ACG Accounting Services

ACG Accounting Services We are a local Accountancy firm based in Perthshire. Please visit our web site for our full range of

An Accountancy business based in Perthshire and focused on our values which in turn allow us to work as part of your team to help you meet your personal and business goals.

Yesterday, we shared information on business insurance - you can't be without it!Today, we're looking at the difference ...
09/06/2026

Yesterday, we shared information on business insurance - you can't be without it!

Today, we're looking at the difference between Public Liability and Employers Liability.⬇️

Two types of insurance. One important distinction.

It's common for business owners to bundle employers' liability and public liability, but they cover very different situations.

The simplest way to think about it is like this:⬇️⬇️

✅ Someone inside your business makes a claim - that's employers' liability territory.
✅ Someone outside your business makes a claim - that's public liability.

Here's a simple breakdown ⬇️⬇️⬇️

✅Employers' liability covers you if an employee suffers a work-related injury or illness. And if you have employees, including temps, freelancers, volunteers, or trainees, you're legally required to have it.

At least £5 million worth. Skip it, and you're looking at fines of up to £2,500 per day.🧟‍♀️

✅Public liability covers you if a client or member of the public claims your business caused them injury or property damage. It's not usually a legal requirement, but depending on your contracts or your industry, it might as well be.

Not sure if you need one or both?

Well, the short answer: if you have anyone working for you in any capacity, employers' liability isn't optional.

Public liability is worth a serious look if you ever interact with clients or the public.

As we said yesterday, protect everything you've worked to build. And if you have questions, send us a message or give us a call.

☎️ 01250 398004

Team ACG

Business Insurance🔥As business owners, we have to have it.What type you need depends on how your business works. Here ar...
08/06/2026

Business Insurance🔥

As business owners, we have to have it.

What type you need depends on how your business works. Here are some guidelines. ⬇️

✅Public liability insurance - if you work with clients or the public.

✅Professional indemnity - if you offer advice, handle data or deliver a professional service.

✅Employers' Liability Insurance isn't optional - it's a legal requirement even if you have only one employee.

Unexpected situations arise, so getting this right means making sure all you work for doesn't come crashing down around you.

Make sure to know what you're covered for. 😊

Team ACG 👏👏

Let’s take a look at the advantages and disadvantages of taking a Director’s salary.The advantages:⬇️✅Regular income mea...
03/06/2026

Let’s take a look at the advantages and disadvantages of taking a Director’s salary.

The advantages:⬇️

✅Regular income means financial stability and a healthier credit ✅profile for loan applications

✅It uses your personal tax allowance (use it or lose it — you can't carry it forward)

✅It builds your National Insurance record, which counts towards your state pension

✅It reduces your company's profits, which lowers your corporation tax bill

✅It creates "net relevant earnings" — which determines how much you can pay into a pension tax-free

The disadvantages:⬇️

✅Salary is taxed at a higher rate than dividends

✅The more you pay yourself, the higher the NI contributions — for both you and your company

✅It's less flexible than dividends and means running a payroll system

For most directors, the most tax-efficient approach is a combination of salary and dividends structured to suit your specific situation.

We’ve given you something to think about.

If you would like to figure out what makes most sense for your situation, send us a message or give us a call.

☎️ 01250 398004

Team ACG👏

A HMRC rule change that charities and non-profits need to know about.Does your organisation receive grants, run a crèche...
01/06/2026

A HMRC rule change that charities and non-profits need to know about.

Does your organisation receive grants, run a crèche, or carry out what you'd call 'non-business' activities?

Read on ⬇️

HMRC has changed how it defines business vs non-business activity for VAT purposes. The ripple effects are particularly significant for charities and non-profits.

HMRC used to apply six criteria to determine whether an activity is considered a ‘business activity’ for VAT purposes. These criteria are based on principles laid down in two legal cases dating from 1978 and 1981.

Things have moved on!

And now HMRC are using a two-stage test to determine the status of any given activity.⬇️

✅Does the activity result in a supply of goods or services for payment?

✅Is that supply made with the purpose of generating income?

✅ If both answers are yes, it's a business activity, even if you're supplying at a loss.

✅ If there's no remuneration involved, it isn't.

We suggest it’s worth reviewing anything you currently treat as non-business in light of this.

👉 Full details and guidance here: [link]

Already an ACG client? Drop us a message and we'll talk you through what this means for your specific situation.

Eat breakfast like a King 👑...the Bossman knows how to do that, even when he's on the road.But look at those eggs - hard...
31/05/2026

Eat breakfast like a King 👑...the Bossman knows how to do that, even when he's on the road.

But look at those eggs - hard or soft, or somewhere in between?

How do you like your eggs?? (just in case the Bossman ever makes you breakfast) 🍳🍳😁😁

Most invoice fraud doesn't start with an all-guns-blazing hack.It starts with a familiar-looking email, a plausible amou...
27/05/2026

Most invoice fraud doesn't start with an all-guns-blazing hack.

It starts with a familiar-looking email, a plausible amount, and a finance officer or team that's too harassed to double-check.

It can start like this ⬇️

✅Fake invoices for goods or services that never existed

✅Real invoices intercepted and altered to redirect payment

✅Hacked email accounts used to send convincing fakes (known as Business Email Compromise)

😩Insiders quietly flipping supplier bank details within payment runs

We suggest you pay attention to some of the following red flags!

🚩A call - ‘here are our new bank details’ - treat this as a high alert, every time

🚩Urgency, confidentiality, or pressure to skip normal approval - NOPE!

🚩Small amounts just below approval thresholds — these are often deliberate

🚩Vague line items, mismatched fonts, or a logo that looks slightly off

In our opinion, if something feels off - stop and question it. Don’t react to any kind of urgency.

By pausing and investigating, you could save yourself a major headache further down the line!

Team ACG 😊

If you're thinking about buying an electric car through your business, here's what you need to know before the deadlines...
26/05/2026

If you're thinking about buying an electric car through your business, here's what you need to know before the deadlines.

What it is: You can deduct the full purchase cost of a brand-new, fully electric car from your taxable profits in the year you buy it. For a £40,000 vehicle, that's a £40,000 reduction in taxable profit - in year one.

➡️The deadline: 31 March 2027 for limited companies, 5 April 2027 for sole traders and partnerships. There's no guarantee of a further extension.

The small print worth knowing:⬇️⬇️

✅The car must be brand new and unused - second-hand EVs don't qualify

✅It must be fully electric (zero emissions) - hybrids don't qualify

✅If you sell the car later, the proceeds go back into your capital allowances pool, and depending on the balance, you may face a taxable charge

If you're considering leasing, the allowance doesn't apply - you'd claim relief on the rental payments instead

If a business EV is on your radar, the make sure to get in before the deadlines.

Team ACG 👏

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