Advice on trading subsidiaries
Charities are not always exempt from tax and some of their activities may be regarded as trading which will potentially mean they have to pay tax on any profits.  If this is the case it is sometimes worth considering setting up a training subsidiary.
Training subsidiaries can also be used if a charity is embarking on a riskier activity and does not want to risk the assets and reserves of the charity.
Ensuring a training subsidiary is set up properly is critical because, if it is not done correctly, it can lead to issues with the charities commission and potentially large tax bills.
Bevan & Buckland have many years’ experience advising on setting up trading subsidiaries for charities to ensure that tax is minimised and the trustees comply with their duty to protect the charities assets.
Charity and non profit
Bevan Buckland are proud to work with many of Wales’ leading charities and not for profit organisations.
Charity training courses
Training to ensure Trustees and staff are kept up-to-date on key financial issues.
Trustees required
We are happy to promote Trustee vacancies here and also within our regular Charity Newsletter.
Forming a charity
We can help you through the process of picking the right type of charity for you.
Board training
We are able to offer a range of services tailored to your needs and have helped a number of our clients grow and flourish.Â
Independent examination reports
Bevan & Buckland can act as independent examiner or auditor.
Setting up a social enterprise
We act for many different social enterprises, from incorporated trust through to charities.
