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DID YOU KNOW ABOUT BENCHMARKS OF AUSTRALIAN TAX OFFICE FOR YOUR BUSINESS?

Australian Tax


The Australian tax office has a massive database of information regarding the industry operations and has benchmarks of performance in various industries. They use different financial ratios to compare the performance of the individual business with that of industry performance.

You need to ensure that you select correct industry code along with your tax return to ensure that you fall under correct business code.

These benchmarks are expectations of ATO from individual businesses and expect the same level of performance than that. A company operating out of baseline may attract the attention of ATO.

Know More about our services:- Australian Accounting Services