IFA announces new partnership with Initor Global UK

The Institute of Financial Accountants (IFA) has launched a new partnership to support accountancy practices throughout the UK with a range of outsourced services.

The professional accountancy membership body has joined forces with Initor Global UK, a leading global accounting specialist, to enable members to expand their capacity. Initor Global UK provide finance and accounting (F&A) outsourcing services including accounting, bookkeeping, personal and business tax and payroll, which will now be available to all IFA members nationwide.

IFA CEO John Edwards explained: “The rapid onset of digitisation is providing significant opportunities in the accounting sector. In the fullness of time it will free accountants from day-to-day tasks and redirect existing resource into business adviser activities.

The accountancy and finance profession needs to see this as an opportunity to define its future role and put the social agenda at the core of the profession.

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“This means that accountants will be able to further support clients with value-add services such as budgeting and costing, forecasting, strategic planning, investment appraisal and cashflow management. Providing such a significant scope for differentiation benefits organisations, including SMEs, by helping to drive their business growth.”