Business Planning Services

At Spence Accounting, we understand that a well-crafted business plan is essential for success. Whether you're launching a new venture, seeking funding, or aiming to grow your existing business, our Business Planning Services are designed to help you map out a clear path forward. Our experienced team works closely with you to develop comprehensive plans that align with your vision and objectives.

Our Business Planning Services

Customised Business Plans
Every business is unique, and so should be your business plan. We create tailored business plans that reflect your specific goals, market conditions, and competitive landscape. Our plans include detailed financial projections, market analysis, and strategic recommendations to guide your business toward success.
Strategic Planning and Forecasting
We help you look ahead by providing strategic planning and forecasting services. By analysing market trends, financial data, and operational capabilities, we assist you in setting achievable goals and developing strategies to reach them. Our forecasting models enable you to anticipate challenges and capitalise on opportunities.
Financial Modeling and Analysis
Understanding your financial position is critical for making informed decisions. Our team provides in-depth financial modeling and analysis to help you assess the viability of projects, investments, or expansions. We offer insights into cash flow management, budgeting, and financial performance to support your strategic initiatives.
Business Continuity Planning
In today's unpredictable environment, having a robust business continuity plan is essential. We work with you to identify potential risks and develop contingency plans to ensure your business remains resilient in the face of challenges. From disaster recovery to operational continuity, we've got you covered.

Why Choose Spence Accounting for Business Planning?

Benefits of Our Business Planning Services

Ready to Plan for Success?

If you're looking to take your business to the next level, Spence Accounting's Business Planning Services can help you get there. Contact us today to schedule a consultation and start building a roadmap to achieve your business goals.

Start Your Plan Today

Thinking of employing staff

No, you need to set up and operate a proper payroll scheme to pay your employee. When processing payroll we submit the income for each employee to HMRC and this helps HMRC advise employers what tax the individuals should pay. HMRC also use this information to identify if someone is entitled to Universal Credits so that individuals are paid accurately. We can help give you advice on employing new staff.
Although yes you can, currently, we recommend paying your staff by electronic transfer. It will help with your record keeping. If you do pay your employees by cash we recommend that you ask your employees to sign for the wages to confirm you have paid them.
This will depend on your employee’s age. You have to by law pay national minimum wage. This does change each year. If you would like advice on what to pay your employee, please contact one of our advisors.
It is likely that your employee or someone else will report you to HMRC. If you are found to not pay your employee National Minimum Wage you will be required to make any settlement payments and any tax or national insurance owed to HMRC. Penalties can also be applied by HMRC. We recommend taking advice from our team to avoid this.
We can help you do this by using our payroll service. We will be able to advise you on what your employee has earned and what tax and national insurance needs to be paid.

Strategic Success