UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q
(Mark One)

x
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the quarterly period ended August 31, 2011

o
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT

For the transition period from ____________ to ______________

Commission file number: 333-167984

INCOME NOW CONSULTING
(Name of registrant in its charter)

Nevada
 
7380
 
68-0680465
(State or jurisdiction
of incorporation or organization) 
 
(Primary Standard
Industrial Classification 
Code Number)
 
(IRS Employer Identification No.) 

1736 Angel Falls Street
Las Vegas, NV, 89142-1230
(Address of principal executive offices)

(209) 694-4885
(Registrant's telephone number)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes x    No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).   Yes o  No o

Indicate by check mark whether the registrant is a large accelerated filer, and accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer  o
Accelerated filer   o
Non-accelerated filer  o
Smaller reporting company  x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act. Yes  x   No  o

At October 8, 2011, there were 4,804,000 shares of the Issuer's common stock outstanding.

 
 

 

INCOME NOW CONSULTING
(A Development Stage Company)
Balance Sheets
 
PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS
 
 
August 31,
 
May 31,
 
 
2011
 
2011
 
 
(Unaudited)
       
ASSETS
 
CURRENT ASSETS
           
             
Cash
  $ 273     $ 291  
                 
Total Current Assets
    273       291  
                 
TOTAL ASSETS
  $ 273     $ 291  
                 
                 
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
 
                 
CURRENT LIABILITIES
               
                 
Accounts payable
  $ 3,267     $ 177  
Interest payable
    176       -  
Notes payable - related party
    17,605       -  
Accounts payable - related party
    4,500       17,605  
                 
Total Current Liabilities
    25,548       17,782  
                 
STOCKHOLDERS' EQUITY (DEFICIT)
               
                 
Preferred stock, 50,000,000 shares authorized at par value of $0.0001, no shares issued and outstanding
    -       -  
Common stock, 100,000,000 shares authorized at par value of $0.0001, 4,804,000 shares issued and outstanding
    480       480  
Additional paid-in capital
    40,120       40,120  
Deficit accumulated during the development stage
    (65,875 )     (58,091 )
                 
Total Stockholders' Equity (Deficit)
    (25,275 )     (17,491 )
                 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
  $ 273     $ 291  
 
The accompanying notes are an integral part of these financial statements.
 
 
2

 
 
INCOME NOW CONSULTING
 
(A Development Stage Company)
Statements of Operations
(Unaudited)
 
 
             
From Inception
 
               
on April 23, 2010
 
   
For the Three Months Ended
   
through
 
   
August 31,
   
August 31,
 
   
2011
   
2010
   
2011
 
                   
REVENUES
  $ -     $ -     $ -  
COST OF SALES
    -       -       -  
GROSS MARGIN
    -       -       -  
                         
OPERATING EXPENSES
                       
                         
Professional fees
    7,590       15,944       57,371  
General and administrative
    18       2,843       8,328  
                         
Total Operating
                       
   Expenses
    7,608       18,787       65,699  
                         
INCOME (LOSS) FROM LOSS FROM OPERATIONS
    (7,608 )     (18,787 )     (65,699 )
                         
OTHER INCOME (EXPENSE)
                       
Interest expense
    (176 )     -       (176 )
                         
Total other income (expense)
    (176 )     -       (176 )
                         
INCOME (LOSS) BEFORE LOSS BEFORE INCOME TAXES
    (7,784 )     (18,787 )     (65,875 )
                         
CURRENT INCOME TAX EXPENSE (BENEFIT)
    -       -       -  
PROVISION FOR INCOME TAXES
    -       -       -  
                         
NET LOSS
  $ (7,784 )   $ (18,787 )   $ (65,875 )
                         
                         
BASIC AND DILUTED  LOSS PER COMMON SHARE
  $ (0.00 )   $ (0.00 )        
                         
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED
    4,804,000       4,804,000          
 
The accompanying notes are an integral part of these financial statements

 
3

 
 
INCOME NOW CONSULTING
(A Development Stage Company)
Statements of Stockholders' Equity (Deficit)
(Unaudited)
                           
