All change at Coopers
Article Abstract:
Coopers & Lybrand Ltd has managed a great logistics feat when it succeeded in moving 5,500 staff from13 separate locations to its new Embankment Place offices in London. The relocation, handled in-house by Coopers' construction and property management group, took 14 months and 26 million pounds sterling to complete. The company was compelled to completely reorganize its London operation after it merged with Deloitte Haskins & Sells in 1989. Coopers did not want the extremely expensive Embankment Place, a property of Deloitte, but was saddled with the building when it failed to sell the lease in a declining real estate market. Aside from shifting thousands of people, Coopers also had to contend with the eccentricities of Embankment Place. One of the problems that had to be worked around was blocking off noise coming from the trains that pass directly under the building.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1993
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Accountants' perk package changes gear
Article Abstract:
UK accounting firms typically offer employees a company car as a standard benefit. Firms usually arrange contract hire arrangements with leasing companies, and employees can chose a car that falls within a maximum lease cost. Contract hire arrangements ease the administrative burdens on the accounting firms since it is the leasing firm that handles purchase, sale, management, and maintenance. However, increases in the taxes levied on company cars has led many firms to review their provision of company cars as a benefit. The recent UK Budget increased taxes on company cars by 20%, and some firms are starting to offer cash alternatives to employees in lieu of a company car.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1991
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Still the best kind of benefit
Article Abstract:
Company cars are still the most cost-effective benefit available to employees despite the increases in UK taxation. Since 1987, the taxes on company cars has increased 240%. Firms offering employees company cars as a benefit can combat the increases in the cost of offering such benefits due to tax hikes by having company drivers downsize to a car in a lower scale charge bracket, by ensuring that cars are driven over 18,000 miles to decrease National Insurance contributions, and by switching to either unleaded fuel or diesel-fueled vehicles.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1991
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