thread Re: Square Payroll Payout Dividends in Archived Discussions (Read Only)

Square Payroll Payout Dividends

losthawkgsw — Tue, 05 Feb 2019 22:46:41 GMT

I have an s-corp that pays out a salary and some dividends for whatever remains. Does square payroll provide functionality for this?

Have not found an answer for this anywhere.

Re: Square Payroll Payout Dividends

VanKalkerFarms — Wed, 06 Feb 2019 13:44:41 GMT

your best bet would be to ask Square Payroll directly.

Re: Square Payroll Payout Dividends

Helen — Wed, 06 Feb 2019 23:04:39 GMT

Hey @losthawkgsw! As VanKalkerFarms mentioned you contact the Payroll team or call our Customer Success team and speak to a Payroll specialist if you have specific questions about your account.

As you mentioned you have an S-corp I also wanted to point you to the Year-End Information in our Support Center, and add that if you do choose to use Squre Payroll as an S-corp, Square Payroll will send you an email (around December) asking if you withheld/paid into an S-corp Medical Insurance Plan. At this time it’s not a benefit that you can track through our system but we do it manually for you at the end of year.