The second 50/50 premium payment is due Monday, December 2, 2013. December 1st is the usual due date but it falls on a Sunday this year, so the BWC has given you until the close of business on Monday to get your payment in.
The close of business on Tuesday, September 3, 2013 is the deadline to report payroll for the first half of 2013. The usual deadline is August 30, but it’s the Saturday of Labor Day weekend so the next business day is Tuesday.
It’s been more than a month since the BWC audit, and my client just got a call saying their biggest manual classification will be changed from one with a base rate of 0.0995 to one with a base rate of 0.0314. The company will get a refund of about $15,000.
I like to attend BWC audits with my clients. I can bring clarification for the auditor and minimize changes that are detrimental to my clients. Often I learn something. Here’s what I learned from the latest audit I attended.
What is the auditor looking for? Are the payroll numbers reported to ODJFS (unemployment comp) and the IRS the same as the payroll numbers reported to the BWC? Are the manuals assigned to the employer correct? Does the employer need additional classifications? Is each employee’s payroll reported under the correct classification? Has the construction workers […]
Ohio workers’ compensation premiums are due by the close of business on Thursday, February 28, 2013.
On 11/15/12, the BWC introduced a new My Policy page for employers. It is a dashboard of the information an employer needs most often. Your TPA or other representative will not have access to this page, but can find the same information scattered throughout the BWC website.
If you have been getting bills for next year from your current group TPA, do not pay them now. Here’s why: The deadline to enroll in group rating is the end of February 2013. Why pay now for services that won’t start until next July? If you haven’t seen the projected discount, how do you […]
For payroll reported in 2012, the minimum for officers, partners, sole proprietors, etc. is $405 per week or $10,530 per six months.
Ohio workers’ comp premiums are due by August 31, 2012. Payment must be received by the BWC on or before 8/31/12. Mailed payments must be received, not postmarked, by 8/31/12. The BWC is more strict than the IRS!