Business Details
17 Years
experience
Expert Accountants in Lincoln & Grimsby
At Spence Accounting, we have built a reputation for delivering comprehensive accounting and tax services tailored to businesses of all sizes. With years of experience in the industry, our team combines technical expertise with a client-focused approach to ensure financial clarity and compliance. We specialise in bookkeeping, payroll processing, business planning, and strategic advisory services, leveraging technology-driven solutions like Xero and QuickBooks to enhance accuracy and efficiency. Our commitment to personalised support means we take the time to understand each client's unique needs, offering flexible service models that adapt to evolving business requirements.From start-ups to established enterprises, we provide the tools and insights necessary to navigate complex financial landscapes. Our dedication to staying ahead of regulatory changes ensures clients remain compliant while optimising tax positions. By prioritising transparency through fixed monthly fees and proactive communication, we empower business owners to focus on growth while we handle the intricacies of financial management.
Services
Bookkeeping
Payroll Processing
Business Support
Management Accounts
Tax Planning
Software Solutions
Business Continuity Planning
Financial Modelling
Annual Accounts
VAT Registration
Details
- Year established: 2009
Highlights and features
- We offer fixed monthly fees based on transaction volume for transparent pricing
- Our team uses Xero and QuickBooks to ensure accurate, real-time financial insights
- We provide tailored solutions combining DIY flexibility with expert support
- We deliver proactive compliance advice for Making Tax Digital (MTD) requirements
- Our cloud-based systems reduce paperwork while improving financial visibility
What people say
Full support
Strength to strength
Refreshing change
Informed decisions
Minimal fuss
Services
Bookkeeping
Our bookkeeping services ensure accurate transaction recording, bank reconciliation, and VAT compliance. We offer flexible solutions where clients can manage records independently with our guidance or leave all tasks to our expert team. Fixed monthly fees based on transaction volume provide cost predictability while cloud-based tools enable real-time financial insights.
Payroll Processing
We handle payroll processing, tax deductions, and HMRC compliance for businesses of all sizes. Our services include electronic payslip distribution, auto-enrolment pension support, and custom payroll reports. By outsourcing payroll to us, clients ensure accurate employee payments and timely submission of RTI returns while reducing administrative burdens.
Business Planning
Our business planning services create tailored roadmaps for growth through financial modelling and market analysis. We develop continuity plans, cash flow forecasts, and investment viability assessments. By combining strategic planning with tax optimisation, we help businesses navigate challenges while maintaining compliance with evolving regulations.
Management Accounts
We produce monthly or quarterly management accounts to enable timely business decisions. These reports analyse financial performance, identify cost-saving opportunities, and track progress against goals. By providing regular insights rather than annual reviews, we help clients maintain financial control and adapt quickly to market changes.
Tax Planning
Our tax planning services cover personal, business, and corporation tax requirements. We ensure accurate return submissions, identify legitimate tax reduction strategies, and prepare clients for Making Tax Digital compliance. With proactive planning, we help businesses maintain HMRC compliance while optimising their tax positions.
Questions
What accounting software do you work with?
We specialise in Xero and QuickBooks, providing setup, training, and ongoing support to ensure seamless financial management.
How does your payroll service work?
We process payroll on your chosen schedule, handle HMRC submissions, distribute electronic payslips, and manage pension auto-enrolment requirements.
Do you offer fixed-price accounting packages?
Yes, we provide all-inclusive monthly packages covering bookkeeping, payroll, tax filings, and financial statements with transparent pricing.
What is Making Tax Digital compliance?
MTD requires digital tax reporting using compatible software. We help businesses implement systems to meet HMRC's quarterly submission requirements.
How do you support business growth?
We offer strategic planning, financial modelling, and management accounts to help businesses make data-driven decisions and capitalise on growth opportunities.
Can you help with VAT registration?
Yes, we advise on VAT registration thresholds, handle HMRC registration, and ensure ongoing compliance with VAT return submissions.
