Fiducia TogetherUSP
Also called Unique selling point, Unique selling proposition, Differentiator
The reason to choose you rather than the alternative. Usually stated as something every competitor also claims.
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.
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500 terms, showing 471–480 (page 48 of 50).
U
Utilisation
The proportion of available time actually spent on chargeable or productive work.
Utilisation and recovery rate
For time-based businesses: what proportion of the value of your time you actually bill.
V
Valuation
Also called Pre-money, Post-money, Company value
What the company is worth — which means something different to an investor, a buyer and a tax inspector.
Value proposition
A clear statement of what you do, for whom, and why it is better.
Variance analysis
Comparing what happened with what you budgeted, and asking why.
VAT
Also called Value Added Tax
A tax on most sales, collected by businesses on HMRC's behalf. The money in your account is not yours.
VAT annual accounting
One VAT return a year with instalments through it. Less admin, less flexibility.
VAT cash accounting scheme
Accounting for VAT when money moves rather than when invoices are raised.
VAT Flat Rate Scheme
Also called Flat rate scheme, FRS
A simplified way of working out VAT: you pay a fixed percentage of your gross turnover and generally do not reclaim input VAT.
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