Merger of Lisa Carter CPA and Paul Hodge CPA into one Company

Paul Hodge CPA & Assocaites and Lisa Carter CPA Merger

Merger of Lisa Carter CPA and Paul Hodge CPA into one Company

Dear Client and Friends,

I wanted to take this opportunity to inform you that I have decided to merge my CPA practice with Paul Hodge CPA & Associates, PLLC. This will give me an opportunity to focus on what I do best and to spend more time with my family.

I spent a great deal of time and effort researching firms who would provide the quality of service my clients are accustomed too. During this process.I found Paul Hodge & Associates, PLLC is the right firm to help me increase the quality of service for my clients. I am confident that the merger with Paul Hodge is the right move to better serve your accounting and tax needs.

Paul Hodge has been a CPA for over 13 years. His qualifications are excellent as a CPA in private accounting and he specializes in small business and real estate. Paul is greatly involved on the community form his many public lectures on taxes, monthly investors meetings and his radio appearances on AM 650 CBS Radio. Please check out Paul's website at cigarcpa.com.

In order to accommodate our staff, we have moved our office to consolidate with Paul Hodge CPA & Associates, PLLC. The new office location is 3934 FM 1960 W, Suite 105, Houston, TX 77068. Our old phone numbers will be rolling over to the new office but an additional number to use is 281-580-2180. Our fax number will also roll over, but another number to use will be 281-580-1339. All email addresses will stay the same.

We are trying to make the transition as seamless as possible. Paul and I are eager to work with you to make sure that the only difference you notice will be the addition of another high quality CPA who cares about his clients and their business. You are very important to me, both in business and personally, and the is why i have decided to take this action.

I look forward to working with you with the added support of Paul Hodge CPA & Associates, PLLC.

Yours Very Truly,
Lisa Carter, CPA

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Taxing the Rich

Paul Hodge CPA

Taxing The Rich

Real estate investors may luck out the most because federal law characterizes rental income as "active"

By Randy Neumann
NorthJersey.com

"Tax the rich, feed the poor till there are no rich no more. I'd love to change the world, but I don't know what to do, so I'll leave it up to you."

Lyrics from "I'd Love To Change The World"

Ten Years After

This song was sung by a blues/rock band from Nottingham, England where Robin Hood allegedly stole from the rich to give to the poor. They took their name because it was 10 years after what lead singer Alvin Lee considered the birth of rock-and-roll due to the great year that Elvis Presley had in 1956. They played at Woodstock and "I'd Love To Change The World" made it to the Top 40 chart here in the U.S.

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Cash is Still King

Paul Hodge CPA

Cash is still King

Cash buyers account for more than 25% of U.S. real estate deals

By ANDREA V. BRAMBILA
Inman News

This may be a buyer's market, but not all buyers are on equal footing in the homebuying process. Cash is still king, and those who have it are taking full advantage of the comparatively speedy and reliable closings they offer sellers.

Cash buyers have made up at least a quarter of home purchasers since the beginning of 2010, a figure buoyed by more affordable home prices and a substantial volume of distressed properties.

According to the National Association of Realtors' monthly Realtors Confidence Index survey, buyers paid all in cash in 15 percent of transactions in October 2008, the first month the association conducted the survey.

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Mortgage Rates Tick Down to New Low

Paul Hodge CPA

Mortgage Rates Tick Down to New Low

By NATHAN BECKER
The Wall Street Journal

Mortgage rates in the U.S. mostly fell the past week, with the average rate on 30-year fixed-rate mortgage falling slightly, extending its record low, according to Freddie Mac's weekly survey of mortgage rates.

The declines come as the Treasurys market has seen continued strength, pushing yields down. Mortgage rates, all of which have at least touched multi-year lows recently, generally track yields.

The 30-year fixed-rate mortgage averaged 4.57% for the week ended Thursday, down slightly from the prior week's 4.58% average and 5.2% a year ago. It is at the lowest point in Freddie's 39-year survey.

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Safe Act Delayed

Financing

Safe Act Delayed

Texas Association of Realtors

Many of us have been very concerned about the implementation of federal legislation known as the SAFE Act that would severely limit an individual's ability to seller finance their property in Texas.

The Texas Association of Realtors is working on numerous regulatory and legislative solutions to this affront to private-property owners, and have some good news to report. At our urging, the chief regulator over the SAFE Act in Texas, the commissioner of the Texas Department of Savings and Mortgage Lending, has taken significant steps to allow Texas property owners to continue to seller finance up to five transactions in a 12-month period.

More specifically, the commissioner has delayed the implementation of the SAFE Act requirement for licensure in seller-financed transactions in Texas until August 31. This will give us time to implement regulatory and legislative changes during the coming months. For now it is important for you to know that the long-standing law of allowing a Texas seller to finance up to five transactions in a consecutive 12-month period is still in effect and the Texas Association of REALTORS® will continue to work at the federal and state level to see that this is a permanent solution."

What does this mean?

The effect of this delay is that unless you meet other standards, you will not need to be licensed to create owner-financed mortgages until August 31, 2010. As of this writing, we have a solution for licensing requirements even after the new deadline passes.

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Merger of Lisa Carter CPA and Paul Hodge CPA into one Company

Merger of Lisa Carter CPA and Paul Hodge CPA into one Company

Taxing the Rich