These benchmarks are a useful way to help businesses compare their performance against other businesses in their industry and check they are meeting their obligations, including assessing whether they are likely to be selected for a review or audit.
The cash sales benchmarks are based on data matching undertaken with banks to identify credit and debit card sales, as well as information provided by small businesses to the ATO on activity statements.
The cash sales benchmarks have initially been developed for the following fifteen industries which focus on cash sales within their business.
- Beauty services
- Hairdressers
- Clothing retailing
- Hardware and building supplies retailing
- Coffee shops
- Meat retailing and butchers
- Florists
- Newsagents
- Fruit and vegetable retailing
- Pubs, taverns and bars
- Fuel retailing
- Restaurants
- Garden supplies retailing
- Takeaway food services
- Grocery retailing and general stores
For more information on Business Benchmarks for your industry please contact the team at South East Access
