When your business has an active full-access payroll subscription for Wave’s payroll feature, you have authorized Wave to remit tax payments and filings on behalf of your business. Cancelling your payroll subscription will end these tax payments and filings.
If you run a seasonal business or need to pause payroll and keep your automated tax payments and filings, you can switch to a limited access subscription.
The month in which you cancel your subscription determines what final tax payments and filings will be completed by Wave.
When you cancel your payroll subscription, if your business is no longer operational, you must complete final tax filings outside of Wave. This includes marking wages as final and closing your payroll accounts with the IRS and the state. Learn more on the IRS’s website.
Ending tax service in February, March, May, June, August, September, November, or December
Ending tax service in April, July or October
Ending tax service in January
For cancellation requests submitted in January, Wave will:
- Pay taxes due on or before January 31
- File payroll tax forms due on or before January 31
- Refund you for taxes withdrawn by Wave that are due after January 31
- Complete quarterly payments and filings due for the tax year that ended December 31
- Not pay taxes or complete filings due after January 31
Ending tax service in February, March, May, June, August, September, November, or December
For cancellation requests submitted in February, March, May, June, August, September, November, or December, Wave will:
- Pay taxes due on or before the last day of the month
- Refund you for taxes withdrawn by Wave that are due after the end of the month
- Not pay taxes due after the end of the month
- Not file quarter-end or year-end forms
- Not close your payroll tax accounts with the IRS or state agencies
Ending tax service in April, July, or October
For cancellation requests submitted in April, July, or October, Wave will:
- Pay taxes due on or before the last day of the month
- File payroll tax forms due on or before the last day of the month
- Complete quarterly payments and filings due in the month you cancel
- Refund you for taxes withdrawn by Wave but are due after the end of the month
- Not complete any filings or tax payments due after the end of the month