What recent rate extensions mean for you and your clients

The Australian Tax Office has confirmed it has extended the work-from-home shortcut method. But what else is on the horizon? In this episode of Accountants Daily Insider, Michael Croker, tax leader at Chartered Accountants Australia and New Zealand joins host Emma Ryan to dissect recent moves made by the ATO and how these changes will reshape conversations with clients moving forward. Michael gives an overview of what to expect as the profession continues to evolve over the next 12 months and what he thinks will be the biggest challenges employers will need to navigate as their staff return to office. He also discusses the ATO’s plans to “modernise” the 52¢ per hour fixed-rate method and what he hopes will come from it.