Through boom and bust, BK has continued to help keep us profitable and they are a great source of positive encouragement. Nothing is too much trouble. I would recommend BK without hesitation to anyone in business or thinking of starting a business – BK is a firm of accountants who are professional, knowledgeable, experienced and who will go the extra mile.
Credit unions are exempt from corporation tax in relation to income earned from the principal activity, being the operation of a credit union.
This exemption, however, may not extend to any ancillary activities and does not extend to any capital gains such as that made on the sale of buildings.
Buckley Kiely Tax Advisory is available to give proactive advice to credit unions &/or members on all areas of taxation.