More than 100 small business benchmarks now online

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17 / Jun / 2010

The ATO has continued to expand their range of small business benchmarks and have now published benchmarks for more than 100 different types of businesses.<--break->
Small business benchmarks provide key business ratios for a wide range of different businesses. By comparing your business to the benchmarks, you can assess your tax risks and business performance.
Comparing a business against the benchmarks is one way the ATO select businesses for audits.
They also use small business benchmarks during audits to make default assessments, where insufficient or unreliable information has been provided.