The direct route to career progression - setting up in practice

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Take the next steps in your career by setting up your own practice. Gaining IFA Associate membership means you are eligible to apply for an IFA practising certificate.

Holding a practising certificate means you can do more than with many other associations and professional bodies. You’ll be able to undertake:

  • Tier 1 Visa application (UK Border Agency)
  • Charity independent examinations
  • ATOL/Civil Authority work.

A wide range of banks and building societies also accept reports signed by IFA practising members.

To be eligible to apply for a practising certificate there are up to 10 modules to complete:

103 Principles of taxation
104 Credit management and control
107 Financial statements, internal controls and systems in a business environment
108 Budgeting in a business environment
201 Management information
203 Law for accounting
208 Business finance
209 Financial reporting
301 Assurance
302 Advanced taxation

If you are an existing member of the IFA we will need to review your qualifications to ensure that they meet our new criteria for a practising certificate.

Further information on IFA practising certificate requirements.

Setting up in tax practice  

Take the next steps in your career by setting up your own tax practice. Gaining IFA Associate Tax Adviser membership means you are eligible to apply for an IFA practising certificate.

Among the benefits are:

  • Recognition for the taxation services you provide to the public.
  • Offering tax advice and expertise.
  • Appearing on our Find an Accountant register.

To be eligible to apply for tax adviser membership and a tax practising certificate there are up to two modules to complete or you will need to provide evidence of having completed equivalent modules:

103 Principles of taxation
302 Advanced taxation

If you are an existing IFA Tax Adviser member we will need to review your qualifications to ensure that they meet the new criteria for a tax practising certificate.

"The IFA Direct programme is the lifeblood of our practice in the future. I have taken the lead in the practice but several of my daughters (who work with me) have expressed they also need to consider succession planning in that the good name of the practice must have continuity after I retire." IFA practising member