Does square payroll support payroll deductions paid to NYS Secure Choice Savings Program?

Beginning next year, NYS employers must offer this (within guidelines) toallemployess. Yes, we can do an automated post tax deduction, but will Square have the ability to send these deduction to the employees accounts?

https://www.newyorksecurechoice.com/

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Square Community Moderator

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Hey there, @JennsCookieCrea - 

 

After doing some research, it looks like Square does not automatically send these deductions to external accounts, such as the NYS Secure Choice Savings Program.

As you mentioned, you can set up post-tax deductions, but they will need to manually handle the transfer of these funds to the appropriate accounts.

 

Please let me know if you have any other questions, I am happy to circle back. 

Kassi
Community Moderator, Square
Sign in and click Mark as Best Answer if my reply answers your question.

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Square Community Moderator

Solution

Hey there, @JennsCookieCrea - 

 

After doing some research, it looks like Square does not automatically send these deductions to external accounts, such as the NYS Secure Choice Savings Program.

As you mentioned, you can set up post-tax deductions, but they will need to manually handle the transfer of these funds to the appropriate accounts.

 

Please let me know if you have any other questions, I am happy to circle back. 

Kassi
Community Moderator, Square
Sign in and click Mark as Best Answer if my reply answers your question.
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