How do you compare?

‍The Australian Tax Office (ATO) provides small business benchmarks which will help you to assess your business performance against those in the same industry.

 The benchmarking data is updated annually with data from more than 2million small businesses.

 The benchmarks cover a wide range of industries, and include income, expense, profit and more. Reviewing this data against your own will help to you identify areas you could improve and make informed decisions about growth and opportunity.

 The ATO website also provides case study examples of how you can use the data in your business.

 Benchmarks are also used by the ATO to assist in reviewing tax obligations in industries.

 To learn more and start reviewing, head to the ATO website