17 Oct Is Your Business Above Average?
The Australian Taxation Office app now has a feature that allows you to compare your business finances with over 1.4 million other Australian businesses in over 100 industries to see how you stack up. If you are within the benchmarks you can see areas you can improve and if not you can see what you need to do to be competitive.
The only information you need to provide is:
- Your gross business income
- Your expenses (e.g. wages, vehicles, interest etc.)
- Cost of sales (the cost of anything produced, manufactured, acquired or purchased)
Full details here: https://www.ato.gov.au/Business/Small-business-benchmarks/
Download the ATO App here: https://www.ato.gov.au/General/Online-services/ATO-app/