A business activity statement form is submitted by businesses to report their taxation obligations. A variety of business activity statement forms are available which an organization can use as per their requirements. The form consists of the taxation liabilities that an organization has. These statement forms are issued at different frequencies depending on the nature of the business.
Business Activity statement forms contain the aggregate economic activities of an organization. Valuable business activities create more opportunities in the market and provide the organization by providing a better value for the shareholders. It is an accustomed term that includes operations like marketing, administration and production. These types of forms are submitted from time to time at a fixed period which may be quarterly or even more frequently.
The form can be used to achieve goals such as Cash flow, visibility and opportunity. This form can then be accessed to provide in-depth analysis to the organization to improve its operations.