AlaCOMP provides news and OSHA Updates to all members. Each entry is packed with vital safety tips, updates to claims processes and information on the annual seminar devoted to safety and workers’ compensation subjects.
Safety Alert: Monthly Reporting
November 19, 2021
Does your payroll fluctuate monthly? We have the solution for you! Monthly Reporting What is monthly reporting? Monthly reporting is exactly what it sounds like – you report your actual payroll, each month, rather than estimating annually. Why should you do monthly reporting? Premium is based on actual payroll resulting in more accurate premium payments Reduces the risk of large additional premium audits Could improve cash flow by allowing smaller deposits and…
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