{"id":2777,"date":"2024-03-18T14:42:39","date_gmt":"2024-03-18T04:42:39","guid":{"rendered":"https:\/\/wiselinkaccountants.com.au\/?p=2777"},"modified":"2024-04-30T16:51:21","modified_gmt":"2024-04-30T06:51:21","slug":"use-our-small-business-benchmarks-to-improve-your-business","status":"publish","type":"post","link":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/use-our-small-business-benchmarks-to-improve-your-business\/","title":{"rendered":"Use our small business benchmarks to improve your business"},"content":{"rendered":"\n<p>Find out how your small business compares to others in your industry.<\/p>\n\n\n\n<p>We&#8217;ve updated our&nbsp;<a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/income-deductions-and-concessions\/small-business-benchmarks\">small business benchmarks<\/a>&nbsp;for 2021\u201322. The benchmarks help you compare your business turnover and expenses to other small businesses in the same industry.<\/p>\n\n\n\n<p>For example, Deb runs a pizza shop as a sole trader. She&#8217;d like to track her business against other pizza shop businesses, and see how she can improve.<\/p>\n\n\n\n<p>Deb downloads the&nbsp;<a href=\"https:\/\/www.ato.gov.au\/online-services\/online-services-for-individuals-and-sole-traders\/ato-app\">ATO app<\/a>&nbsp;and opens the Business performance check tool. She uses this tool to work out the cost of sales to turnover benchmark for her pizza shop.<\/p>\n\n\n\n<p>It&#8217;s within the higher end of the range and above the average for pizza shop businesses.<\/p>\n\n\n\n<p>Deb works out her main supply costs. She then negotiates a better deal to reduce her business expenses and improve profit.<\/p>\n\n\n\n<p><strong>Find out how your&nbsp;<\/strong><a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/income-deductions-and-concessions\/small-business-benchmarks\/compare-your-business-now\/how-to-compare-your-business-performance-manually#ato-Compareyourperformance\"><strong>business is tracking<\/strong><\/a><strong>&nbsp;against other small businesses in the same industry and&nbsp;<\/strong><a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/income-deductions-and-concessions\/small-business-benchmarks\/compare-your-business-now\"><strong>compare your business now<\/strong><\/a>.<strong><\/strong><br><strong><\/strong><br>You can access our benchmarks through the&nbsp;<a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/income-deductions-and-concessions\/small-business-benchmarks\/compare-your-business-now\/how-to-compare-your-business-performance-manually#ato-Compareyourperformance\">ATO website<\/a>&nbsp;and then calculate your benchmark using the&nbsp;<a href=\"https:\/\/www.ato.gov.au\/online-services\/online-services-for-individuals-and-sole-traders\/ato-app\">ATO app<\/a>&nbsp;Business performance check tool. For further information you can also refer to our example of how to&nbsp;<a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/income-deductions-and-concessions\/small-business-benchmarks\/compare-your-business-now\/how-to-compare-your-business-performance-manually#ato-Compareyourperformance\">Compare your performance<\/a>.<\/p>\n\n\n\n<p>Remember, a registered tax professional or BAS agent can help you with your tax.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Find out how your small business compares to others in your industry. We&#8217;ve updated our&nbsp;small business benchm [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,17,61,18,19,20,21],"tags":[66,63,72,70,62,73,64,93,92,65],"class_list":["post-2777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-topics","category-business-solutions","category-english-post","category-business","category-market-research","category-professional-planning","category-world-of-business","tag-accountants","tag-ato","tag-bas-agent","tag-small-business","tag-smsf","tag-superannuation","tag-tax","tag-tax-accountant","tag-tax-agent","tag-taxreturn"],"_links":{"self":[{"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/posts\/2777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/comments?post=2777"}],"version-history":[{"count":1,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/posts\/2777\/revisions"}],"predecessor-version":[{"id":2779,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/posts\/2777\/revisions\/2779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/media\/2836"}],"wp:attachment":[{"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/media?parent=2777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/categories?post=2777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/tags?post=2777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}