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February 25, 2021

Talking Shop: Allowing Direct Debits for Payroll Tax

Talking Shop: Allowing Direct Debits for Payroll Tax
# Banking
# Risk Management

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Talking Shop: Allowing Direct Debits for Payroll Tax
Peer answer 1: “We just converted to direct debit with ADP in the US. Happy to put you in touch with the team that evaluated and executed the project.” Peer answer 2: “We allow direct debits for both payroll and payroll tax. We fund to a separate, stand-alone payroll bank account that is solely used for this activity.” Peer answer 3: “We reverse wire and direct debit for payroll tax and payroll respectively.” Peer answer 4: “We allow ADP to reverse wire from a dedicated payroll account. ADP offered no other option (‘take it or leave it’), and we only got comfortable by establishing a stand-alone account.”
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