We’re already halfway through 2025 — can you believe it?
As we move into the second half of the year, there’s plenty happening here at PKF Far North and we’re excited to share it with you. In this edition, we celebrate a leadership milestone within our team, unpack key highlights from the 2025 Budget, and an important update for Incorporated Societies and more.
It’s a great time to stay informed and connected as we continue navigating a dynamic year. Let’s dive into the latest! |
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We’re excited to announce that Kayla Dean has officially stepped into the role of Director, joining Ayla Pene on our leadership team. Kayla’s journey with the firm began 16 years ago, her passion for the Far North brought her home early in her career, and she completed her degree through correspondence while gaining hands-on experience in the firm. |
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Over the years, Kayla has built deep relationships with clients, contributed to a strong team culture, and grown into a highly respected leader. When she’s not at work, Kayla enjoys family life with her two young daughters, along with a love for cooking and travel.
In May, Kayla attended the Leadership Exploration and Development (LEAD) Retreat in Fiji – a unique training experience that brought together emerging leaders from PKF firms across the Asia Pacific region. She’s returned with fresh ideas, new connections, and renewed energy for the path ahead. Some of her key takeaways included: |
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Connecting with people across the wider PKF network and realising many of us face the same challenges.
- The power of sharing ideas as a collective and learning from each other’s experiences.
- Recognising that we can influence real change at this level and bring fresh ideas to the table to benefit our firms and clients.
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Please join us in congratulating Kayla on this well-deserved achievement! |
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New Budget 2025: Navigating change - PKF’s shared insights |
The Government’s 2025 Budget focuses on securing New Zealand’s future through economic recovery, investment in essential services, and long-term sustainability. Delivered in a time of global uncertainty, the Budget balances growth with fiscal responsibility.
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Economic Outlook: Return to growth expected, with 240,000 new jobs and reduced government debt over four years.
- Business Support: New Investment Boost Tax Incentive allows 20% immediate asset deductions to stimulate investment.
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KiwiSaver Reforms: Gradual increase in contribution rates, expanded eligibility, and targeted government contributions.
- Cost of Living Relief: Extra support for 142,000 families, SuperGold cardholder rebates, and reduced prescription costs.
- Health: $7B in operating funding and $1B in capital for hospitals, cancer care, and GP access.
- Education: $1.5B investment, including $700M for new schools and $646M for learning support.
- Law & Order: $1.1B for policing, youth crime prevention, and prison capacity expansion.
- Defence & Foreign Affairs: $3B total to strengthen national security and regional stability.
- Infrastructure: $6.8B in capital funding for transport, health, and education projects.
- Fiscal Discipline: $21.4B in savings across 116 initiatives, with no new broad-based taxes.
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This Budget reflects a balanced approach—investing in New Zealand’s future while maintaining strong fiscal discipline.
Unsure where Budget 2025 has left you, financially? We understand the latest government announcements can create uncertainty. If you need help navigating changes in your financial situation, reach out to our team for a chat and some support. |
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Important Update: Incorporated Societies Act 2022 Now in Effect |
Effective 1 April 2025, the Incorporated Societies Act 2022 is now in force. This new legislation brings important changes that affect all incorporated societies in New Zealand.
Re-registration Required One of the most significant changes is that all societies registered under the 1908 Act must now re-register under the 2022 Act to remain incorporated. The deadline for re-registration is 5 April 2026. Key Changes to Be Aware Of |
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Constitution
Societies must have a constitution that complies with the new Act. - Committee Requirements
New minimum standards apply, including specific duties and eligibility criteria for officers. - Membership
The minimum number of members has changed, and each member must now provide consent to be a member. - Reporting Obligations
New financial reporting requirements are now in place. - Record Keeping
Societies must maintain an up-to-date register of members and other key records.
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What You Need to Do
To learn more about the re-registration process and the changes introduced by the new Act, please refer to the official guidance: 👉 Law Changes for Incorporated Societies If you have any questions or need assistance, please don’t hesitate to get in touch—we’re here to help. |
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Walk 50k this May for Incurable Cancer - Our team took on the challenge! |
Members of our office took part in the Walk 50k in May challenge, organised by New Zealand charity Sweet Louise! The goal of the challenge was to raise awareness and funds to support Kiwis living with incurable, advanced breast cancer. Together here at PKF Far North we raised $3,518 and collectively walked 1051km.
Our efforts contributed to the overall $750,495.31 and 200,000+ kms walked by many participants around New Zealand. Thank you to everyone who contributed to the cause! TOGETHER WE WALKED! TOGETHER WE MADE A DIFFERENCE! |
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School Visits – PKF Stewart Russell Scholarship |
Last month, our team visited Kaitaia College to present on careers in accountancy and the services we offer. It was a fantastic opportunity to connect with students, share insights into the profession, and introduce them the Stewart Russell Scholarship opportunity designed to support students who want to pursue accountancy / business.
We’re passionate about encouraging the next generation and would love to bring this presentation to more schools. If your school is interested in hosting a session or learning more about the Stewart Russell Scholarship, please get in touch — we’d be thrilled to collaborate! | Our team had an awesome offsite planning day on April 17. It was great to take a break from our usual work and brainstorm about the future of our firm.
We had some fantastic discussions and came up with exciting goals and plans for the year ahead. The energy was amazing, and we're pumped about what's coming next. Stay tuned for more updates as we move forward together! |
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Are you ready to level up your Xero skills?
Every second Friday we offer FREE 15-minute booster sessions to help you get the most out of Xero!
Whether you're new to the platform or looking to unlock more features, we've got you covered.
These are fortnightly events, so if you can't attend this one, be sure to come along to the next session. |
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🔷 Location: 2 Redan Road, Kaitaia
🔷 Time: 10am – 1pm (15-minute sessions)
🔷 When: Friday 11 July 2025
What to Expect
🔶 Quick and Easy: First come, first served
🔶 Focused Help: Bring your Xero-related questions or challenges
🔶 Bring Your Laptop: To access your Xero profile
🔶 Bonus: Walk away with Xero merchandise 🎁
Please Note
- Sessions are for basic Xero users only (no payroll, projects, or other integrated apps)
- A brief questionnaire will be given when you arrive.
Don’t miss this chance to get personalised help and boost your Xero skills. See you there!
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PKF Far North 2 Redan Road Kaitaia 0410 +64 (9) 408 9366 |
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