Ohio Bureau of Workers’ Compensation’s First True-Up Report Due August 15

//Ohio Bureau of Workers’ Compensation’s First True-Up Report Due August 15

Ohio Bureau of Workers’ Compensation’s First True-Up Report Due August 15

With the changes the Ohio Bureau of Worker’s Compensation has made as to how premiums are paid, we do not want any employer to miss filing the first annual true-up report due August 15, 2016. With the BWC’s switch to prospective billing July 1, 2015, private employers have been invoiced their 12-month premium in installments over the last twelve months. Employers must now reconcile their actual payroll for the period July 1, 2015 to June 30, 2016, to the premium installments paid, called a payroll true-up.

Payroll true-ups must be submitted online at www.bwc.ohio.gov, by phone at 1-800-644-6292 or in person at a BWC customer service office. The BWC will not lapse employers’ coverage for not reporting the payroll true-up. However, the BWC will remove employers from their current rating plan or discount program if it does not receive a payroll true-up by the due date. A Go-green discount is also available for employers who complete the payroll true-up online by the deadline.

Please contact our office at 513-576-6770 or email rcupp@donohoocpa.com with any questions you might have related to payroll true-up report filing or any tax matters.

By |2017-11-17T12:43:51-05:00July 1st, 2016|Financial News|0 Comments

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