Have you checked to see if your numbers are in line with the ATOs benchmarks? Did you know the ATO is comparing your figures to other business in your industry?

Benchmarks are key financial ratios that can help you compare your business performance against similar businesses in your industry – some key performance benchmark ratios the ATO are focussing on are:

1.        Cost of goods sold to turnover

2.        Cost of materials to turnover

3.        Labour to turnover

4.        Rent to turnover

5.        Motor vehicle expenses to turnover

If you need help or would like to know how your business is travelling in relation to these benchmarks then call us on 02 96 999 171 and check out the link from the ATOs website