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Updated: August 18, 2023
When outsiders think of Wyoming, they probably envision everyone wearing cowboy hats riding around on horseback in Yellowstone. Well, that one space cowboy does spend a whole lot of time in Jackson. But you know full well Wyoming is a lot more than just Harrison Ford pretending to be a cowboy. It’s your own slice of paradise that big city dwellers seek out in order to get away from their daily grind. You enjoy the outdoor life in Wyoming, and that’s why you opened a small business here. However, there’s one thing that certainly doesn’t qualify for paradise life: payroll taxes. But hey, at least Wyoming doesn’t charge a state income tax, right?
We designed a payroll calculator with you in mind. The calculator simplifies the payroll process, so you can spend more time hanging out and less time stressing out. Simply enter wage and W-4 information for each employee, and our calculator will process your gross pay, net pay, and any federal deductions.
First and foremost, let’s walk through a summary of federal payroll taxes that all of your employees have to pay, no matter which state they live in. If you would like to see each step in detail, check out the step-by-step guide that we created just for you.
None! Nada! Zilch! The Cowboy State has no state income taxes. But you knew this already.
As an employer, you have to pay the state’s unemployment insurance. For 2023, Wyoming unemployment insurance rates range from 0.09% to 8.5% with a taxable wage base of up to $29,100.00 per employee per year.
If you’re starting a new small business (congratulations!), new employer rates range from 0.9% to 8.5% depending on your industry. Call the unemployment tax division at (307) 235-3217 to get your exact rate.
You’re almost at the finish line! Calculate each employee’s net pay, cut those checks (or transfer those direct deposits, whatever suits your employees’ fancy), and make sure you have enough left in your own account to cover FICA and UI taxes.
You will need to use Form 941 to file federal taxes quarterly, and Form 940 to report your annual FUTA tax. You can pay taxes online using the EFTPS payment system. More details about employment tax due dates can be found here.
If you’re looking for more information, here are a couple of resources that we think can help you understand Wyoming payroll a little better:
Wyoming Department of Revenue | Contact Information
Wyoming Department of Workforce Services (307) 235-3217 | Register Your Business | Unemployment Insurance Tax Forms | More Information on Unemployment Insurance
Wyoming employers can quickly calculate their employees’ gross pay, net pay, and deductions using the payroll calculator at the top of this page. But sometimes, businesses have to do a little more math to make sure employees get paid correctly. For example, do your customers sometimes leave tips for your employees? Keep in mind that you are responsible for withholding taxes from your workers’ paychecks based on the tips they receive. Furthermore, if an employee leaves for another company, you’ll need to calculate their final pay. So, if you need a little more help with the number-crunching, check out some of the calculators below.
Try OnPay out yourself to see how easy payroll and HR can be. To get started, just share a few basic details about your business. Our team of pros will set everything up and import your employees’ information for you.