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Note 7 - Income Taxes: Note 7 - Income Taxes (Policies)
12 Months Ended
Sep. 30, 2014
Policies  
Note 7 - Income Taxes

NOTE 7 – INCOME TAXES

 

In assessing the recovery of the deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in the periods in which those temporary differences become deductible. Management considers the scheduled reversals of future deferred tax assets, projected future taxable income, and tax planning strategies in making this assessment.

 

As of September 30, 2014, the Company had net operating loss carry forwards of $81,551 that may be available to reduce future years’ taxable income through 2032. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. Components of net deferred tax assets, including a valuation allowance, are as follows at September 30, 2014.

 

Net Operating loss carry-forward                                                     $   81,551

Total deferred tax assets                                                                         28,543

Less valuation allowances                                                                 $  (28,543)

Net deferred tax asset                                                                         $             0

 

As a result, management determined it was more likely than not the deferred tax assets would not be realized as of September 30, 2014.