Ohio workers compensation premiums are calculated based on payroll. For payroll earned and reported in 2016, the minimum for corporate officers, and partners & sole proprietors who have elected coverage, is $443.00 per week.
The 2016 maximum for officers, partners, and sole proprietors is $1,328.00 weekly.
You must report the actual payroll if it is between the minimum and maximum.
You will report your 7/1/15-6/30/16 payroll by August 15, 2016. Use the 2015 minimum ($431 per week) and maximum ($1,293 per week) for the last half of 2015 and the 2016 minimum & maximum for the first half of 2016.
In other words, report your officer, partner & sole proprietor payroll for the second half of 2015 between $11,206 and $33,618, and the first half of 2016 payroll between $11,518 and $34,528.
Here’s the link to the Ohio BWC web page that addresses how to calculate the correct payroll and who else is subject to the minimum/maximum reporting requirements. http://www.ohiobwc.com/employer/services/paidcomp/paidcomp.asp#minmax
This page includes Frequently Asked Questions. Your TPA should be able to answer your questions also. Don’t have a TPA? Contact ActuComp Ohio.