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012-073 - ATO Small Business Benchmarks

The Australian Taxation Office (ATO) produces benchmarking tables for particular industries compiled over a period of several years from income tax returns lodged and some industry participation. The ATO has stated that these benchmarks provide a snapshot of what, on average, is happening in busine ...Read more
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The Australian Taxation Office (ATO) produces benchmarking tables for particular industries compiled over a period of several years from income tax returns lodged and some industry participation.

The ATO has stated that these benchmarks provide a snapshot of what, on average, is happening in businesses operating in a particular industry by providing a measure of various business costs in relation to turnover in regional areas and capital cities. These tools have two purposes:

  • To provide taxpayers with a useful, independent tool to assess their business performance; and
  • To help the ATO and tax agents to identify business that may be avoiding their tax obligations.

This paper is discussed under the following headings:

  • Australian Taxation Office Small Business Benchmarks - Introduction
  • Types Of Benchmarks
  • How The ATO Uses Benchmarks
  • How To Calculate The Ratios For Performance Benchmarks
  • Input Benchmark Guide
  • Industry Types
  • When The Business Is Outside The Benchmark
  • Summary