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Review the terms of service and check "I agree to the Wave Payroll Direct Deposit Terms of Service, " and click the Apply for Direct Deposit Now button. Wave will ask for your business information, including your business type, average monthly payroll cost, the date your business started, your address, your website and your phone number. If you've already shared any of this with Wave, it'll already be filled out. Enter this information and click Save and Continue to Owner Information. Wave will ask for your personal information, including your first and last name, job title, Social Security number or Social Insurance number, date of birth and home address. Enter this information and click Save and Continue to Identity Verification. Why do we ask for these details? When we move money for our customers, Wave is legally obligated to collect certain information about the businesses using our services, in order to keep our services and our partners secure, and to combat fraud and money laundering.
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Information we collect includes details about your business (like the legal name of the business entity) and information about you personally (like Social Security number). This is an industry-standard obligation. Depending on where your business is based, Wave may ask you to answer some more questions to complete your application. Next, Wave needs to verify your identity with a piece of government-issued identification (such as a passport or driver's license). Click Begin Verification to start. Choose the country that issued the ID and the type of ID you are presenting. Wave will give you the option to take a picture of your ID using your webcam, or upload an existing image or scan of your ID. Click on either Use webcam to scan a document or Upload an existing document, depending on your preference. If you're using a webcam, Wave will open your webcam and allow you to take the picture. If you're uploading an existing image, click Choose file and find the document. Click Continue to upload.
The price of a new payroll subscription, including automated tax payments and filings is: $35 monthly base fee If you're doing business in one of our tax service states (Arizona, California, Florida, Georgia, Illinois, Indiana, Minnesota, New York, North Carolina, Tennessee, Texas, Virginia, Washington and Wisconsin), you will automatically opt into our Tax Service plan. If you wish to use our self-service option, however, you will be able to opt out of automatic tax services (should you choose to opt out, the full base fee of $35 will still apply). You can find out more about Tax Service here! Canada The price of a new payroll subscription is: This includes direct deposit to your employees, automatic remittances to the CRA, preparation of ROEs when you off-board an employee and T4s at year-end. How to add additional employees You already added one employee when you first set Payroll up, but you can add as many as you like. From the Payroll page, click on the Employees section in the left navigation bar.
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To get the ball rolling, Wave will ask you to enter information about just one employee, including their first and last name, address, date of hire and salary. If you have more than one employee, you'll add the others later. Once you have entered this information, click Save and continue. How to apply for direct deposit (optional) Direct deposit for your employees is included in your Payroll fees at no additional charge. You'll save time, and your employees will appreciate instant access to cash instead of having to go to the bank with a check and wait for it to clear. Since the approval process for direct deposit involves you, your bank, your employee's bank, and Wave, the process can take 4-6 business days. So apply for direct deposit well before your next payroll date. If you don't have enough time, you'll want to issue checks for your first payroll, and then switch to direct deposit afterward. Here's how to apply for direct deposit: On your Payroll dashboard, in the direct deposit section, click Set it up.
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Once your identity has been verified, Wave will ask you for your banking information, including your branch number, institution number, account number and account type. (If you don't know where to find this information, don't worry — Wave will show you). Enter this information and click Save and Continue to Bank Connection. Click the Submit Application button. The Wave team will review your application, and you'll hear back in 4-6 business days. How much will Payroll cost? United States The price of your subscription will depend on whether you have enrolled in our self-service plan or automatic Tax Service plan which is offered in Arizona, California, Florida, Georgia, Illinois, Indiana, Minnesota, New York, North Carolina, Tennessee, Texas, Virginia, Washington and Wisconsin. The price of a new subscription for self-service payroll: $20 monthly base fee $6 per active employee $6 per contractor paid This includes direct deposit to your employees, W2/W3and 1099-MISC generation at year-end as well as automatic tax payment reminders.
OFFICE OF THE COMPTROLLER OF THE COMMONWEALTH William McNamara, Comptroller of the Commonwealth One Ashburton Place, 9th Floor, Boston MA 02108 For your protection, please do not email personal information (e. g. Social Security Number, Bank Account Number, Passwords). For assistance, please call us at (617) 727-5000