Deficit
       
                           
Accumulated
   
Total
 
               
Additional
   
Stock
   
During the
   
Stockholders'
 
   
Common Stock
   
Paid-in
   
Subscription
   
Development
   
Equity
 
   
Shares
   
Amount
   
Capital
   
Receivable
   
Stage
   
(Deficit)
 
                                     
Balance, April 23, 2010
    -     $ -     $ -     $ -     $ -     $ -  
                                                 
Common stock issued to founders for services at $0.0001 per share
    4,000,000       400       -       -       -       400  
                                                 
Common stock issued for cash at $0.05 per share
    804,000       80       40,120       -       -       40,200  
                                                 
Loss from inception through May 31, 2010
    -       -       -       -       (4,631 )     (4,631 )
                                                 
Balance, May 31, 2010
    4,804,000       480       40,120               (4,631 )     35,969  
                                                 
Loss for the year ended May 31, 2011
    -       -       -       -       (53,460 )     (53,460 )
                                                 
Balance, May 31, 2011
    4,804,000       480       40,120     $ -       (58,091 )     (17,491 )
                                                 
Net loss for the three months ended August 31, 2011 (unaudited)
    -       -       -       -       (7,784 )     (7,784 )
                                                 
Balance, August 31, 2011 (unaudited)
    4,804,000     $ 480     $ 40,120     $ -     $ (65,875 )   $ (25,275 )
 
The accompanying notes are an integral part of these financial statements

 
4

 

INCOME NOW CONSULTING
(A Development Stage Company)
Statements of Cash Flows
(Unaudited)
 
               
From Inception
 
               
on April 23, 2010
 
   
For the Three Months Ended
   
Through
 
   
August 31,
   
August 31,
 
   
2011
   
2010
   
2011
 
                   
OPERATING ACTIVITIES
                 
                   
Net loss
  $ (7,784 )   $ (18,787 )   $ (65,875 )
Adjustments to reconcile net loss to net cash used by operating activities:
    -       -       -  
Changes in operating assets and liabilities:
                       
Prepaid expenses
    -       2,638       -  
Accrued interest payable
    176       -       176  
Accounts payable
    3,090       1,784       3,267  
                         
Net Cash Used in Operating Activities
    (4,518 )     (14,365 )     (62,432 )
                         
INVESTING ACTIVITIES
    -       -       -  
                         
Net Cash Provided by (Used in) Investing Activities
    -       -       -  
                         
FINANCING ACTIVITIES
                       
                         
Proceeds from common stock issued
    -       -       40,600  
Proceeds from related party payables
    4,500       852       22,105  
 
                       
Net Cash Provided by Financing Activities
    4,500       852       62,705  
                         
NET INCREASE (DECREASE) IN CASH
    (18 )     (13,513 )     273  
                         
CASH AT BEGINNING OF PERIOD
    291       29,842       -  
                         
CASH AT END OF PERIOD
  $ 273     $ 16,329     $ 273  
                         
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
                       
                         
CASH PAID FOR:
                       
                         
Interest
  $ -     $ -     $ -  
Income Taxes
  $ -     $ -     $ -  
 
The accompanying notes are an integral part of these financial statements
 
 
5

 

INCOME NOW CONSULTING
(A Development Stage Company)
Notes to the Financial Statements

 
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business
 Income Now Consulting (the “Company”) was incorporated in the State of Nevada on April 23, 2010. The Company is engaged in offering an interactive web-based fundraising program designed for non-profit organizations, schools and clubs. The Company has no revenues and limited operations and is accordingly classified as a development stage company.
 
Basis of Presentation
The unaudited financial statements as of August 31, 2011 and for the three months ended August 31, 2011 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information in accordance with Securities and Exchange Commission  (SEC) Regulation S-X rule 8-03. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of August 31, 2011 and the results of operations and cash flows for the periods then ended. The financial data and other information disclosed in these notes to the interim financial statements related to the period are unaudited. The results for the three month period ended August 31, 2011, are not necessarily indicative of the results to be expected for any subsequent quarters or for the entire year ending May 31, 2012. The balance sheet at May 31, 2011 has been derived from the audited financial statements at that date.
 
