Both groups will pool information on policy issues and join forces when consulting with government agencies.
The agreement follows informal co-operation between the two groups. In the past the SPA had fed information into the FSB?s financial affairs committee.
The SPA has a network of more than 1,100 practices, ranging in size from sole practitioners to three-partner practices. The FSB has around 160,000 small business members.
Peter Mitchell, chairman of the SPA, said: ‘By working together, the two organisations can be more effective.’
Ruling out a merger in the future, Mitchell said the SPA would be able to help FSB members by offering advice on accountancy firms’ services.
‘We can present and position accountancy practices in a better way so that small businesses can understand what they are looking for in an accountant.’
Mitchell said the SPA would be supporting FSB’s manifesto for small businesses, calling for a simplification and reduction of business rules and regulations.
The federation and association’s websites are at:
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