True-up Online Reporting Available Soon, According to Ohio BWC
An employer must submit a payroll true-up report even if it has zero payroll
According to a new announcement from the Ohio Bureau of Workers' Compensation (BWC), the true-up online report will be available on July 1, 2022.
At the end of the policy year, the BWC must ensure the estimated premium it set for you was correct. To do this, you must file a true-up report that reflects the actual payroll for that policy year. You must complete the report online .Payroll true-up report service offering by August 15, 2022.
If your true-up payroll exceeds the estimated payroll, you'll owe additional premium. If your true-up payroll is less than your estimated payroll, you'll receive a premium credit. An employer must submit a payroll true-up report even if it has zero payroll.