How to Run Payroll with Square Payroll?

To set up automatic, instant transfers with Square Payroll, follow the steps given below:

• Open your Square payroll account
• Navigate to payroll settings
• Enable Instant Transfers
• Choose Instant Transfer for each payroll to have money deposited right away, though there can be an additional cost.

To run payroll processing for contractors in Square Payroll, follow the steps given below:

• Open your Square Payroll account
• Navigate to Payroll
• Click on ‘Run Payroll in Square’
• Choose Contractors
• Input the required details
• Review the summary
• Hit submit
• Square will handle tax reporting for contractors at yearend.

To share a payment link in Square Payroll, follow the steps given below:

• Open your Square account
• Hit Payments
• Click on Payment Links
• Navigate to the payment link you wish to share
• Press on the ‘Share’ option next to it
• Select your share option.

Usually, once you initiate a payment in Square Payroll, it takes one day to process payroll. The platform also offers employees the option to receive their pay instantly if they use Cash App. However, the exact moment is determined by the processing speed of your bank and the payment method you have selected.

In Square Payroll, you can simply input the locations of employees and withholdings for each state. The platform will automatically calculate the taxes. If additional filings are needed, follow the steps given below:

• Open your Square Payroll account
• Click on Settings
• Hit Taxes
• Now, you can view and complete requirements for each state.