Taxes Paid Quarterly via Square

[Bronze_Palms]

Hi! Does anyone know what this means? Does this line item mean that Square is paying a portion of quarterlies during payroll runs? Please see attached.

TIA!

[_Violet · Accepted solution]

Hi @Bronze_Palms - Thanks for reaching out to us here on the Square Seller Community👋

I've moved your post over to the Square Payroll board. I'm going to consult with the Payroll team on this one to get the best answer for you. I'll reach back out to you here once I gather more info!

[_Violet · Accepted solution]

Hi @Bronze_Palms - Thanks for reaching out to us here on the Square Seller Community👋

I've moved your post over to the Square Payroll board. I'm going to consult with the Payroll team on this one to get the best answer for you. I'll reach back out to you here once I gather more info!

[_Violet · Accepted solution]

Hi again, @Bronze_Palms - I received a reply from the Square Payroll Team and this is what they said:

"Square Payroll handles your Federal and State tax filings and payments on your behalf at no additional charge. We’ll pay your monthly tax payments and file on your behalf at the end of each quarter and at the end of the year.
If you pay taxes on a semi-monthly basis or file on a non-quarterly schedule, please let us know as soon as possible.

You can download federal and state tax forms filed on your behalf by Square Payroll from Staff > Payroll > Tax Forms tab of your Square Dashboard. You can view state-specific tax information to view with state taxes Square Payroll will handle on your behalf, how to obtain your state account numbers, and how to make tax payments in our Support Center."

I hope this information is helpful but please do let me know if you have any additional questions.