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Income Taxes (Tables)

12 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Schedule of components of the income tax provision from continuing operations

		For the years ended September 30,
		2018				2019				2020
Current		$	-			$	575,724			$	160,540
Deferred			286,905				147,660				(63,392	)
Total income tax provision		$	286,905			$	723,384			$	97,148

Schedule of reconciliations of the statutory income tax rate and the company’s effective income tax rate

		For the years ended September 30,
		2018				2019				2020
Net income before provision for income taxes		$	1,123,677			$	2,653,497			$	374,070
PRC statutory tax rate			25	%			25	%			25	%
Income tax at statutory tax rate			280,919				663,374				93,517
Expenses not deductible for tax purpose			5,986				2,194				3,650
Effect on valuation allowance			-				57,816				(19	)
Income tax expense		$	286,905			$	723,384			$	97,148
Effective tax rates			26	%			27	%			26	%

Schedule of deferred tax asset and liability

		As of September 30,
		2019				2020
Deferred tax assets:
Tax loss carry forwards		$	56,642			$	116,118
Bad debt allowance			20,244				32,624
Advertising expense			9,883				7,061
Staff education fund			24				-
Less: valuation allowance			(56,156	)			(58,479	)
Deferred tax assets, net		$	30,637			$	97,324

Schedule of valuation allowance provision for deferred tax assets

		For the years ended September 30,
		2018				2019				2020
Balance as of October 1,		$	-			$	-			$	56,156
Current year addition (reduction)			-				57,816				(19	)
Exchange rate effect			-				(1,660	)			2,342
Balance as of September 30,		$	-			$	56,156			$	58,479

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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