I look after three restaurants, one has been struggling for a while so on 3 Feb the owner decided to cease trading in that one (Rest C). He closed the business and told the staff. He has not yet appointed an official receiver but will be doing.
Wages for 3 monthly paid staff were calculated up to end January, due to be paid on 4th Feb. Two didnt get paid (one being a Director) the other - a chef! Im not sure about the restaurant manager but suspect she was given her wages through Rest A.
The weekly paid staff have already moved across to Rest A, so P45'd out of C and moved.
Ive been asked to move the Restaurant Manager NOW over to Rest A and P45 her out of Rest C now, although she will not be paid next until end of Feb.
My questions are:-
1) When should I P45 the restaurant manager out of the ceased company (Rest C)? Now and add her to the other company now?
2) When should I P45 the rest of them out? Once the official receiver has been appointed or immediately as the company has ceased trading?
3) As the chef didnt actually physically get paid - should I be deducting his wage from the P45? Or should even the P45 part wait until the official receiver has been appointed (and seen the books).
I dont think the chef is likely to get any money as there are no assets in the business.
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
