Change your FEIN
If you've changed your business type, check with the IRS to see if this requires a change to your company's Federal Employer Identification Number (FEIN). You will also need to reach out to your state agency regarding this update to see if you need new state tax account numbers.
In order to generate the required tax filings for your old FEIN and new FEIN, two separate Gusto accounts are needed for each filing. Follow the below steps to set this up.
Step 1: Create a new Gusto account with an email address that is different than your old Gusto account.
Step 2: In your new Gusto account, input your new company info:
- Legal entity name
- State tax IDs and corresponding deposit schedules and rates
- Company address (if changed)
- New bank account (if changed)
We can assist with migrating employee info over to your new account as long as your employees haven’t changed work locations.
Step 3: Reach out to firstname.lastname@example.org with “FEIN Change” as the subject of your email. Let us know which employees you DO NOT want migrated over, if any, so we can make sure the your account is accurate.
We will also assist with suspending your old company account once we ensure all tax payments are correct.
Note: If your benefits are managed by Gusto, please let us know in your email so we may put you in contact with our Benefits team so that your benefits are not terminated with your carrier. If you have any questions for our Benefits team they can be reached at email@example.com.