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Palassis blames mistake

ACCOUNTANT Stan Palassis has blamed an internal “mess-up” for a  debt that prompted a Supreme Court of Western Australia order to wind up a company of his that was being pursued by the Australian Taxation Office.

Mr Palassis, who is managing partner of St Georges Terrace boutique accounting, consulting and advisory firm Stamfords, said the $180,000 debt claimed by the ATO against his company Showford Pty Ltd was related to a clearing account it operated for a Perth-based client.

He said the sum had been repaid, a fact confirmed by Showford administrator Mark Conlan of RSM Bird Cameron.

“It is just tax issue, it got messed up and it has been paid,” Mr Palassis said.

He said he was seeking to lift the wind-up order.

Like Stamfords Advisors and Consultants Pty Ltd, Showford’s officially registered office is London House on St Georges Terrace and the Dalkeith businessman is the only shareholder and director.

Stamfords manages the WA Government’s $1.6 billion home loans access scheme, Keystart

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