Fiducia TogetherPayback period
How long until an investment has paid for itself.
Business A to Z
Every trade has words it uses without explaining. In business the cost of not knowing one is real: some of them are ordinary jargon and some of them are a decision that can take a house.
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
Studying business? We write GCSE revision songs, and there is one for business studies. Listen to the revision playlist.
500 terms, showing 321–330 (page 33 of 50).
P
PAYE
Also called Pay As You Earn, Payroll
The system for deducting income tax and National Insurance from wages before they are paid.
Payment processing
Taking card payments: the players, the fees and the rules.
Due date and payment terms
Also called Net 30, Payment terms, Credit terms
When you have agreed to be paid. Negotiable far more often than most small businesses attempt.
Payments on account
Advance instalments towards next year's Self Assessment bill, based on this year's. The reason a first tax bill is bigger than expected.
Payments on account for companies
Larger companies pay corporation tax quarterly rather than nine months after the year end.
Payroll
Paying people correctly and reporting it in real time. Deadlines are monthly and automatic.
Performance management
Managing how well someone does the job, and the process if it is not good enough.
Personal budgets and direct payments in care
Local authority money paid to a person to arrange their own care.
Personal credit and business borrowing
Why lenders look at the director personally, and what that means.
Something missing?
If there is a word you have been nodding along to, tell us and we will write it up. This library exists because of the questions people were too polite to ask.
Ask us to add a term