Ohio employers are required to file a “true-up” report with the Ohio Bureau of Workers’ Compensation (BWC) by Monday August 15^th!

The true-up report allows businesses to reconcile what they paid to the BWC over the last year against what they actually owe the BWC. Remember: Premiums over the last policy year (July 1, 2015 to June 30, 2016) were established on estimated payroll figures. You will be required to report your company’s actual payroll for that period on the true up report which, in turn, might generate a premium credit or a premium assessment.

Your true-up report can be made online, or over the phone by calling 1-800-OHIOBWC. 

 To report online

1. Log on to the BWC website with your BWC e-account by entering your user ID and password. Don’t have an e-account? Just click the Create e-account link near the top right-hand corner of the home page and follow the instructions.
2. From the left-side menu under Payroll/Premium, select Payroll true-up reports.
3. Next, click the drop-down arrow to select which period you wish to complete, click that period, and then click “next.”
4. Enter the number of employees and your actual payroll for each manual code, and click “next.”

Please note: BWC will calculate the prospective billing transition credit and make any necessary adjustments based on the reporting of actual payroll. It will be equal to 1/6 of the premium for the 2015 policy year. The system completes its calculation, and you’ll see a net transaction amount.

If you do not owe additional premium or have a credit as your net transaction amount, click “submit” on the verification page, com­plete the BWC electronic signature page, and click “I agree” to finish. You should print the confirmation page for your records.

If you owe additional premium, you may choose to:

• Pay in full (use this option to pay the entire net transaction amount due);

• Pay another amount (use this option to pay the amount and any other amounts due); or

• Submit without payment (use this option if you are going to submit payment with voucher or will be paying online at a later date).

If you decide to pay at the time you report actual payroll online, the system will prompt you to enter your payment information. If you decide to submit your actual payroll without payment, you’ll need to print the payment coupon from the confirmation page, which you’ll mail to BWC. Remember, BWC must receive payment by the due date of the true-up to consider it completed on time.

Finally, be sure to print the payroll true-up confirmation page for your records.

Four times a year, Mind Your Business publishes a Resource Guide focused on putting you in touch with the experts who will help you improve your business. This month’s Resource Guide is focused on energy. Download the Energy Resource Directory as a PDF or an Excel file.

Safety is a topic that should be first and foremost on the minds of business owners here in Northeast Ohio and everywhere. Regardless of size, the safety and wellbeing of the workforce remains critical to the success of our local economy.

The Northeast Ohio Safety Council (NEOSC) has everything businesses need to create and maintain a safe working environment. From pertinent safety issues to qualified and experienced speakers, NEOSC will provide your organization with the tools and knowledge you need to improve the safety culture within your workplace. 

Additionally, your business can earn up to 4% off of your workers’ compensation premiums by joining the NEOSC today and attending our monthly breakfast meetings.

NEOSC Open enrollment: Now through July 31, 2016

Visit neosafetycouncil.com or call Mike O'Donnell at 216-592-2256

Meeting Topics & Dates

Each meeting will include a breakfast followed by a 30 - 45 minute educational seminar led by a qualified professional in the safety industry.

NEOSC MEETING DETAILS  

Where: 

When:  

Second Wednesday of each month from July 2016-June 2017 (8AM-10AM)

Cost:   

Option A: $330 at the time of enrollment, includes membership to the NEOSC and all meeting costs for the year

Option B: $150 at the time of enrollment for membership cost and $18 per meeting 

Safety is a topic that should be first and foremost on the minds of business owners here in Northeast Ohio and everywhere. Regardless of size, the safety and wellbeing of the workforce remains critical to the success of our local economy.

The Northeast Ohio Safety Council (NEOSC) has everything businesses need to create and maintain a safe working environment. From pertinent safety issues to qualified and experienced speakers, NEOSC will provide your organization with the tools and knowledge you need to improve the safety culture within your workplace. 

Additionally, your business can earn up to 4% off of your workers’ compensation premiums by joining the NEOSC today and attending our monthly breakfast meetings.

NEOSC Open enrollment:  Now through July 31, 2016

Learn how to earn free membership by joining the NEOSC Team.  Visit neosafetycouncil.com or call Mike O’Donnell at (216) 592-2256.

The Most Promising Startup is annually one of the most interesting, yet also most challenging, categories in the Best of Tech Awards. The nominees are doing cool work, they’re getting traction and they often have great advisers and outside capital; which can make it hard to separate the companies to finalists and then from finalists to winners.

This year’s Most Promising Startup is Event38, unique enough that they’re in the drone space, but adding software, data and analytics to their drones is really taking their value to new heights (pun totally intended!). Learn more about the company in our podcast interview with Founder/CEO Jeff Taylor here and see some pics from the awards dinner here.

The world of technology tools such as iPads, smart phones, and more is changing at a break-neck pace. While your firm is evaluating deployment of such tools, more and more are coming online and in the planning stages. 

David Cieslak, aka “Inspector Gadget”, offers an engaging, insightful and fun presentation sharing news on cool, new tech gadgets that are on the way to the business sector.

Listen here.