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

What about VAT

No, your turnover needs to exceed, or you know your turnover will exceed £85,000. This is over a rolling 12-month basis so it is important to keep an eye on your income.
You need to register for VAT within 30 days of going over or knowing you are going to go over the VAT threshold.
Yes, you can. It will depend on your business whether or not this is the best decision for you, please speak to our advisors or will be able to advise on the pro’s and con’s of being VAT registered.
Most items are rated at 20% for VAT. There are some exemptions to the rule and we would suggest speaking to one of our advisors to make sure you are charging the correct amount for your business.
Your VAT return has to be submitted electronically to HMRC. If you have exceeded the VAT threshold you will need to do this using software such as Quick Books or Xero.
You can now keep your records electronically. There are some exemptions to this like finance agreements that you will need to keep a paper copy. We do recommend that you keep copies of all receipts for purchases whether electronic or paper.
No, you do not have to keep your accounts using software. There are advantages to using software and as your business grows, being in good habits from the beginning will help you progress faster as you will already be well organised. If you want to talk through our software solutions one of our advisors can help you make the best decision for your business.

Strategic Success