Snyder and Associates

 

Tax Byte

BWC's Billion Bucks Back

A few weeks ago, Governor Kasich and BWC Administrator, Steve Buehrer, announced a $1 billion rebate to Ohio's employers. This is the second year in a row in which the Ohio Bureau of Workers' Compensation will be issuing substantial rebate checks to employers.

Watch your mail! BWC anticipates distributing these checks beginning in October. The rebates are expected to be 60% of an employer's annual premium. To ensure the rebate is received in a timely manner, employers must timely file their payroll reports for the first half of 2014 (due September 2) and not be in a lapsed status.

There will be many changes with the BWC over the coming months. Please watch for future TaxBytes where we will cover these additional changes.

Victor Christopher, CPA, CVA

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