Australian Tax Office Industry Benchmarks
The Australian Tax Office use industry benchmarks and other risk indicators to identify businesses that may be avoiding their tax obligations by not reporting some or all of their income.
Businesses that report expense and profit figures outside of the Tax Office benchmarks are at increased risk of audit. For more information click here.
Australian Tax Office benchmarks can be located here.
As usual, contact us at A Grade Tax Penrith for any advice in this area.
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