Wave Payroll ensures precision while conserving your precious time, making it the effortless solution for compensating employees, contractors, and yourself, specifically designed for the unique requirements of small business owners. You can efficiently pay both independent contractors and employees, as well as generate essential W2 and 1099 forms in preparation for tax season. With the capability to deposit payments directly into your employees' bank accounts quickly and securely, it reduces your workload significantly, much to your team's appreciation. Additionally, Wave’s comprehensive payroll tax service can take care of automatically paying and filing state and federal payroll taxes for businesses located in states like AZ, CA, FL, GA, IL, IN, MN, NY, NC, TN, TX, VA, WA, and WI, with plans to expand to more states in the future. The payroll software from Wave is fully integrated with your existing Wave account, minimizing the hours spent on manual bookkeeping tasks. Employees can safely log into Wave to view their pay stubs, W2s, and manage their contact and banking details. You only pay for what you utilize, streamlining your annual audits with a workers' compensation system tailored for small businesses. Moreover, this user-friendly platform not only simplifies payroll management but also contributes to the overall efficiency of your business operations.