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![MYEFO: Extra funding to help ATO tackle illegal phoenixing, payday super](http://coreuat-cdn.smartcompany.com.au/wp-content/uploads/sites/4/2024/12/Jim-Chalmers-myefo-2.jpg)
A $1.55 billion package of ‘bonus’ tax deductions for small business is expected to deliver a further $300 million in benefits, according to new Treasury estimates.
Australia’s peak accounting and bookkeeping organisations are calling on Assistant Treasurer Stephen Jones to renegotiate a set of fresh industry rules, arguing tax practitioners will struggle to meet the August 1 compliance deadline.