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 being self-employed

Within 3 months of starting to trade (making your first sale). Spence Accounting can help you complete the necessary paperwork and advise on what will happen next.
When you do register HMRC will then issue you with a fine of £100 for late notification. We, therefore, advise you to speak to us as soon as possible.
Yes, this is correct, if your income is below this level HMRC does not require you to report this income. This is turnover, total sales, not profit.
You will pay tax at 20% on your earnings over the tax-free allowance, which changes annually. If you earn over £50,000 per year your income will be taxed at a higher rate of 40%. (Per the current legislation 2020/21).
When self-employed you pay two types of national insurance. Class 2 and Class 4. Class 2 National insurance is a fixed annual amount and contributes towards state pension and benefits. This will be calculated as part of your tax position when you file a tax return. Class 4 National Insurance is payable on your profits over the basic rate national insurance threshold. This is at a rate of 9%. The basic rate national insurance threshold changes on an annual basis and is lower than the tax personal allowance.
Anything that is for business (wholly and exclusively). If you would like to talk to one of our advisors, we can give you a more detailed idea of what you can and can’t claim for your business.
This should be looked at on a case by case basis. For some people being Limited gives you protection and you might pay less tax than if you were self-employed. We would strongly suggest speaking to an advisor before making any decisions.

Strategic Success