Trade Associations face many challenges; including retaining membership numbers, raising funds, governance and management issues and minimising your membership services costs and tax burden. Getting the right advice when you need it from advisers who understand you and the issues you face can make the difference between success and failure.
How we add value
We have a multi-disciplinary, specialist Trade Associations team headed by four partners. With over 70 Trade Association clients we have in-depth experience of the issues Trade Associations face. This knowledge enables us to offer practical advice and share areas of best practice to help our Trade Association clients succeed in meeting their core objectives.
How we can help you
We offer a comprehensive range of highly specialised services tailored to your needs that deliver real value. These include:
Kingston Smith Association Management (KSAM)
Our association management company - KSAM (which is the largest association management company in the UK) specialises in managing trade and professional associations, learned societies and other membership organisations. If you’re involved in running such an organisation, we can support you in delivering the best possible service and value for money for your membership.
Some examples
Help with Corporation Tax : Mutual trading
Help with governance
Help with income diversification
What our clients say
"Kingston Smith provides us with a wide range of commercial advice – from tax and accounting to HR consultancy services. Over the years, they have advised on and solved a number of complex issues, including tax, for us. Their specialist trade association knowledge is valuable as they completely understand our organisational needs. We have a close relationship with two senior partners who are accessible and adopt a 'hands-on' approach, which means we are never more than a phone call away from clear, expert, practical advice."
Kevin Waterman
Finance Director - Retail Motor Industry Federation
"Kingston Smith looked at our tax affairs and, specifically, the extent of the association's activities that should be covered by the mutual trading exemption provisions. The team applied their specialist knowledge and their advice was proactive, practical and commercial. They were extremely thorough, engaging with HMRC on our behalf and providing them with detailed information and analysis as required. As a result, HMRC agreed that the association's trading should be covered by the exemption and we were able to claim a corporation tax refund of £100,000. An excellent outcome!"
John Lewis
Chief Executive - British Vehicle Rental and Leasing Association