Tax Documents and Reporting
TheJigsaw
Member Posts: 1
Does anyone here know if Wave reports earnings or sends out tax related documents to either IRS or business owner?
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TheJigsaw
Member Posts: 1
Does anyone here know if Wave reports earnings or sends out tax related documents to either IRS or business owner?
Comments
TheJigsaw,
Thought I take a stab at the answer. If you are in a self service state then Wave will compute the payroll but you would be responsible for remitting payments and filing forms with the IRS and state. These would include the 941 (quarterly) 940 (annual) W-3 (annual) and W-2 (annual). In addition you have the state withholding and state unemployment reports. I believe they will provide reports to assist in the preparation.
If you are in Wave service state then it appears they handle everything. Below is a link to the payroll service.
https://www.waveapps.com/payroll
Mike G, CPA
www.mgfinancial.net
Affordable Solutions
accounting/payroll/tax