https://ttlc.intuit.com/community/taxes/discussion/hi-i-have-an-s-corp-that-i-am-the-owner-employee-unfortunately-i-lost-all-my-clients-and-don-t-have/01/2805855#M1016934 So far I have been doing payroll using gusto. Now since there is no income coming to my business, can i just stop payroll? do i need to inform state and federal govt about this? Tue, 10 Mar 2026 07:15:07 GMT itsdhiraj 2026-03-10T07:15:07Z https://ttlc.intuit.com/community/taxes/discussion/hi-i-have-an-s-corp-that-i-am-the-owner-employee-unfortunately-i-lost-all-my-clients-and-don-t-have/01/2805855#M1016934 So far I have been doing payroll using gusto. Now since there is no income coming to my business, can i just stop payroll? do i need to inform state and federal govt about this? Tue, 10 Mar 2026 07:15:07 GMT https://ttlc.intuit.com/community/taxes/discussion/hi-i-have-an-s-corp-that-i-am-the-owner-employee-unfortunately-i-lost-all-my-clients-and-don-t-have/01/2805855#M1016934 itsdhiraj 2026-03-10T07:15:07Z https://ttlc.intuit.com/community/taxes/discussion/re-hi-i-have-an-s-corp-that-i-am-the-owner-employee-unfortunately-i-lost-all-my-clients-and-don-t/01/2805871#M1016940 <P>In the case where there is no income, a salary does not have to be paid, but you do not need to notify the state or federal government that you are not paying yourself a salary.</P> Mon, 26 Dec 2022 17:36:50 GMT https://ttlc.intuit.com/community/taxes/discussion/re-hi-i-have-an-s-corp-that-i-am-the-owner-employee-unfortunately-i-lost-all-my-clients-and-don-t/01/2805871#M1016940 Anonymous_ 2022-12-26T17:36:50Z https://ttlc.intuit.com/community/taxes/discussion/re-hi-i-have-an-s-corp-that-i-am-the-owner-employee-unfortunately-i-lost-all-my-clients-and-don-t/01/2805880#M1016948 <P>Thank you. Just to clarify I do not have to inform state or fed about no salary that I am earning. &nbsp;So no paperwork or process to go through this event</P> Mon, 26 Dec 2022 17:48:10 GMT https://ttlc.intuit.com/community/taxes/discussion/re-hi-i-have-an-s-corp-that-i-am-the-owner-employee-unfortunately-i-lost-all-my-clients-and-don-t/01/2805880#M1016948 itsdhiraj 2022-12-26T17:48:10Z https://ttlc.intuit.com/community/taxes/discussion/re-hi-i-have-an-s-corp-that-i-am-the-owner-employee-unfortunately-i-lost-all-my-clients-and-don-t/01/2805881#M1016949 <P>if your state charges substantial fees for having the corp - franchise taxes or similar taxes or fees and you don't think the company will be revived, perhaps liquidate it to save on the fees and the cost of filing a return. You would need to file papers with the state and IRS but in some states the annual cost for an S-Corp is over $800 in others it's $40.&nbsp;</P> Mon, 26 Dec 2022 17:50:56 GMT https://ttlc.intuit.com/community/taxes/discussion/re-hi-i-have-an-s-corp-that-i-am-the-owner-employee-unfortunately-i-lost-all-my-clients-and-don-t/01/2805881#M1016949 Mike9241 2022-12-26T17:50:56Z https://ttlc.intuit.com/community/taxes/discussion/re-hi-i-have-an-s-corp-that-i-am-the-owner-employee-unfortunately-i-lost-all-my-clients-and-don-t/01/2805903#M1016963 <P>thank you ! appreciate it</P> Mon, 26 Dec 2022 18:54:02 GMT https://ttlc.intuit.com/community/taxes/discussion/re-hi-i-have-an-s-corp-that-i-am-the-owner-employee-unfortunately-i-lost-all-my-clients-and-don-t/01/2805903#M1016963 itsdhiraj 2022-12-26T18:54:02Z