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Note 5 - Income Taxes
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12 Months Ended |
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Sep. 30, 2012
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| Notes | |
| Note 5 - Income Taxes |
Note 5 - Income Taxes
As of September 30, 2012 the Company had net operating loss carry forwards of approximately $(41,648) that may be available to reduce future years’ taxable income through 2017. 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 full valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.
The components of the deferred tax asset, the statutory tax rate, the effective tax rate and the elected amount of the valuation allowance are indicated below:
From September 16, 2009 (Inception) To September 30, 2012
Net Operating Loss $41,648 Statutory Tax Rate 34% Deferred Tax Asset $14,160 Valuation Allowance $(7,100) Net Deferred Tax Asset $ 0
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