ATO Benchmarks

Compare your business to reduce the chance of an audit

The Australian Taxation Office publishes benchmarks as a guide to help you compare your small business performance against similar businesses in the same industry.

Is your business operating in line with the benchmark?

Wondering if your business is standing out for all the wrong reasons? Our team can help you compare and ensure you're operating compliantly.

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Measure your business

This is great for measuring your business, however, benchmarks are one of the indicators that the ATO uses to identify businesses for review or audit. It does this by comparing information reported in your income tax returns or activity statements with the key benchmarks.

If a business is found to be operating outside those benchmarks, it can prompt further ATO investigations. In this case, if you believe your tax affairs are correct, you must ensure that you have good records to support your tax return.

If a business does not have evidence to support their return the ATO may use the benchmarks to determine that the business has been under-reporting income and impose additional tax and penalties.

ATO Benchmarks can be found at ato.gov.au. Please contact us on  5471 7077 If you’d like help measuring your business against the benchmarks.

Compliance

Tax Agent
Tax Agent
BAS Agent
BAS Agent
ASIC Agent
ASIC Agent
Financial Advice Reports
Financial Advice Reports
ATO Benchmarks
ATO Benchmarks
TFN Declaration Form
TFN Declaration
Tax Accountant
Tax Accountant

What Our Clients Think

Bottom line Control, headed by Malcolm Chilman, have been by tax agent/accountant/book keeper for more than 10 years now, and I have nothing but praise for the efficient and cost effective way they go about their work. I have recently given them my SMSF as well and am impressed by the meticulous way he goes about the process of staying within the lines of the over-complex Superannuation law.

Whether it is simple BAS bookkeeping or complex questions of tax law, Malcolm is always there to help. And if he does not know some intimate detail of our almost incomprehensible tax process, he knows where to find the answer.

Every business has the occasional need for a quick answer, so one of the characteristics that I appreciate here, is Malcolm's ready availability, by phone and email.

PA Apartments - Business Accountant Client

Byron Scott

Business Owner & Investor
PA Apartments
40 Wholseley St, Woolloongabba, Qld 4102
Phone: (07) 3891 1742 | Email: info@PAapartments.com.au

Thank you for your support, and assistance over the past several years. I personally feel that from our cooperative services that Ram Automotive has been able to grow toward the sustainable company of which is today.

Bottom Line Control has given myself a great understanding of the companies finances, and also through ongoing fiscal performance meetings. Now knowing what Ram Automotive can expect for the future.

I look forward to an ongoing relationship with Malcolm and Bottom Line control, to secure our future within our community.

Ram Automotive  - Business Accountant Client

Matthew Katterns

Proprietor of Ram Automotive Coolum Beach

We changed all of our financials over to Bottom Line a few years ago and have been quite impressed with the service and advice we have received. Nothing is too much to ask of them. Thank you to Malcolm and staff for being there for us.

Rex and Turtle- Business Accountant Client

Wayne & Penny Rex

Business owners and Property Developers

We switched to Bottom Line Control after realizing that our previous accountant was giving us incorrect advice and charging a premium for it.  We have now been using Bottom Line Control for several years and have found Malcolm to be thorough and reasonably priced.  He always finds ways to save money on our taxes. Malcolm and his staff are highly responsive and very easy to work with.  We highly recommend.

Equathon Horse Riding - Business Accountant Clienti

Alex & Rebecca Watson

Equathon Horse Riding
PO Box 301 Noosa Heads, QLD 4567
Phone: (07) 5474 2665

Thanks Malcolm for saving me the stress of sorting through all the issues of self-employment, and the many confusing deductions and tax items associated with that. Although I was extremely late in lodging my tax return, it was not a problem for you, and you managed to get me a healthy refund when I was sure I was going to have a bill! I will certainly be using your services in the future and have already been recommending you to others.

Kim Anderson  - Business Accountant Client

Kim Anderson

Freelance Journalist (The Anderson Outlook)

I have found Bottom Line Control to be very attentive to the needs of the business and reacts in a speedy manner, getting the job done.

Ricks Pies - Business Accountant Client

Graham Martin

Founder of “Dough Fusion” chain of bakeries and Rick’s Artisan Pies and Sourdough