 | This article needs additional citations for verification .(August 2023) |
The Federation of Tax Advisers (formerly "FTA") is a former professional body concerned with UK taxation issues. The FTA was established in 1997. On 3 June 2009 it became a part of the IFA Group through a merger with the Institute of Financial Accountants.
The Federation of Tax Advisors ("FTA") regulated professional tax advisers on a voluntary basis. The FTA campaigns for a fairer and less complex tax system. Its purpose was to encourage the study of taxation and to promote best practice in the administration of taxation in the UK. It also provided a qualification and regulatory structure for its members. [1]
Persons who met the requirements of relevant work experience and accountancy and tax examination requirements, were eligible to apply for membership. Members were denoted by the acronym/ post nominal "FTA" indicating they were a member of the Federation of Tax Advisors.
As indicated above, on 3 June 2009, the FTA became a part of the IFA Group through a merger with the Institute of Financial Accountants, "IFA" and is now its tax faculty.
Following this merger, some former FTA members became Tax Advisors of the IFA. There are two levels of tax advisors of the IFA:
Members at Associate or Fellow level may apply for and be granted an IFA tax practicing certificate subject to meeting the eligibility criteria. However, this certificate will only allow them to be supervised for taxation work. If they provide services to the public that are not covered by their tax practicing certificate, such as accountancy, this can affect their membership and supervision with the IFA.
An IFA member applying for a tax practising certificate must:
An accountant is a practitioner of accounting or accountancy. Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certified Accountant or Certified Public Accountant, or Registered Public Accountant. Such professionals are granted certain responsibilities by statute, such as the ability to certify an organization's financial statements, and may be held liable for professional misconduct. Non-qualified accountants may be employed by a qualified accountant, or may work independently without statutory privileges and obligations.
Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. It is generally equivalent to the title of chartered accountant in other English-speaking countries. In the United States, the CPA is a license to provide accounting services to the public. It is awarded by each of the 50 states for practice in that state. Additionally, all states except Hawaii have passed mobility laws to allow CPAs from other states to practice in their state. State licensing requirements vary, but the minimum standard requirements include passing the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting-related experience.
The Chartered Institute of Taxation (CIOT) is a registered charity and the leading professional body in the United Kingdom concerned solely with taxation. The CIOT deals with all aspects of direct and indirect taxation.
The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional membership organisation that promotes, develops and supports chartered accountants and students around the world. As of December 2023, it has over 208,000 members and students in 146 countries. ICAEW was established by royal charter in 1880.
Chartered accountants were the first accountants to form a professional accounting body, initially established in Scotland in 1854. The Edinburgh Society of Accountants (1854), the Glasgow Institute of Accountants and Actuaries (1854) and the Aberdeen Society of Accountants (1867) were each granted a royal charter almost from their inception. The title is an internationally recognised professional designation; the certified public accountant designation is generally equivalent to it. Women were able to become chartered accountants only following the Sex Disqualification (Removal) Act 1919 after which, in 1920, Mary Harris Smith was recognised by the Institute of Chartered Accountants in England and Wales and became the first woman chartered accountant in the world.
Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA). It has 240,952 members and 541,930 future members worldwide. ACCA's headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of over 110 offices and centres in 51 countries - with 346 Approved Learning Partners (ALP) and more than 7,600 Approved Employers worldwide, who provide employee development.
The Association of Accounting Technicians (AAT) is a professional body for Accounting Technicians, with over 150,000 members worldwide.
The Chartered Institute of Public Finance and Accountancy (CIPFA) is a UK based organisation for accountants who work in the public sector, accounting firms and other professional bodies where management of public funds are required. CIPFA is the only UK professional accountancy organisation who is dedicated to public financial management. They currently have approximately 14,000 members. They offer qualifications including a professional qualification for public sector accountants as well as a postgraduate diploma for people already working in management.
A financial planner or personal financial planner is a qualified financial advisor. Practicing in full service personal finance, they advise clients on investments, insurance, tax, retirement and estate planning.
The Hong Kong Institute of Certified Public Accountants is the professional accounting body of Hong Kong.
A tax advisor or tax consultant is a person with advanced training and knowledge of tax law. The services of a tax advisor are usually retained in order to minimize taxation while remaining compliant with the law in complicated financial situations. Tax Advisors are also retained to represent clients before tax authorities and tax courts to resolve tax issues.
The Institute of Public Accountants (IPA) is one of the three legally recognised professional bodies for accountants in Australia. The IPA represents more than 25,000 voting members working in industry, commerce, government, academia and professional practice.
The Institute of Chartered Accountants in Australia was the professional accounting body representing Chartered Accountants in Australia before it merged with the New Zealand Institute of Chartered Accountants to become Chartered Accountants Australia and New Zealand.
British qualified accountants are full voting members of United Kingdom professional bodies that evaluate individual experience and test competencies for accountants.
The Institute of Financial Accountants (IFA) is a professional accountancy body representing and providing certification for financial accountants in the United Kingdom. The IFA is a full member of the International Federation of Accountants.
The Chartered Financial Planner is a qualification for professional financial planners and financial advisers awarded by the Chartered Insurance Institute.
The Association of International Accountants (AIA) is a professional accountancy body. It was founded in the UK in 1928 and since that date has promoted the concept of ‘international accounting’ to create a global network of accountants in over 85 countries worldwide.
The Association of Taxation Technicians or ATT, is a leading professional body in the UK for those providing tax compliance services and related activities. It is registered with The Charity Commission in the UK (803480).
CPA Ireland, formerly the Institute of Certified Public Accountants in Ireland, is one of the main Irish accountancy bodies, with 5,000 members and students.
The Institute of Certified Management Accountants of Sri Lanka, is a professional body offering qualification in management accountancy in Sri Lanka.
 | This article about an organisation in the United Kingdom is a stub. You can help Wikipedia by expanding it. |
 | This article about a professional association is a stub. You can help Wikipedia by expanding it. |