pricing plans for Wave Payroll?
Does Wave Payroll offer a free trial?
Are there any hidden fees with Wave Payroll?
Can I upgrade or downgrade my Wave Payroll plan?
Is there customer support available for Wave Payroll users?
Martin Lunendonk
Martin Lunendonk is a senior tech writer specializing in website builders, web hosting, and ecommerce platforms. With a background in finance, accounting, and philosophy, he has founded multiple tech startups and worked in medium to large tech companies and investment banking, bringing deep expertise and reliable insights to his software reviews.
