Is your business better than the industry average?

Using ATO’s small business benchmarks you can find out how your business is performing compared to other small businesses in your same industry. The ATO looks at gross business income, expenses, and cost of sales to determine your standing. Using this information you can find ways your business can improve. The ATO even suggests things you might be able to do to improve your business and your ranking. The app is easily available from Google Play, the Windows Phone Store or the Apple App Store.

Key Takeaways:

• Using an ATO app its possible to see where your small business ranks over 100 industries.
• By entering gross business income, expenses and cost of sales and see how your business activity rates.
• You can get the app at Google Play, Windows phone store and the Apple App Store. Under “Business” select for Performance check.

“The easiest and quickest way to see how your business compares to competitors is by using the business performance check tool.”

Read more: https://insidesmallbusiness.com.au/planning-management/is-your-business-better-than-the-industry-average