EVANS Head Newsagency faces an uncertain future after it was placed into liquidation due to tax debts of almost $300,000.
Owner Kevin Slatter said he was determined to continue trading until he was advised to close by the liquidator.
"I think it would be better to keep the doors open and try to sell the business as a going concern, but that will be entirely up to the liquidator," he said.
"It would be better for the staff, customers and suppliers that we continue trading."
Mr Slatter attended Friday's hearing at the Federal Court in Sydney where District Registrar Wall made final orders to wind-up Slatters Newsagency Pty Ltd.
Katherine Barnet of Bentleys Chartered Accountants and Business Advisors in Sydney has been appointed as the liquidator of the affairs of the business.
"I have been told the liquidator will be in contact with me next week, so until then I will continue trading."
District Registrar Wall also ordered Mr Slatter to pay the ATO's legal costs of $4790.
The wind-up of Slatters Newsagency follows a judgement on December 3, 2013, where Mr Slatter was ordered to pay a personal debt of $54,450.37 to the ATO.
An ATO spokeswoman confirmed proceedings to wind-up Slatters Newsagency Pty Ltd started in the Federal Court on December 13 last year.
"The ATO would always rather work with businesses, keep them trading and enter into payment arrangements then wind up businesses," the spokeswoman said.
"But at the end of the day, if companies won't deal with us when they've got debts then we have an obligation to all the other taxpayers who do the right thing."
"We've got an obligation to make sure that it's a level playing field for everybody."