The Federation of Tax Advisors (FTA) has voted to join the IFA group. The vote took place at their General Meeting on 3rd June with an overwhelming majority voting for the proposal. The FTA itself has nearly 600 members who will now become affiliates of the IFA.
David Woodgate of IFA group said, “At a time when there is a greater focus on the role of tax agents, and tax business is an increasingly important part of the work of IFA members in practice, this opportunity was too good to miss.”
It is likely that the FTA will retain its name, effectively becoming the specialist tax grouping within IFA who will now promote FTA services alongside their ongoing promotion of existing services. This means that members of the FTA and IFA will now be offered a wider range of benefits.
The IFA regularly hold regional and national events which members of the FTA will now be eligible to attend. Paul Harmsworth of FTA will head a new FTA committee whose role will be to look after the interests of its members.
Due to new regulations, a Tax Practicing Certificate will be issued to FTA members. Some FTA members also prepare accounts and they will also require a Certificate of Compliance to practice that area of their work.
The IFA is in the process of developing and introducing new initiatives in marketing, educational programmes and plans for development, including this new affiliation with FTA. The final aim of such initiatives is to support the IFA to gain full membership of IFAC while also supporting the professionals who are working in and for the SME sector.