ATO Gives a Quick Benchmark For Your Business | BTalk
By Phil Dobbie | April 22, 2010
BNET Australia Contributors
Aussie Rules
Biography
BNET Australia Contributors
Brian Haverty is editorial director for CBS Interactive Australia and is responsible for the company's BNET and ZDNet Australia sites.
Robert Gerrish is a coach, author and professional speaker and the founder of Flying Solo, an Australian online community for solo business owners.
Melissa Lourenco is the HR manager for CBS Interactive in Australia.
Chris Golis is the author of The Humm Handbook: Lifting Your Level of Emotional Intelligence. He runs seminars and workshops on EQ.
Suzi Dafnis is Community Director of the Australian Businesswomen's Network.
Yvonne Adele helps organisations build a culture of ideas by teaching people at all levels to access their untapped creative thinking skills.
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Greg Chapman
(Episode 481; 12 minutes 52) The Australian Tax Office (ATO) recently published a set of industry benchmarks, so you can see whether your business is experiencing the same level of profit margin as others in your sector.
Greg Chapman, Director of Empower Solutions, explains more about these benchmarks in today’s BTalk, and suggests what a small business can do with this information.
Here’s an example:
A typical florist with a turnover up to $300,000 would have the following outgoings as a percentage of total turnover:
- Cost of goods 45 - 57 percent
- Labour costs 0 - 8 percent
- Rent 8 - 14 percent
