If your business is shutting down, our partner SimpleClosure offers end-to-end dissolution services.
If your business is closing, you’ll want to cancel your Gusto account—but that’s not the only step.
Just canceling Gusto does not close your state payroll tax accounts. If those accounts stay open, your state may expect you to keep filing taxes. Missing filings can lead to big fines—$850 to $1,200 per quarter per state.
To help you avoid those fees, Gusto partnered with SimpleClosure. They can close your payroll accounts and help you shut down your business properly. When you cancel with Gusto, you’ll have the option to get SimpleClosure’s help.
Want to do it yourself? No problem—just follow your state’s rules, file the right forms, and confirm all accounts are closed.
How SimpleClosure helps SimpleClosure is a trusted Gusto partner. They help close payroll tax accounts, shut down your business, or both. They manage all the legal and tax steps after your last payroll, so you do not have to worry.
They handle filings for multiple states and agencies, so you do not miss deadlines or get surprise fees.
What does SimpleClosure handle?
They’ll take care of:
- All filings with tax, labor, and unemployment agencies
- Matching payroll dates with closure dates
- Following deadlines and doing follow-ups
- Making sure you don’t owe more taxes later
How much does it cost?
$199 per state. This covers all the filings and follow-up work. Services cannot be canceled or refunded after purchase.
Closing state payroll accounts It's important to close state payroll accounts if you're closing down your business.
Do I need to close state payroll accounts after canceling Gusto?
Yes. Gusto only stops payroll processing. You still need to close your state tax accounts, or the state may charge you fees.
Can I close them myself?
Yes, but it can take time. Some states need you to file with more than one agency. If you miss something, you could get hit with penalties.
Can my CPA do it?
Maybe. But many CPAs use SimpleClosure because it’s faster and designed for this exact job—especially if your business worked in more than one state.
Closing your business with SimpleClosure SimpleClosure also helps shut down your whole business—not just payroll.
To get started, visit SimpleClosure’s Get Started page and answer a few quick questions.
What’s included?
They handle:
- Board resolutions and shareholder approvals
- Final franchise tax forms
- Secretary of State forms (dissolution or cancelation)
- IRS Form 966 and EIN closure
- Foreign state withdrawals
- Final investor reports (distributions and closing statements)
How fast is the process?
It depends on your business and where you’re registered. But they often finish in just a few weeks—much faster than the 6–12 months it can take otherwise.
Can they help with other stuff?
Yes, including:
- Employee exits
- Payroll/unemployment account closures
- Canceling registered agents and vendor contracts
- Final tax returns
- Investor payment calculations
FAQs Get quick answers to some frequently asked questions about Simpleclosure:
Q: What is SimpleClosure?
A: A company that handles the legal and tax steps to shut down your business.
Q: Is SimpleClosure part of Gusto?
A: No, but they work closely with Gusto to help with services Gusto doesn’t offer.
Q: Can I use my Gusto payment method for this?
A: Yes. If you buy SimpleClosure through Gusto when you cancel, the cost will show on your final Gusto invoice.
Q: Can I cancel the Payroll Closure order?
A: No. SimpleClosure does not support cancellations or refunds.
Q: How do I get started?
A: Visit SimpleClosure’s Get Started page and answer a few quick questions.
Need help? Still have questions? Contact SimpleClosure directly:
📧 support@simpleclosure.com
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- business closing shutting shut simple closure cancel closed simpleclosure more payroll shut payroll down closing shop tax account cancelation dissolution
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- Last Modified Date
- 07/31/2025 02:07:43 PM
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