Skip to content
English
Contact Support
  • There are no suggestions because the search field is empty.

Payroll Services - Business Closing

The below article address key information related to FINSYNC's Payroll Services & Fees for when a business is closing.

When a business using FINSYNC's Payroll Services is closing, FINSYNC will collect the necessary information and fees required to complete tax reporting and filings on the business's behalf. 

When a closure is reported (profile cancellation), the following fees will be assessed and collected immediately to avoid complications later: 

  • $125 per remaining quarter of the year. FINSYNC will submit $0 filings for each remaining quarter. Note: Many states require payroll accounts to remain open through year-end to ensure all filings, including W-2s, are completed.

  • All fees related to filing, reporting, and creating W-2s will also be assessed. The total amount depends on the number of employees or payees.