The true-up online report will be available on July 1, 2024, Ohio Bureau of Workers Compensation announced on May 30, 2024. 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 using the payroll true-up report service offering by August 15, 2024.
If your true-up 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.
New this year: If you have reported zero payroll and no employees in the past, we may waive true-up reporting. You will be notified if you are eligible for this waiver. If you continue to have no employees, you are not required to submit a true-up report for the policy year beginning July 1, 2023. The BWC will complete the true-up report on your behalf and report $0 in payroll.