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At the end of a payroll period, whether annual, semi-annual or quarterly, policyholders are required to submit a payroll report verifying the actual number of employees and capped wages for that period. You can send us this information right online, once the payroll report is received; the premium is adjusted to reflect the difference between the estimated and actual wages. It is important to accurately estimate the payroll at the beginning of the period to minimize premium adjustments.
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