Small Business Benchmarks are key financial ratios developed from information provided by businesses on activity statements and tax returns that can help you compare your business performance against similar businesses in an industry.
The ATO use benchmarks to help them identify businesses that may be avoiding their tax obligations by not reporting some or all of their income. To do that, they use the benchmark considered to be the most accurate predictor of business turnover for each industry - the 'key benchmark ratio'. They highlight this benchmark for each industry to help businesses read more
We benchmark all our clients that fall with these industries.