• History of changes

    The benchmarks are updated on an annual basis. They currently use data from the following financial years:

    • 2013–14 for performance benchmarks.

    History of changes

    Date

    Change

    2012

    Activity statement ratios added

    Two activity statement ratios are now added to the benchmarks range:

    • non-capital purchases/total sales (G11/G1)  
      • non-capital purchases includes trading stock and normal running expenses reported at G11 on the activity statement
      • total sales includes all GST-free sales, input-taxed sales and taxable sales reported at G1 on the activity statement.
       
    • GST free sales or total sales (G3/G1)  
      • GST-free sales do not include GST in the sales price reported at G3 on the activity statement
      • total sales includes all GST-free sales, input-taxed sales and taxable sales reported at G1 on the activity statement.
       

     

    2015

    Previous year's data was consolidated into the main industry information, reducing the number of documents from 600+ to 101.

    We have many resources available to help with your tax obligations as a small business operator and to meet your record-keeping requirements.

    See also:

    Last modified: 09 Nov 2016QC 47941