Close Employer Payroll Tax Accounts the Right Way
Closing employer tax accounts can be complex and cumbersome, but it doesn’t have to be.
CorpNet makes the process simple with:
- Personalized, guided support
- Processing throughout the U.S.
- Transparent pricing
Only $199 Per Entity and Agency
Why Choose CorpNet to Help?
- Family-owned and operated since 2009
- 100,000+ businesses formed
- SOC 2 compliant and secure
- Highly rated by our customers
- Service fees offer a 100% satisfaction guaranteed
Why Do You Need to Close Your Payroll Tax Accounts?
When your business no longer needs certain state employer tax accounts, it’s important to close them properly. If left open, these accounts can trigger unnecessary penalties and fines.
With CorpNet, our filing experts guide you through every step of the process, ensuring your accounts are closed accurately. Your involvement will be necessary at certain points in the process. But rest assured, we’ll be with you to make sure nothing gets overlooked.
When Should I Close My Payroll Tax Accounts?
You should close your employer payroll tax accounts if any of the following are true:
- You no longer have employees in a state(s) and no longer require the account for payroll.
- You’ve closed a location or operations in a state and don’t want to be liable for future taxes.
- You registered in a state, but never actually hired or started operations.
- You restructured your business or experienced a merger and want to consolidate accounts.
- You’ve formally dissolved your business entity and want to ensure all tax accounts are also formally closed.
How the Process Works
Closing employer tax accounts can feel daunting. Having to navigate different agencies, unexpected paperwork, and varying requirements can feel overwhelming, but with CorpNet, we take care of the heavy lifting so you know exactly what to expect and when.
Paperwork Is Prepared
We review your current payroll tax accounts and situation then we prepare every filing, so you don’t have to juggle forms, deadlines, or worry about researching state requirements.
Communication Is Ongoing
Accounts Are Closed
Disclaimer: Every state has different requirements, and your involvement will be necessary at certain points in the process. Service prices do not include state fees, and handling, or our 3% convenience fee. State filing fees and shipping fees are additional and vary per state.
Frequently Asked Questions
How much does CorpNet’s payroll tax account closure cost?
The service is $199 per entity and per agency, plus any applicable state fees, shipping and handling, and our 3% convenience fee. Please note that you may be responsible for paying any remaining balances with each agency during the closure process as well.
Are state fees included in the $199 price?
No. State filing fees are additional and vary by state agency.
What will I need to provide?
Each state is different, and your involvement will be necessary at certain points in the process. You may need to share state agency login credentials, sign a few forms, provide additional documentation, or share responsible party information. If so, we’ll ensure that we communicate exactly what’s needed and by when. No stress.
What happens if I don’t close an account I no longer use?
Leaving an employer tax account open can lead to penalties and tax liabilities. Closing the account properly ensures you are no longer responsible.
Can CorpNet handle closures in all states?
Yes, CorpNet can assist with employer tax account closures nationwide, in all 50 states.
Is this offering the same as dissolving my business?
No. Dissolving a business means filing Articles of Dissolution with the Secretary of State. Our payroll tax account closure is different and only applies to closing tax accounts. If you’re planning to formally close your business, we recommend both offerings.
