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19 Oct 09 Understanding and using small business benchmarks

Small business benchmarks prepared by the ATO provide a snapshot of what, on average, is happening in businesses operating in a particular industry by providing a measure of various business costs in relation to turnover. As such, they are a useful tool in assessing a business’ performance. The ATO also uses benchmarks to identify businesses that may be avoiding their tax obligations. For more information about benchmarks and their use, go here and here


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