A Dunedin man has been left owing nearly $250,000 after Inland Revenue put his company into liquidation on October 21.
But Paul Harrison contends the failure of the company stems from a dispute between his Boardbase company and a former accountant.
Boardbase traded at 307 George St, Dunedin. It ceased trading on October 20, the weekend before it was placed into liquidation. The company's retail shop sold ski, surf and street apparel.
In the first report, liquidator Wendy Somerville, from PwC, said the liquidators were aware of the dispute in regards to advice about transferring losses between his companies and shareholder continuity.
''We have requested all company records and will investigate the details of the dispute and if the company has a claim against the former accountant.''
IRD placed the company into liquidation for unpaid taxes. During liquidation, the actions of the directors would be investigated to ensure all relevant law was complied with, she said.
It was understood two employees were owed wages and holiday pay but the liquidators were yet to receive confirmation as to the amount owed to those employees. It was estimated the employees were owed $2800.
The first report showed a total shortfall to all creditors of $247,480. IRD had filed claim for outstanding GST and Paye of $175,695, including a preferential claim of $44,802.
