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Our people

Joe Salomone, CPA – Director

B.Bus, Grad.Dip. (FP)

 

Joe Salomone is the founding member of Salomone Accountants. After gaining a Business degree majoring in Accounting from the Queensland University of Technology, Joe went on to pursue a Graduate Diploma in Financial Planning at the Securities Institute of Australia. Since then he has become a qualified CPA, and has over 20 years experience working in business services and taxation.

 

Joe specialises in assisting Small Business clients in the areas of taxation, financial accounts, tax planning and restructuring. He also has vast experience in assisting clients who have investment and rental properties and share investments.

 

Professional and Administrative Staff

 

Salomone Accountants is a flexible workplace employer. This flexibility allows staff the opportunity to fulfill a work/life balance which creates a happy work environment.

 

Investment has been made in the professional development of all staff at Salomone Accountants and the experienced staff are able to offer clients a friendly and professional approach. All staff endeavour to provide professional and accurate advice to clients in a timely manner.

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News

What disqualifies you from an SMSF

May 20, 2019

SMSF’s are regulated by the ATO and have specific eligibility criteria that members and trustees must follow. While anyone 18 years old or over can be a trustee or director of an SMSF, they mustn’t be under a legal disability, such as mental incapacity, or a disqualified person.

The ATO can render an SMSF trustee as a disqualified person if they see the need, particularly in relation to illegal early access breaches. There are other ways a person may become disqualified and some may not even realise they have been. Continuing to act as an SMSF trustee or director of the corporate trustee while disqualified is an offence, further penalties may apply.

A person is disqualified if they:

The ATO has a Disqualified trustees register to see if an individual has previously been disqualified. The register provides information and easy search options to help determine whether a potential trustee has been disqualified. It is updated quarterly and includes all individuals who have been disqualified since 2012 (when the information was first published electronically).