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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.

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Charity training courses

Training to ensure Trustees and staff are kept up-to-date on key financial issues.

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Trustees required

We are happy to promote Trustee vacancies here and also within our regular Charity Newsletter.

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Forming a charity

We can help you through the process of picking the right type of charity for you.

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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. 

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Independent examination reports

Bevan & Buckland can act as independent examiner or auditor.

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Setting up a social enterprise

We act for many different social enterprises, from incorporated trust through to charities.

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Had a great consultation with Harry on Tuesday morning, couldn't have wished for a better start to a great working relationship as I certainly will be using these guys' services in the future. Very professional from the moment we walked in , we were greeted warmly by the lovely receptionist Natasha and didn't wait long for our meeting to start at all, couldn't recommend these folks enough!
Caitlin Cooze
Caitlin Cooze
14:01 09 Aug 19
This is one of the largest accountancy offices in South West Wales with a history spanning over 100 years. This team of dedicated professionals certainly know what they are doing; in fact in my opinion they are the best practice in South West Wales by far. They've provided advice and support to my businesses over many years and despite their size, they still ensure immediate and personal access to the right people when advice or consultation is needed. Harri Lloyd Davies is one of the best in the business.
Laurence Winmill
Laurence Winmill
08:42 06 Dec 18
After using a few different accountancy firms, I must say; Bevan Buckland are head and shoulders above all of my experience. Genuine people who always have my business's interests at heart! Completely guided me through Making Tax Digital ready for April 2019.Cannot recommend them enough.
Jonathan Mayne
Jonathan Mayne
15:56 22 Nov 18
I would not hesitate in recommending Bevan And Buckland if you are looking for an accounting firm. Kristian is a real asset to the company and has made our transition across to them seamless. Kristian listened to the brief provided and has acted accordingly providing endless support from start to finish.
Sarah Draper
Sarah Draper
21:40 24 Oct 17
Moving our business to Bevan & Buckland was like a breath of fresh air. Their accounts team are so friendly and approachable, easy to communicate with and easy to understand! They have a very efficient operation there, backed by a great understanding and use of available technology. This is important to us as it helps us to be more efficient with our accounting and leads to lower costs. I would highly recommend Bevan and Buckland's services to any business.
Simon Toft
Simon Toft
12:29 30 Mar 17
Bevan Buckland LLP rated 1 of the 3 Top Accountants in Swansea