Business Details
24 Years
experience
Expert Accounting Services in Chelmsford
Terry Prosser Accounting Solutions is a dedicated team of accountants committed to delivering high-quality, client-focused services tailored to meet individual and business needs. Founded in 2002 by Terry Prosser, a Fellow of AAT and ACCA, the firm has built a reputation for providing personalized accounting solutions to clients in the Royal Borough of Kensington & Chelsea, the Channel Islands, and beyond. With over two decades of experience, Terrys career began at age 16 through a YTS placement, progressing through roles at firms like Baker Tilly while completing professional qualifications. The firm prioritizes practical, client-centric reporting over generic documentation, ensuring clients receive actionable financial insights aligned with their specific requirements. Specializing in tax, VAT, bookkeeping, and statutory accounts, the team leverages advanced technology and deep industry knowledge to streamline processes, recover overpaid taxes, and minimize audit costs.Their approach emphasizes transparency, efficiency, and long-term client relationships, supported by a deep understanding of property industry complexities and offshore investment structures. Located in Chelmsford with ample parking, the firm combines local accessibility with expertise serving diverse clients, from sole traders to offshore property organizations. Terrys philosophy of avoiding unnecessary administrative burdens ensures clients benefit from cost-effective, streamlined services without compromising quality or compliance. The firms growth, driven by client referrals, reflects its commitment to adapting to evolving tax legislation while maintaining a focus on cash-flow management and strategic financial planning.
Services
Tax Return Preparation
VAT Returns
Bookkeeping
Statutory Accounts
Payroll Management
Business Formation
Budgeting & Forecasting
Details
- Year established: 2002
Highlights and features
- We offer 20+ years of experience in tax and VAT compliance for property and offshore businesses.
- Our reports are tailored to client needs, avoiding unnecessary administrative burdens.
- We specialize in Making Tax Digital compliance and HMRC refund recovery.
- Our team maintains strong relationships with auditors to minimize client costs.
- We combine advanced technology with hands-on client communication via email and phone.
Associations and certifications
- AAT
- ACCA
Services
Tax Return Preparation
We prepare and file individual, corporate, and partnership tax returns with HMRC, ensuring compliance with evolving legislation. Our expertise identifies potential overpayments for recovery and leverages online systems for last-minute submissions. Clients benefit from strategic planning to minimize liabilities while maintaining full statutory compliance.
VAT Returns
Our team manages complex VAT obligations, including rate selection, partial exemption calculations, and Making Tax Digital compliance. We prepare online returns, optimize payment schedules, and provide tailored guidance for property developers and businesses with listed buildings, ensuring adherence to specific regulatory requirements.
Bookkeeping
We offer comprehensive bookkeeping services, managing rent collection, supplier payments, and financial reporting for property developers. Using digital systems, we provide instant invoice access, regular tailored reports, and daily internet banking support across major UK banks to maintain accurate, up-to-date financial records.
Statutory Accounts
We prepare statutory accounts for companies and groups, fulfilling directors' legal obligations. Our services include audit preparation, file organization to reduce third-party costs, and liaison with auditors to streamline year-end processes while ensuring compliance with accounting standards and regulatory requirements.
People
Terry Prosser
Founder & Director
Fellow of AAT and ACCA with 25+ years' experience, Terry established the firm in 2002 after training at Baker Tilly. He specializes in property sector accounting, emphasizing client-tailored reporting over standardised documentation to improve financial decision-making.
Questions
What accounting services do you specialize in?
We specialize in tax returns, VAT compliance, bookkeeping, statutory accounts, payroll, and business formation services tailored to property businesses and offshore investors.
How do you tailor financial reports to client needs?
We focus on delivering actionable insights like cash-flow analysis rather than generic reports, avoiding unnecessary documentation that doesn't address specific client requirements.
Do you handle Making Tax Digital compliance?
Yes, we manage all aspects of MTD compliance for VAT and support digital tax submissions to ensure HMRC regulatory adherence.
Can you assist with HMRC overpayment claims?
We actively monitor client tax accounts and submit refund claims for overpaid taxes through HMRC's online systems.
What areas do you serve?
Based in Chelmsford, we serve clients in Kensington & Chelsea, the Channel Islands, and nationwide with remote accounting support.
