Tax Office releases industry performance benchmarks

The Tax Office has released performance benchmarks for certain retail and service industries. These benchmarks have been developed from income tax and business activity statements lodged for the 2007/08 income year.

Performance benchmarks have been released for:

• ice cream retailing
• hardware and building supplies retailing
• fuel retailing
• fire and security alarm installation services
• driving schools and instructors
• domestic appliance repair and maintenance
• delicatessens
• cement rendering
• carpet, rug and furniture upholstery cleaners
• carpentry services
• manchester and other textile goods retailing
• tutoring and coaching
• watch and jewellery retailing
• toy and game retailing
• tobacco retailing
• stationery goods retailing
• pets and pet supply retailing
• motor vehicle parts retailing
• motor vehicle battery retailing
• glazing services
• garden supplies retailing
• catering services
• book retailing

These benchmarks can be viewed in full on the ATO website

http://www.ato.gov.au/businesses/pathway.asp?pc=001/003/102

Source: Tax Office website, 19 April 2010