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I need national averages for profit/expense percentages for construction business. How do I find it in ProSeries?

marinal10
Level 1

During an audit, auditor suggested to use national averages to resolve "reasonable" cost for roofer.

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TaxGuyBill
Level 15

That information certainly would NOT be in ProSeries.  ProSeries is a tax program, not a statistical database of non-tax data.

I suspect it will be difficult to find a national average for expenses.
https://www.bls.gov/oes/current/oes472181.htm


Is the taxpayer still in the roofing business?  If so, the most logical method would be to track the current income/expense ratio for that taxpayer's business.


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TaxGuyBill
Level 15

That information certainly would NOT be in ProSeries.  ProSeries is a tax program, not a statistical database of non-tax data.

I suspect it will be difficult to find a national average for expenses.
https://www.bls.gov/oes/current/oes472181.htm


Is the taxpayer still in the roofing business?  If so, the most logical method would be to track the current income/expense ratio for that taxpayer's business.


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