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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

Proactive consolidation with ILBAs

November 13, 2019

Inactive low-balance accounts (ILBAs) are a new category account that needs to be reported and paid to the ATO. This was introduced in the Treasury Law Amendment (Protect Your Superannuation Package) Bill 2019 that came into effect on 1 July 2019 after first being announced in the 2018-19 Federal Budget.

ILBAs are designed to protect accounts from fee erosion. Where possible, the ATO will proactively consolidate super on behalf of an individual.

A superannuation account is considered an ILBA if the following criteria are met:

Funds are required to identify ILBAs on 30 June and 31 December each year, then report and pay them to the ATO by the statement date.

Individuals that have an account that they do not want to be transferred to the ATO as an ILBA, can consolidate super accounts using ATO online services through myGov, contact their super fund for more information or authorise their super fund to provide a written declaration to the ATO.