Can I cancel or delay a Filing Period Closed tax collection?

Yes. You can request to cancel a scheduled Filing Period Closed tax collection and retry it at a later date, but doing so has potential risks.

Cancelling the collection can impact our tax filing timelines. Delaying this balancing transaction past the standard timeline may result in late tax filings, which can lead to penalties and interest from the tax agencies, as well as a late tax filing fee of $200 per filing attempt outlined here - 7shifts Payroll: Additional Fees.