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
 
Recent Accounting Pronouncements
Management has considered all recent accounting pronouncements issued since the last audit of our financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.
 
NOTE 2 - GOING CONCERN

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States, which contemplate continuation of the Company as a going concern.  However, the Company has not generated revenues since inception and has an accumulated deficit of $65,875 as of August 31, 2011.  The Company currently has limited liquidity and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.  These factors raise substantial doubt about the Company’s ability to continue as a going concern.
 
Management anticipates that the Company will be dependent, for the near future, on additional investment capital, primarily from its shareholders, to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.
 
 
6

 

INCOME NOW CONSULTING
(A Development Stage Company)
Notes to the Financial Statements

 
NOTE 3 – RELATED PARTY PAYABLES
 
On July 31, 2011, the Company entered into a Promissory Note with Ruthy Navon (the Company’s prior Secretary and Promoter, who the Company is party to a Consulting Agreement with).  The Promissory Note evidences $17,605 loaned to the Company by Ms. Navon, bears interest at the rate of 12% per annum and is due and payable on August 15, 2011. The Promisory Note was paid by a director of the Company and the $17,605 is now payable to the director with interest at the rate of 12% per annum.  The Company has accrued $176 of interest on the loan as of August 31, 2011.
 
Various expenses of the Company, including general and administrative expenses and professional fees, have been paid for or made by a related party. The related party payable totals $4,500 at August 31, 2011, bears no interest, is unsecured and due upon demand.
 
NOTE 4 – SUBSEQUENT EVENTS
 
In accordance with ASC 855 the Company’s management reviewed all material events through the date of this report and there are no material subsequent events to report.

 
7

 

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS

ALL STATEMENTS IN THIS DISCUSSION THAT ARE NOT HISTORICAL ARE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS PRECEDED BY, FOLLOWED BY OR THAT OTHERWISE INCLUDE THE WORDS "BELIEVES," "EXPECTS," "ANTICIPATES," "INTENDS," "PROJECTS," "ESTIMATES," "PLANS," "MAY INCREASE," "MAY FLUCTUATE," AND SIMILAR EXPRESSIONS OR FUTURE OR CONDITIONAL VERBS SUCH AS "SHOULD," "WOULD," "MAY" AND "COULD" ARE GENERALLY FORWARD-LOOKING IN NATURE AND NOT HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS WERE BASED ON VARIOUS FACTORS AND WERE DERIVED UTILIZING NUMEROUS IMPORTANT ASSUMPTIONS AND OTHER IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS INCLUDE THE INFORMATION CONCERNING OUR FUTURE FINANCIAL PERFORMANCE, BUSINESS STRATEGY, PROJECTED PLANS AND OBJECTIVES. THESE FACTORS INCLUDE, AMONG OTHERS, THE FACTORS SET FORTH BELOW UNDER THE HEADING "RISK FACTORS." ALTHOUGH WE BELIEVE THAT THE EXPECTATIONS REFLECTED IN THE FORWARD-LOOKING STATEMENTS ARE REASONABLE, WE CANNOT GUARANTEE FUTURE RESULTS, LEVELS OF ACTIVITY, PERFORMANCE OR ACHIEVEMENTS. MOST OF THESE FACTORS ARE DIFFICULT TO PREDICT ACCURATELY AND ARE GENERALLY BEYOND OUR CONTROL. WE ARE UNDER NO OBLIGATION TO PUBLICLY UPDATE ANY OF THE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER THE DATE HEREOF OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS. READERS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS. REFERENCES IN THIS FORM 10-Q, UNLESS ANOTHER DATE IS STATED, ARE TO AUGUST 31, 2011. AS USED HEREIN, THE "COMPANY," “INCOME NOW,” "WE," "US," "OUR" AND WORDS OF SIMILAR MEANING REFER TO INCOME NOW CONSULTING.

Overview of the Company

We were incorporated in the state of Nevada on April 23, 2010. We are focused on developing and marketing a web-based interactive fundraising program.  Our head offices are currently located at 1736 Angel Falls Street, Las Vegas, NV 89142. Our telephone number is 1-209-694-4885. We have secured a domain name – www.incomenowconsulting.com, which website includes information we do not desire to be incorporated by reference herein.

