From www.charteredaccountantsanz.com: Chartered Accountants Australia and New Zealand has launched its inaugural Australian small business profitability and risk benchmarks report for 2024, in collaboration with the University of Melbourne.

The report provides insights into the performance of small and medium-sized enterprises (SMEs) across various industries and sizes, helping business owners and financial advisors to assess profitability and manage risks.

Performance benchmarks are categorised by percentiles and business size, serving multiple purposes including budgeting, forecasting, and policy formulation.