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Income Taxes | 12 Months Ended
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Sep. 30, 2013
Income Tax Disclosure [Abstract] |
Income Taxes |
(8) | Income Taxes
The provision for income taxes is comprised of the following for the fiscal years ended September 30, 2013 and 2012:
|  | 2013 |  |  | 2012 |
Current |  |  |  |  |  |  |  |
Federal |  | $ | 1,652,900 |  |  | $ | 78,900 |
State |  |  | 379,300 |  |  |  | 28,600 |
|  |  | 2,032,200 |  |  |  | 107,500 |
Deferred |  |  |  |  |  |  |  |
Federal |  |  | 1,060,900 |  |  |  | 531,700 |
State |  |  | 238,400 |  |  |  | 122,100 |
|  |  | 1,299,300 |  |  |  | 653,800 |
Total |  | $ | 3,331,500 |  |  | $ | 761,300 |
The principal reasons for the differences from the federal statutory rate of 34% are as follows:
|  | 2013 |  |  | 2012 |
Federal tax at statutory rate |  |  | 34.00 | % |  |  | 34.00 | %
State tax at statutory rate |  |  | 5.83 |  |  |  | 5.73 |
Permanent and other differences |  |  | 0.50 |  |  |  | 4.11 |
Disallowed capital loss |  |  | 0.54 |  |  |  | — |
Effective Tax Rate |  |  | 40.87 | % |  |  | 43.94 | %
The tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities as of September 30, 2013 and 2012 are presented below:
|  | 2013 |  |  | 2012 |
Current deferred tax assets: |  |  |  |  |  |  |  |
Accrued compensation |  | $ | 19,900 |  |  | $ | 23,900 |
Deferred rent |  |  | 12,600 |  |  |  | 35,900 |
State taxes |  |  | 129,300 |  |  |  | 9,700 |
Capital loss carryforward |  |  | 110,400 |  |  |  | — |
Charitable contribution carryover |  |  | — |  |  |  | 96,200 |
Total deferred tax assets |  |  | 272,200 |  |  |  | 165,700 |
Less: disallowed capital loss |  |  | (110,400 | ) |  |  | — |
Net deferred tax assets |  |  | 161,800 |  |  |  | 165,700 |
Noncurrent deferred tax liabilities: |  |  |  |  |  |  |  |
Net Operating Loss |  |  | — |  |  |  | 44,800 |
Property and equipment |  |  | (46,000 | ) |  |  | (7,300 | )
Management contracts |  |  | (5,779,000 | ) |  |  | (4,566,600 | )
Total deferred tax liabilities |  |  | (5,825,000 | ) |  |  | (4,529,100 | )
Net deferred tax liabilities |  | $ | (5,663,200 | ) |  | $ | (4,363,400 | )
The tax benefits in 2012 and 2013 for share based compensation awards that will result in future tax deductions are included in deferred tax assets. The Company accounts for APIC adjustments related to tax deductions in excess of book deductions for stock based compensation using the with-and-without method, recognizing a windfall benefit to APIC only after considering all other tax benefits presently available to it.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
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