PLAN OF OPERATION
 
We plan to establish ourselves as a company that will produce and distribute an interactive web-based fundraising program. Distribution is planned to be made via the internet directly to our future clients, non-profit organizations, schools and clubs.
 
Our target market

Our initial target market is all those who fundraise, particularly non-profit organizations, schools and clubs firstly in the United States, followed by Canada and Europe.

Our mission

To offer a three step service to non-profit organizations, schools and clubs by offering assistance in identifying their needs and target market, offering links and suggestions on what fundraising product to use, and finally to offer an interactive web-based database management program designed to track and link the customers of our clients.

 
8

 

Our business objectives are

 
To further develop an interactive web-based program that will benefit non-profit organizations, schools and clubs, giving our clients the opportunity to maximize their fundraising efforts.
 
To execute our web-based marketing campaign and to create interest in our services and product.
 
To establish a brand name that will be associated with user-friendly interactive program and database management.
 
During the first stages of our growth, our officers and Directors will provide all of the labor required to execute our business plan at no charge, except we intend to hire a website programmer on a contract basis for two months at an estimated cost of $8,000 to finish and upgrade our website, and we also plan to outsource the final program  development tasks at an estimated cost of $10,000, and finally contract administration and marketing support for three months at an estimated cost of $10,000 which costs we plan to pay out of our working capital and through funds raised through the sale of debt or equity securities and/or traditional bank funding.

Estimated Expenses for the Next Twelve Month Period

The following provides an overview of our expenses to fund our plan of operation over the next twelve months:

Legal, Accounting and Transfer Agent Fees
 
$
30,000
 
Program  Development
 
$
10,000
 
Website Development
 
$
8,000
 
Marketing and Advertising
 
$
6,000
 
Office Rent
 
$
1,000
 
Administration
 
$
10,000
 
Total
 
$
65,000
 

RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED AUGUST 31, 2011

We had no revenues for the three months ended August 31, 2011.  The Company is currently in the development stage of its business development and has had only limited operations to date. We do not anticipate earning revenues until we are able to successfully complete and market our interactive fundraising program.

Our total operating expenses for the three months ended August 31, 2011 were $7,608, and consisted of $18 in general and administrative expenses and $7,590 in professional fees.  We therefore recorded a net loss of $7,784 for the three months ended August 31, 2011. Comparatively, our total operating expenses for the three months ended August 31, 2010 were $18,787, and consisted of $2,843 in general and administrative expenses and $15,944 in professional fees.  We therefore recorded a net loss of $18,787 for the three months ended August 31, 2010.

We anticipate our operating expenses will increase as we implement our business plan. The increase will be attributable to expenses to implement our business plan, and the professional fees to be incurred in connection with the filing of periodic and current reports required to maintain our status as a reporting company under the Securities Exchange Act of 1934, as amended.

LIQUIDITY AND CAPITAL RESOURCES

During the three months ended August 31, 2011, we raised $4,500 from loans from our officers and Directors.

 
9

 

At August 31, 2011, we had total assets, consisting solely of cash of $273.

At August 31, 2011, we had total liabilities of $25,548, consisting of $3,267 in accounts payable and $22,281 in related party loans and payables.

At August 31, 2011, we had a working capital deficit of $25,275.
  
We estimate that our current cash balances will be extinguished by approximately September  2011 if we do not have any unanticipated expenses. As discussed above, we estimate the need for approximately $65,000 in additional funding to support our operations over the next approximately 12 months.  Although there can be no assurance at present, we hope to be in a position to generate revenues by September 2011 however, we will still need to raise additional funding to support our operations and pay the expenses described above, as discussed in greater detail below.

We had net cash used in operating activities of $4,518 for the three months ended August 31, 2011, which included $7,784 of net loss partially offset by $3,090 of increase in accounts payable and an increase of $176 in accrued interest payable.

We have never had any income from operations. We will require additional funds to implement our plans. These funds may be raised through equity financing, debt financing, or other sources, which may result in the dilution in the equity ownership of our shares. We will also need more funds if the costs of the development of our website are greater than we have budgeted. We will also require additional financing to sustain our business operations if we are not successful in earning revenues. We currently do not have any arrangements for further financing and we may not be able to obtain financing when required. Our future is dependent upon our ability to obtain financing.

