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As a business owner, you can use this information to help work out your business income and deductions for tax purposes.

Small business benchmarks are a guide to help you compare your business's performance against similar businesses in the same industry.

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What you will learn

  1. Why it’s important to keep accurate business income and expense records and systems that allow you to do this
  2. The different types of business income and expenses
  3. How you can use ATO small business benchmarks to check if you are accurately categorising your business income and expenses
  4. How to categorise your business income and expenses into the tax labels of a tax return
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