QB Issue Resolution:

If you cancel and reactivate your Payroll, you won’t lose any employee information. There are some things that will be disabled though, such as creating paychecks, paying & filing federal/state taxes, and printing W-2s. Here’s a detailed article that goes over what all happens when you cancel a subscription: Cancel Your Payroll Service

If your payroll is inactive, Tsheets will remain active but won’t sync with your data.

If you change an employee’s status to Not On Payroll, you’ll no longer be billed by Intuit for them. You’d want to verify with Tsheets if this changes any fees on their end. Here’s an informative article about changing statuses: Delete or Terminate an Employee

Resolution for Issue 'My company is shutting down because of the COVID19 crisis. I want to minimize all costs during this process…We have furloughed all employees, I want to stop paying per employee fees for QBO Advanced Payroll and TSheets…whats is the best way to do that…' available: Yes (Solved).
Source: Intuit Community forum.

My company is shutting down because of the COVID19 crisis. I want to minimize all costs during this process…We have furloughed all employees, I want to stop paying per employee fees for QBO Advanced Payroll and TSheets…whats is the best way to do that…: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for cancel and reactivate Payroll
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Error Recovery for cancel and reactivate Payroll [Canada]
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