Ohio workers’ compensation premiums are due by the close of business on Friday, February 28, 2014. If you report your payroll and pay your premiums on line at www.bwc.ohio.gov, the BWC will automatically calculate and deduct a 1% Go Green discount.
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.
Ohio workers’ compensation premiums are due by the close of business on Thursday, February 28, 2013.
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!
My daughter signed up for workers’ comp coverage because she is working as spot labor for a number of people this summer and she wanted to be covered in case she got hurt. Even before the BWC assigned a policy number, she got a solicitation from a group TPA offering to get her into group […]
Grow Ohio: If your company is a startup that initiated its workers’ comp coverage on or after 7/1/11, you should get an automatic 25% discount unless you chose to get into group rating for a discount of up to 53%. You will lose the discount if you don’t complete the safety survey plus 2 hours of safety training […]