The ATO’s updated small business benchmarking tool
Liz Gibbs • May 1, 2025

The ATO’s updated small business benchmarking tool 

The ATO has updated its small business benchmarks with the latest data taken from the 2022–23 financial year. These benchmarks cover 100 industries and allow small businesses to compare their performance, including turnover and expenses, against others in their industry.


While the ATO doesn’t use the benchmarks in isolation, small businesses who fall outside the ATO’s benchmarks are more likely to trigger a closer examination from the ATO. The ATO uses information reported in business tax return with key performance benchmarks for the relevant industry to identify potential tax risks.


Aside from determining the risk of unwanted attention from the ATO, the benchmarks can also be used to compare your business performance against other businesses in the same industry. The benchmarks could help you spot areas where you might be able to reduce costs or improve efficiency. 


The small business benchmarks can be accessed here.


Aside from the small business benchmarks, the ATO also has a business viability assessment tool which can help business owners identify whether there are any obvious financial risks. The ATO consider a business to be viable if it is generating sufficient profits to meet commitments to creditors and provide a return to the business owners. If a business isn’t generating profits, the ATO looks at whether the business has sufficient cash reserves to sustain itself.


The business viability assessment tool can be found here.

Please let us know if you would like us to review your business performance and make recommendations on ways that performance could be improved.


Checkout our free 7 minute Business Health Check Here.


Need Help with your Business, Bookkeeping, Tax or SMSF requirements?

If you would like a little help, please get in touch with us for assistance. We can help with your business, bookkeeping, tax and SMSF requirements.


Please also note that many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances. Should you have any further questions, please get in touch with us for assistance with your SMSF, business, bookkeeping and tax requirements. All rights reserved. Brought to you by RGA Business and Tax Accountants. Liability Limited by a scheme approved under Professional Standards Legislation. 

We are moving
By Liz Gibbs June 9, 2026
RGA Business & Tax Accountants is relocating to a new Brendale head office from 15 June 2026, with Samford appointments continuing.
We have some exciting news to share.
By Liz Gibbs June 9, 2026
After 34 years, RGA has simply outgrown our Samford office, and we are expanding. From 15 June 2026, our new head office will be located at Suite 5, 253 Leitchs Road, Brendale 4500— a larger, modern space that better reflects where the practice is headed.
tax planning
By Liz Gibbs June 7, 2026
Small business owners with turnover under $10M can reduce their tax bill with the right planning. Explore the top SBE strategies to act on before 30 June 2026.
More Posts