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    Ohio Bureau of Workers Compensation Deferral

    Posted by Jonathan Ciccotelli on Mar 22, 2020 11:21:03 AM
    Owners’_Compensation

    Ohio’s Bureau of Workers' Compensation (BWC) system is the exclusive provider of workers’ compensation insurance in Ohio and serves 249,000 public and private employers.

    To help businesses facing difficulties due to the COVID-19 pandemic, the Ohio BWC is announcing that insurance premium installment payments due for March, April, and May for the current policy year may be deferred until June 1, 2020. At that time the matter will be reconsidered.  

    "BWC will not cancel coverage or assess penalties for amounts not paid because of the coronavirus pandemic," said Lt. Governor Husted. "Installment payments due for the three-month period are totaled at approximately $200 million, and that money will now stay in the economy."

    This is an evolving situation and we will update as information becomes available. 

    Please contact us with any questions.

    Topics: Tax Planning & Strategies, Accounting & Auditing, Accounting and Tax Resource, COVID-19

    Jonathan Ciccotelli

    Written by Jonathan Ciccotelli

    Jonathan Ciccotelli is the Partner-In-Charge of Meaden & Moore’s Tax Services Group. For over 29 years, Jonathan has worked closely with private and public companies in manufacturing, transportation, distribution, construction, and retail under a variety of business structures, including S-corporations, C-corporations, consolidated groups, and limited liability companies. He enjoys running, cycling, and cheering on his kids at sporting events.

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