The Company provides for income taxes under ASC 740, Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax basis of assets and liabilities and the tax rates in effect when these differences are expected to reverse. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.

On December 22, 2017, the United States enacted the Tax Cuts and Jobs Act (the Act) resulting in significant modifications to existing law. The Company has considered the accounting impact of the effects of the Act during the year ended April 30, 2018 including a reduction in the corporate tax rate from 34% to 21% among other changes.

The components of the Company's deferred tax asset and reconciliation of income taxes computed at the new statutory rate of 21% to the income tax amount recorded as of April 30, 2019 and 2018 are as follows:

	April 30,			April 30,
	2019			2018
Net operating loss carryforward	$	(91,450	)	$	(50,638	)
Effective tax rate		21	%		21	%
Deferred tax asset		(19,205	)		(10,634	)
Less: Valuation allowance		19,205			10,634
Net deferred asset	$	-		$	-

The change in the valuation allowance during the years ended April 30, 2018 and 2017 was $8,571 and $ 9,646, respectively. The effect of the change in the tax rate from 34% to 21% was a decrease in the deferred tax assets of $0 and $6,205 for the years ended April 30, 2019 and 2018, respectively.

As of April 30, 2019, the Company had $91,450 in net operating losses (NOLs) that may be available to offset future taxable income. In accordance with Section 382 of the U.S. Internal Revenue Code. The usage of the Company's net operating loss carry forwards is subject to annual limitations following greater than 50% ownership changes. Tax returns for the years ended 2016 through 2019 are subject to review by the tax authorities.