Important Year End Tax Information
Are you the owner of a company that provides you benefits that should be reflected on your W2? If so, please help us make sure any adjustments are made on time.
Below are some items that may need to be included on you W2:
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INSURANCE
Health
FSA Health
H.S.A. plans
Vision
Dental
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OTHER BENEFITS
Use of company vehicles
Cell phone benefits
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What you need to do:
- Contact your CPA to see if there are adjustments to be made
- If so, get the amounts for each item
- Complete the Adjustment form (scroll down to complete) and send it to the Cardinal Services Accounting team no later than December 15, 2015
- If not, please submit the Adjustment form indicating N/A in the Adjustment type and send to the Cardinal Services Accounting team no later than December 15, 2015
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NOTE: Please understand that there will probably be income taxes associated with any adjustments. Generally, this will be a small amount. If we get the information after your last paycheck, Cardinal will make the adjustments and you will be notified to remit to Cardinal the taxes paid to the IRS (and possibly the state) on your behalf.
Thank you for your help and please feel free to contact us (Accounting@cardinal-services.com, 541.888.9799, x2116) if you have any questions.