Benefits in kind and P11D
Non-cash benefits given to employees, and how they are taxed.
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. Five hundred of them, in plain English.
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 31–40 (page 4 of 50).
B
Board and governance for small companies
Running the company properly when it is just you and a co-founder.
Board meetings and minutes
Recording company decisions. Dull, and the evidence when it matters.
Bookkeeping
Recording what actually happened, accurately and on time. Everything else in your finances is built on it.
Bootstrapped growth versus funded
Two different games with different rules. Choosing deliberately matters.
Bootstrapping
Funding growth out of revenue rather than investment. Slower, and you keep the company.
Brand
Also called Branding, Brand identity
What people expect of you before they deal with you. The logo is the smallest part of it.
Brand identity and assets
The logo, colours, typefaces and voice — and owning them.
Break-even
Also called Break-even point, Breakeven
The level of sales at which you stop losing money and start making it. Knowable to the pound, and most owners have never worked it out.
Break-even point in cash
The sales level that keeps the bank balance flat. Different from profit break-even.
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