Count Financial reveals cost impact of licensing for firms
Recent estimates provided by Count Financial show that for many SMSF firms, compliance with the limited licence regime has cost them tens of thousands of dollars and substantial hours away from their businesses. Speaking at a panel session at the SMSF Association national conference, Count Financial head of practice recruitment Euan Sneyd said while the compliance process with the limited licensing regime has often been touted as a straightforward process, for most accounting firms, the entire process has taken them an average of 292 days.