Compare your business to others in your industry

The ATO has a series of small business benchmarks that you can use as a guide to compare your business against similar businesses in the same industry.

Pay particular attention if one of your benchmarks is a lot higher or lower than the industry benchmark. This may indicate that you’re not correctly categorising part of your income and/or expenses. You may need to revise your bookkeeping to make sure you’ve categorised everything correctly.

Performance benchmarks apply to 101 industries and input benchmarks apply to domestic trade work. The ATO releases updated benchmark ratios each year.