Quarterly report pursuant to Section 13 or 15(d)

PROVISION FOR INCOME TAXES

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PROVISION FOR INCOME TAXES
 3 Months Ended
Jan. 31, 2014
Income Tax Disclosure [Abstract]  
PROVISION FOR INCOME TAXES
NOTE 8 -PROVISION FOR INCOME TAXES
 
The Company follows ASC 740, Income Taxes.  ASC 740 requires the use of an asset and liability approach in accounting for income taxes. 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.  ASC 740 requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.
 
The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 34% to the net income before provision for income taxes for the following reasons:
 
 
  
 
January 31, 2014
    
October 31, 2013
  
Income tax (benefit)  expense at statutory rate
  
$
100
    
$
(1,300
)
Valuation allowance
    
(100
)
    
1,300
  
Income tax expense per books
  
$
-
    
$
-
  
 
There are no net operating losses to apply against future income. The Internal Revenue Service may audit tax returns for six years from their respective filing date.  Our initial tax return was for the fiscal year ended October 31, 2011 and each subsequent year through October 31, 2013 remain open.