Written by Sian Dawson
Did you know the ATO publishes small business benchmarks based on specific industries so you can compare your performance against competitors in various cost categories?
EASE has started reviewing this information as part of our advisor services to help our clients understand areas they may be overspending or simply seek to improve.
For example, the following shows results for the Air conditioning, refrigeration and heating services industry:
This shows that an average business turning over more than $600,000 in revenue is reporting a net profit percentage of 14%.
There’s several ways you can review this data yourself through their website or via an app. For more information check out this link or ask us how?