Our continuation is dependent upon us raising additional capital. In this regard we have raised additional capital through the private placements noted above, but we will still require additional funds to continue our operations and plans.
 
The continuation of our business is dependent upon us obtaining further financing, development of our program and website, a successful marketing and promotion program.  The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.
 
There are no assurances that we will be able to obtain further funds required for our continued operations. We will pursue various financing alternatives to meet our immediate and long-term financial requirements. There can be no assurance that additional financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms. If we are not able to obtain the additional financing on a timely basis, we will be unable to conduct our operations as planned, and we will not be able to meet our other obligations as they become due. In such event, we will be forced to scale down or perhaps even cease our operations.

GOING CONCERN

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States, which contemplate continuation of the Company as a going concern.  However, the Company has not generated revenues since inception and has an accumulated deficit of $65,875 as of August 31, 2011.  The Company currently has limited liquidity and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.  These factors raise substantial doubt about the Company’s ability to continue as a going concern.

 
10

 

Management anticipates that the Company will be dependent, for the near future, on additional investment capital, primarily from its shareholders, to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Pursuant to Item 305(e) of Regulation S-K (§ 229.305(e)), we are not required to provide the information required by this Item as it is a “smaller reporting company,” as defined by Rule 229.10(f)(1).

ITEM 4. CONTROLS AND PROCEDURES

(a) Evaluation of disclosure controls and procedures. Our Chief Executive Officer and Principal Financial Officer, after evaluating the effectiveness of our "disclosure controls and procedures" (as defined in the Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this Quarterly Report on Form 10-Q (the "Evaluation Date"), has concluded that as of the Evaluation Date, our disclosure controls and procedures were not effective due to a lack of segregation of duties and no audit committee.  As resources become available to our Company, we plan to begin to hire sufficient employees to maintain adequate internal controls to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. 

(b) Changes in internal control over financial reporting. There were no changes in our internal control over financial reporting during our most recent fiscal quarter that materially affected, or were reasonably likely to materially affect, our internal control over financial reporting.
 
 
11

 

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

From time to time, we may become party to litigation or other legal proceedings that we consider to be a part of the ordinary course of our business. We are not currently involved in legal proceedings that could reasonably be expected to have a material adverse effect on our business, prospects, financial condition or results of operations. We may become involved in material legal proceedings in the future.

ITEM 1A. RISK FACTORS

Our securities are highly speculative and should only be purchased by persons who can afford to lose their entire investment in us. You should carefully consider the risk factors and other information described in our Registration Statement on Form S-1 (Amendment No. 3), as filed with the Commission on November 22, 2010 (the “Form S-1”), before deciding to become a holder of our common stock. If any of the risks set forth in our Form S-1 actually occur, our business and financial results could be negatively affected to a significant extent.  There has not been any material changes in the risk factors set forth in our Form S-1 as of the date of this filing.
  
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.
 
ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

ITEM 5. OTHER INFORMATION

None.
 
ITEM 6. EXHIBITS

EXHIBIT NO.
 
DESCRIPTION OF EXHIBIT
     
3.1(1)
 
Articles of Incorporation
     
3.2(1)
 
Bylaws
     
10.1 (2)
 
Independent Contractor Agreement
     
31*
 
Certificate of the Chief Executive Officer and Principal Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
     
32* 
 
Certificate of the Chief Executive Officer and Principal Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

(1) Filed as exhibits to the Company’s Registration Statement on Form S-1, filed with the Commission on July 6, 2010, and incorporated herein by reference.
 
(2) Filed as an exhibit to the Company’s Registration Statement on Form S-1/A, filed with the Commission on October 8, 2010, and incorporated herein by reference.

* Filed herewith.
 
 
12

 
 
SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
INCOME NOW CONSULTING
   
 
DATED: October 8, 2011
By: /s/ Issam Abud
 
 
Issam Abud
 
President, Chief Executive Officer
 
(Principal Executive Officer,
 
Principal Accounting Officer and
 
Principal Financial Officer),
 
and Director