Payroll & Employees Technical Support
Discussion List
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I'm hoping someone can help me in determining how to account for tax withholding. Are Federal, state, and payroll taxes in the US accounted for as a liability? If yes, how do I show that the liability has been paid? Thank you for any help!
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I do not use bills. I simply make payments to my vendors/contractors and verify the transactions imported later. Now the "Line 7" box in the 1099-Misc Form preview shows "0", and from what I understood I have to create bills and mark them paid to have this field properly reflecting what was paid to the vendors/contractors. Is t…
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I see two deadlines in Wave for filing 1099-Misc forms with the IRS. One is January 25th the other is January 27. I filed today and my dashboard shows e-filing in progress. I think I am ok but would like to be sure. Also, does anyone know how long the e-filing process takes for these forms?
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Good morning, Does Wave Payroll have the capacity to process payroll for multiple sates, under one company? We have employees in IL, TX and OR. Thanks!
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How to set up information for new employee who has multiple jobs?
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Hi there, I have one contractor I paid less than $2k to, over 3 payments in 2019. I used Venmo as that's what we agreed. I have no employees and one contractor. Now I need to generate my 1099 for her, so I've upgraded to a paid Wave account with Payroll. I've marked the 3 payments as Gross Payroll, and allocated the payment source as my Biz Checki…
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I am using Wave Payroll for my Ontario-based Canadian corporation. All of our employees are paid salary, on a monthly basis. The annual salary for each employee is entered under "Salary" in the Payroll section. The salary amounts are entered as annual amounts -- not an hourly rate. There is a required field, "Average Hours per week…
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I have noticed that our provincial and federal tax rates for payroll (CPP, EI..etc) have changed for the year 2020. Does Wave automatically update those rates?
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I was just notified by the FL Dept of Revenue that a member of an LLC is exempt from Workers Reemployment Tax. There is no FL-DOR exemption option for an employee, This results in state taxes being overpaid.
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For a couple payroll periods, I was mistakenly withholding state and local taxes from my employees. I never sent that amount to the state. How do I correct that in Wave so that the employee's W-2 will show $0 withheld for state and local taxes?
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My payroll is set to twice a month and I add 5 days to default payday like below. If pay a contractor before the 20th will it be added to that payroll or will they have to wait for the 5th to get paid?
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Is there a way to backdate a payroll? We need to show an employee made a lump sum amount in 2018 and have wave remit the taxes before January 15th remittance
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We don't have a set pay schedule for most of our employees and contractors. I need to run payroll manually. How do I do manually run payroll for each employee?
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How do I have multiple pay rates per employee? An employee may work 10 hours as a dishwasher at $8 per hour and 15 hours as a server at $4 per hour. Then at the $4 per hour rate they are provided tips which need included for tax purposes. Is there a way to include all this for payroll. I'm switching over from quickbooks. Thanks!
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Hello, Wave just updated, and now my payroll journal is doubling the payroll liabilities. Scenario: Run Payroll Creates Journal Entries One of the Journal Entries is a Payroll Liability Credit (Total net pay owing to employees) Let's say $5000 Additional Payroll Liability is created 'Payroll period ending' Withdrawing from 'Cash on Hand' fo…
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I have my own company and i am an W2 employee of that company. However, i don't have constant work. I may go 3 months with out any jobs. Then the next month have 3 Different jobs. What is the best way to run payroll efficiently? Pick a low salary so i can get a check every month? That would also mean paying $4 every month + $35. Is it possible to …
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I have contractors that I pay by creating a 'bill' from a 'vendor' in Wave. In this bill, I report what I owe to the contractor for services rendered, and I also report and reimbursements I need to pay out to that contractor for instances where, for example, the contractor had to get something from Home Depot on my behalf but he used his personal …
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How to enter amount in 1099 of an employee I paid through Zelle? When I go to generate I see Zero, but under "See contractor payments" I see the amount I paid. How to generate a 1099 with this information
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In the middle of the year, we switched from WF payroll service to ADP. After ADP payroll started Journal Entry (JE) created (For WF not created) Bank import transactions ADP has withdrawn (Wage pay and Tax) categorized to "Payroll Liabilities" to match to JE. So what category Wells Fargo withdrew transactions (Wage pay and Tax) belon…
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the employee will pay it back in few months , FYI
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since IRS does not recognize taxes being paid by LLC the salary paid to the Officer would result in overpayment of all payroll taxes and they would have to be adjusted at year end or as soon as adjustments can be made within the same period before the monthly or quarterly payroll taxes payments are made, right?
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We started on wave payroll midway through the year. Despite importing our previous months numbers before starting our first payroll on wave, it seems like wave payroll doesn't adjust for changes to salaries correctly going forward. It merely calculates the monthly totals for new salary figures as if it were salary/12. Support has confirmed this.…
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Hello, we have a new small LLC. We're wanting to track time of our employees, but we're not doing payroll just yet (we all have other jobs... this is a new venture that no one is currently getting paid for). Is it possible to have the option of keeping a timesheet but not having to use the payroll plan? Thanks!
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If I paid $680 a week, and after the deductions it's $520, why does the $680 get withdrawn from my acc? That $160 does that get returned to me? If so when? New to this
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I am in the US and signed up for Payroll, Direct Deposit and Automated Tax Payments. I noticed that automated transactions are created as a Journal Entry when Payroll is approved, and an automated Expense Entry is created when my employees are paid via direct deposit. However there is no automated Expense Entry when Wave pays my Payroll Taxes both…
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How. Long does it take to payment
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Hi. Stuart here. Can some one please explain how to use wave to record paying myself. I am a sole trader and take a set amount every month but am not sure how to record it in wave.? Thanks.
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Wave, I changed my direct deposit information on Wave and was subsequently paid 2 days later. I see the pay stub on Wave but there was no payment to my bank account. Can you please assist?
