Small Business Benchmarks
Did you know the Australian Tax Office provides small business benchmarks to help you compare your business’s performance against similar business in the same industry?
The benchmarks are calculated from income tax returns and activity statements from over 1.4 million small businesses across Australia. They account for businesses with different turnover ranges (up to $15 million) across more than 100 industries. Your business industry code along with your main business activity (from your tax return) is used to sort the benchmarks.
You can find your business’s benchmark by:
The most recent data available is from the 2014-15 financial year.
Why not give it a go and see how your business compares with others or contact us for any advice or further information regarding small business benchmarks.