#Cdd-split-deposits
foggy cypress
Hi there, yep you would need to use Connect for this.
The easiest way in my opinion is to onboard 4 different connected accounts
heavy harness
The easiest way in my opinion is to onboard 4 different connected accounts
Would it be possible to then decide how I want to split deposits?
End product goal:
Deposit 30% in Labor Expense Bank Account.
Deposit 30% in Merchandise Expense Bank Account.
Deposit 25% in Misc. Expense Bank Account
Deposit 15% in Taxes account.
foggy cypress
Yep you would control how the funds flow from your platform to the Connected Accounts
If you want to split each payment up individually then you would use Separate Charges and Transfers
heavy harness
Yep you would control how the funds flow from your platform to the Connected Acc...
Any recommended documentation to follow?
heavy harness
Also what about Tax filing automation does Stripe offer any service like that?
foggy cypress
In terms of the onboarding of accounts, you would decide on whether you want to use Express or Custom and onboard accordingly
Tax filing in which sense exactly?
1099s?
heavy harness
Tax filing in which sense exactly?
Sales tax filing
foggy cypress
Ah customer tax
heavy harness
I see you offer a Tax api but was wondering if any autofiling features.
foggy cypress
You do still have to file
Or you can use a third party, like TaxJar, to file automatically
heavy harness
Or you can use a third party, like TaxJar, to file automatically
Excellent thank you 🙂
foggy cypress
Sure thing!