Running a Small Business
Banking solutions to help you run your business
Tips for running your small business
From setting business goals to doing your business tax return, getting a business loan, understanding business insurance, social media for business and more, our business banking experts share their tips to support you running your business.
Why superannuation is important for your small business
When you are operating as a sole trader business, you‘re not only responsible for ensuring it is successful, but you’re also in charge of making sure you are well looked after in retirement.
Small business accounting tips for managing your cash flow
Developing good cash flow management habits is crucial to the success of any business – whether it’s a start-up, established small business or big business.
Read accounting tips
Small business tips for your 2021 business tax return
From a pandemic to bushfires and floods, COVID-19 restrictions and lockdowns, it goes without saying that the past 12-18 months have been challenging for many Australian small business owners.
Read tips
Small business tips for uncertain times
It goes without saying that running a small business can be challenging – even at the best of times. And as the impact of events such as the COVID-19 pandemic, Australian bushfires and recent floods have demonstrated, it pays to be prepared.
Work-life balance tips to support small business owners
At BOQ, our people know small business – it’s who we work with every day. We also know that finding the right balance at work and home isn’t always easy, which is why we’ve gathered the best business-to-business support tips for small business owners just like you.
The biggest challenges for small business – and how to overcome them
It’s no secret that setting up a small business and overcoming the hurdles it takes to turn an idea into reality comes with challenges. Knowing how to identify potential obstacles before you come across them, and even better, knowing the best way to overcome them when you do is important to the success of your business.
How to set effective business goals for your small business
Whether you are a start-up business or a flourishing SME business, it’s important to remember that every successful business makes a point of setting business goals.
Set business goals
What you can claim on your small business tax return
Struggling to know which business expenses you can claim as a tax deduction for your small business? When it comes to doing your business tax return, it can be tricky to understand which deductions you can claim for.
Read about claims
Small business tips for hiring and retaining staff
One of the biggest challenges that small business owners face is hiring, managing and retaining staff. On top of finding the right people to help run your business, you also need to have strategies in place to build and maintain employee morale, retain staff and ensure productivity remains high.
Read about hiring
Small business tips – why good money management matters
According to business accounting software platform, Xero, poor financial management is the downfall of many small businesses in Australia.
Read small business tips
Your holiday business closure checklist
Scheduling an out of office email and hanging up a “closed” sign won’t cut it. By communicating with stakeholders and reinforcing capital decisions, you can go into the New Year full steam ahead.
Prepare your business for the holidays with proactive hiring and financing strategies
Whether you need to hire seasonal workers or prepare for increased demand, you should expect the unexpected for holiday seasons. By planning out your finances and making a roadmap for your team, you will be much better prepared for whatever comes your way.
Read strategies
A full suite of business banking solutions for growing businesses
Small business bank accounts
Our low fee business bank Account
Everyday Business Account
Manage your transactions with ease - all for a low monthly fee.
- Free branch, ATM and cheque deposits
- Free Direct Debits and Direct Credits
- Easy account access through ATM/EFTPOS, Internet and Mobile Banking
ADDITIONAL INTEREST FOR 4 MONTHS ON BALANCES OVER $10,000
Business WebSavings Account
Make the most of your business savings with the flexibility of accessing your money anytime.
- Earn additional interest for 4 months as an introductory offer
- No monthly account maintenance fees
- Unlimited transfers
You can earn
pa.
on deposit up to $50,000
Maximise your import and export potential
International and Domestic Trade
From traditional trade products to tailored finance solutions, BOQ offers a range of trade finance solutions for your import and export business.
- Manage payment and foreign exchange risk
- Finance imports and exports
- Establish a foreign currency account
You can earn
pa.
on deposit up to $50,000
Small business loans and finance for update your business
Tailored business financing, designed to expand your service
Business Term Loan
At BOQ, we make it our business to understand yours. If you’re looking to expand your business, we’re the kind of bank to make it happen.
- Loan-to-Value Ratio up to 90%*
- Loan terms up to 30 years*
- Redraw facility available on variable interest rate loans
Finance your equipment without tying up your cashflow
Equipment and Vehicle Finance
Whether you want to lease your equipment, salary package your vehicle or you're looking for a short-term finance solution to grow your business, we can help with a full suite of funding options.
- Spread your repayments over the life of the equipment
- No capital outlay
- Structure repayments to suit your cash flow
Flexible cash flow options to help you succeed
Manage your cashflow and cover expenses
Business Overdraft
You can't always predict when an unexpected expense will arise, or when you need to cover shortages in your cash flow. Our Business Overdraft gives you access to a minimum of $10,000, up to an approved limit.
- Attach to your BOQ Business Transaction Account for access when you need it
- Interest only charged on funds utilised
- Access your overdraft via EFTPOS, online banking, direct debit, in branch or via cheque
Guarantee payment without having to supply an upfront deposit or bond
Bank Guarantee
Bank Guarantees enable you to grow your business by providing your suppliers, landlord, or government authorities with the security of guaranteed payment.
- Flexible security options
- Faster turnaround (5-8 business days) with our Express Bank Guarantee Facility (up to $100,000 customer limit and 100% cash security)
- Earn interest on cash security at standard Term Deposit rates
Merchant and payment solutions to get you started
Merchant Solutions
Accept card payments from your customers... anywhere, anytime.
- Online
- In store
- On the Go
Receiving payment from customers made easy
Ecommerce, Countertop, Mobile & Integrated EFTPOS Terminals
Payment Solutions and Billing
Solutions for customer payments and the processing of large amounts of transactions.
- BPAY Billing for easy collection
- Direct Debit Facilities to get paid automatically
- Direct Credit Facilities to assist with salary payments or large quantities
Small business insurance solutions
Free up your cash flow spent on insurance premiums
Insurance Premium Funding
Pay your annual insurance premiums through flexible repayments, allowing your working capital to stay in your business.
- Easy monthly instalments
- 6 to 12 month options
- Release cash flow to invest back into your business