INCOME TAXES

6 Months Ended

Mar. 31, 2021

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

NOTE 7:  INCOME TAXES

The provision for income taxes for the three and six months ended March 31, 2021 and 2020 is as follows:

	Three Months Ended March 31,				Six Months Ended March 31,
	2021		2020		2021		2020
Income tax (expense) benefit	$	(184,300)		(43,000)	$	(330,300)	$	(94,400)

The Company uses the asset-liability method of computing deferred taxes in accordance with FASB ASC Topic 740.  The difference between the effective tax rate and the statutory tax rates is due primarily to the effects of state taxes net of the federal tax benefit and nondeductible variable costs of shareholder usage.

As of March 31, 2021, September 30, 2020, and March 31, 2020, the Company’s deferred tax liability was $375,400 $423,100 and $435,600, respectively.  Deferred income taxes arise from temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, which will result in taxable or deductible amounts in the future.  The majority of the balance is due to timing differences of depreciation expense, caused by the use of accelerated depreciation methods for tax calculations.