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BWC Payroll True-Up Due 08/15/16

July 6, 2016

The first-ever payroll true-up period for private employers begins July 1, 2016. Payroll true-up reports are due to BWC no later than Aug. 15, 2016.

With the transition to prospective billing, the Ohio BWC now requires employers to reconcile their actual payroll for the prior policy year and reconcile any differences in premium paid. The payroll true-up allows the Ohio BWC to calculate your premium accurately. Even if your payroll for the year matches the estimate, we provided, or you had zero payroll, you must complete a true-up report.

Failure to file your true-up and pay any additional premium due by August 15th, 2016 will result in disqualification from your BWC program and discount.

The quickest and easiest way to true-up is online with a BWC e-account. Online true-up and payment will also save you money. Eligible employers will qualify for a 1-percent premium rebate, up to a $2,000 maximum rebate. While you can complete the true-up through the BWC call center at 1-800-644-6292, wait times may be extremely high. Therefore, the Ohio BWC encourages the use of their online reporting system found at www.bwc.ohio.gov.

Still need to create a BWC e-account for your business?
Go to: https://www.bwc.ohio.gov/SelfSvcAccountAdmin/newacc.asp

If our office is paying the premiums on your behalf, we will also be filing the true-up report.

If you have any additional questions or concerns, please contact our office.

 

 

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