Data matching and benchmarking is becoming commonplace within the ATO nowadays. But it’s not all gloom and doom - this information can actually be used to help your business!
The ATO has an app which can compare how your business is performing against others in the same industry. It uses benchmark ratios in key areas such as expenses and turnover and can help you to identify opportunities within your business.
For further information please click here.
Or download the ATO app from Google play, the App Store or the Windows Store.