Obligatory beekeeper comment: please avoid the use of pesticides. Bees (and other beneficial insects) are having a tough time as it is.
We use dish soap and water. It kills them quick and if you use a few applications it will be all over. If they are nesting in the ground, just dump a bunch of diluted soap in the hole.
Next year shortly after the start of spring put out some traps with a pheromone and some water in them. You will catch any queens that happen to be flying around and completely avoid the full blown nests that they develop.
Hello, fellow beekeeper! Quick hijack: if bees have swarmed under an old shed, will putting an empty hive near their entrance entice them? Not sure what to do with that swarm....been 4 days now and not sure how far into that run down shed sub floor they are.
For the wasps: I'm surprised nobody is meat/fruit baiting. Granted, it's not exactly cheap. But easy and effective.
On the little hanging traps you add water/attractant to it tells you which time of year fruit (now thru fall? I forget.) works best....but my experience is they will ALWAYS go for meat.
I buy the 3pack of turkey bacon when Costco has it on sale. I get a bucket and find a thin piece of wood that will lie across the top of it. Twirl the bacon around the wood like stripes on an old barber pole: I overlap them so the entire stick is very covered in meat. If you're in a windy area you can put clothespins on either side of the meat stick to hold it in place.
Half fill the bucket with water and add a lot of dish soap to it.
The wasps will gorge on the meat until they fall into the soapy water, and drown. I've caught thousands this way. A beekeeper I know buys almost out of date raw chicken parts and does this....very, very effective in killing wasps.
If you've already bought those pricey traps (some years the attractant doesn't seem to attract), just stuff a piece of meat in there...that works as well, although then I throw them out due to smell after the wasps all die in there with the rotting meat. You can also bait with fruit.
For the ground wasps...I'd pour diatomaceous earth into the openings. It cuts their exoskeleton and they desiccate and die.