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shermizzle
August 16, 2021
Question

Closing division and payroll taxes

  • August 16, 2021
  • 1 reply
  • 0 views

Unusual situation.  Client company has a few divisions, one of which has payroll.  This division has been spun off to a separate stand-alone company, and payroll moved out of the original company.  This will split payroll tax reporting into two different companies, and the new company will pay/report taxes going forward.

 

For the payroll tax reporting on the original (legacy) company, it is too early to submit the annual forms (940, 941, W-2s) but they don't need to payroll module for the rest of the year.  What is the best solution to this?  They would prefer not to pay for two payroll modules if only one is being used. 

 

thanks!

 

 

 

1 reply

Tori B
Tori B
August 16, 2021

Hey there, @shermizzle.

 

Thanks for taking the time to reach out to the Community for support. I hope you're enjoying the day so far. 

 

When using our payroll services, when you decide to cancel, you have the option to request we file your annual payroll forms for you. 

 

However, it's always best to discuss options with your accountant before canceling your payroll services. That way, you can ensure that two forms aren't being sent in for one company. Your accountant will know the best process to move forward. If you don't have an accountant, don't sweat. You can find one here in our Resource Center.

 

For more information about this process, check out this help article: Cancel your payroll subscription. 

 

Please let me know if you have further questions or concerns. Take care! 

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