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Welcome

Salomone Accountants is fast becoming a leading exclusive accounting firm in Brisbane and the surrounding Milton area. We are a growing practice serving a sophisticated and specialised clientele.

 

Salomone Accountants offers a range of accounting services and specialises in:

Our clients include small and large businesses, professional individuals, property investors and share investors.

 

Over time, Salomone Accountants has developed a niche in providing business advice to small and large business clients. Our business clients that we look after come from many different areas of business, including medical, real estate, transport and construction – to name a few.

 

Salomone Accountants is widely recognised for the outstanding personalised service that our clients enjoy. Our friendly and caring team all endeavour to make our clients feel like they are part of our team and not just a number.

 

We pride ourselves on providing a high standard of professional service at all times, with our fees being fair and reasonable.

 

Our office is conveniently located in the heart of Cafés, Shops and Restaurants, just behind the La Dolce Vita Café and the iconic Eiffel Tower in Park Road, Milton.

 

Priding ourselves on our exceptional service, we provide our professional staff with the on-going extensive technical training and development needed to uphold our status and keep us positioned above the rest.

 

We believe our firm, Salomone Accountants, is as unique as the Park Road Milton precinct.

 

Parking & Public Transport
Our clients have many options in relation to accessing our office as there is parking available in the Savoir Faire complex, as well as off-street parking. We are also conveniently situated within a five minute walk from the Milton Train Station and the Milton Ferry Terminal.

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News

Changes to FBT for Utes

September 14, 2018

The Australian Tax Office (ATO) has released draft guidelines changing its previous stance on Fringe Benefits Tax (FBT) for utes. Amendments originated from reports that dodgy tax returns were responsible for a loss of $8.7 billion in income tax due to wrongful claims. Failure to comply with new requirements listed below may result in a 20 percent FBT imposed on the cost of the vehicle.

The requirement of a logbook
New rules require employers to ensure their workers using these vehicles keep detailed logbooks. Whether the logbooks are electronic or hard copy, it is vital that the process be effective for returns lodged in the 2019 FBT year, when the law takes effect. Employers receive confirmation via email from employees using the vehicles at the end of the 2019 FBT year with their logbook including all regulated diversions and private use.

Diversions and private use rules
The guidelines introduce capped limits for the log books to comply with. Professional travel means that the vehicle must not deviate more than 2km from its usual route. However, 1000 km of non-work related travel is allowed, provided that there is no single trip exceeding 200 km. Such regulations provide greater flexibility than previous guidelines. What the ATO deems “minor” or “irregular trips” like carpooling the children to and from school or an occasional trip to visit relatives will not render you non-compliant so long as it is recorded as non-professional use.