PKF Kendons

Last night, the PKF Kendons team enjoyed a fantastic dinner at Istana Malaysia! Great food and even better company made for an awesome evening. #TeamDinner #PKFKendons #GoodVibes

A few weeks ago we held a movie fundraiser to raise funds for the Lower Hutt Foodbank. With those funds we were able to purchase two trollies full to the brim with some of the foodbank's most needed items. Thanks again to our amazing team for their continued generous support of this well deserving charity. #pkfkendons #lowerhuttfoodbank #goodcause #givingbacktothecommunity

Last week, as part of our Mental Health Awareness Week activities, we turned our boardroom into a yoga studio. It was a great session and a fantastic way to end the week. Huge thanks to Hilary and Victoria from Anahata Yoga Studio. #pkfkendons #MHAWNZ #yoga

Happy Auditor Proud Day to our amazing audit team! Earlier this week the team from CAANZ visited to celebrate 10 years of #Auditor Proud with a very delicious chocolate cake for the team - thanks Jarrod and Nicola #pkfkendons #AuditorProud #CAANZ

Our Mental Health Awareness Week activities continued today with Weber Wednesday! Nothing like a barbequed sausie or two to bring the team together! #pkfkendons #MHAWNZ #bbq

As part of our activities for Mental Health Awareness Week, today we had the awesome Tony come in and treat the team to neck and shoulder massages. The team are now feeling very relaxed and energised for the week 😃. Big thanks to Sonia and Tony from Breathe Massage Ltd. #pkfkendons #MHAWNZ #wellbeing #massage

🎬🍿 Movie Night Fundraiser for a Great Cause! 🍿🎬 On Tuesday evening, we had a great time at Lighthouse Cinema watching Thelma and raising funds for the Lower Hutt Foodbank! It was a fun evening, and we’re thrilled to share that we raised just under $500! With these funds, we’ll be purchasing much-needed necessities for the Foodbank and delivering them next week to support those in need. Thank you to everyone who came out and supported this fundraiser. #pkfkendons #fundraiser #givingback #charityevent

Most of us are now aware of Crypto assets and some of us will no doubt own and deal in Crypto. With more than 25,000 crypto assets circulating in the marketplace, the tax authorities including NZ IRD are now paying more and more attention to the Crypto space. If you have Crypto assets, your taxable income might be through a variety of activities including mining crypto, staking crypto, lending crypto, selling or exchanging crypto or getting paid in crypto. Whether the transaction is taxable will depend on what activities you undertake. In early July 2024, IRD issued a warning about investigating taxpayers that hold Crypto. IRD have already identified crypto asset users in NZ who are estimated as undertaking around 7 million transactions with a value of $7.8 billion. In addition to this, the recent (August 2024) Tax Bill sets out the proposed implementation of OECD’s new crypto-asset reporting framework (“CARF”) in NZ. Under the CARF, New Zealand-based crypto-asset service providers will need to collect and report information to IRD. This will be effective from 1 April 2026 with the first reporting due by 30 June 2027. Information on these transactions and users will then by shared with other tax authorities. Morale of the story is that if you have any crypto assets and haven’t looked into how these will affect your tax position then we highly recommend that you come and talk to your PKF Kendons advisor. The sooner you establish the correct treatment and advise the IRD (where required), the less likely that you will be penalised in the future. We think that it’s not a matter of if, it’s a matter of when, IRD will come knocking. (Disclaimer: this is generalised advice – professional advice should be sought for individual circumstances). #pkfkendons #taxquestions #Crypto

Keep an eye out for our next Frequently Asked Tax Question - coming soon! And remember, if you have a topic you'd like our Tax Associate, Punsara to cover, leave a comment below. 👇 #PKFKendons #TaxQuestions

Yesterday the team had a special morning tea to celebrate our 2024 grads successfully completing their grad programme! Well done Alec, Brandon, and Henry on graduating the grad programme and huge thanks to Ali and Jo for your awesome teaching and mentoring. #pkfkendons #mentoring #graduating