Closing / shutting down my business

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Sam

• August 11, 2015 18:35

What steps do I need to take in payroll before closing / shutting down my business?

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  Sam

  • August 11, 2015 18:38

  So you have decided to close your Business! Whether this is a good thing or a bad thing we are sorry to see you leave us. We know you have a lot to do to finish up your Business’s books so creating your T4s and ROEs is very simple.

  To terminate your employees and create ROEs follow the steps here:
  https://paymentevolution.zendesk.com/hc/en-us/articles/205660085-Record-of-Employment-ROE-

  To create your T4s when it is not the Calendar Year End the program will not allow you to “close the year,” but you can still create your T4s. Here’s how:
  Go to ACTIONS> YEAR END, on the “Review YTD” page please click “Generate Latest YTD Report” to make sure you have all up to date information. Then simply skip the next step to “Close Payroll Year” and click on “Create/View T4 etc.” You can complete all steps the same as at year end, the only difference here is that you don’t close the year.

  Once you have completed all these items you can choose to close your account with us or not. Your account will remain active until your expiry date (on a paid plan) and for up to 3 months (free plan) unless you manually close it. Note that once you close the account your data will be archived and you will not have access to it.  Fees will apply to re-open it.  Please make sure you take whatever reports you need prior to closing!

  That’s it, you’re all done! We wish you much success in your future endeavors and hope to see you back again!

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