Friday, September 12, 2014


Now is the time to buy real estate in many markets. In fact, if you are considering making the investment now, you may find prices are exactly where you want them to be. The key here is that there are numerous properties on the market and not all of them are priced right. To get the best value for the home you want, it pays to have an expert by your side and to do some research before making that buying decision. You may find it is possible to get an affordable property that has all of the features you want and need.

Hire an Agent

As a buyer, hiring a real estate agent is not going to cost you anything. Rather, the seller usually pays for this service. That means that there is no reason for you to go without the expert help these professionals can bring. When the price is a factor, alert your agent to what you need and expect. This means considering your budget and what you plan to put down on the purchase. You also will want the agent to be looking for deals for you. This includes short sale and foreclosure properties. These properties are not necessarily in bad condition but they need to sell quickly so they are priced as such.

Tips for Getting a Lower Price

When it comes to getting a lower price, there are plenty of ways to do just that. If you plan to pay cash and close fast, that could be an incentive to many sellers to offer you a better price point. It could mean more interest from sellers, too. You may be able to get a lower purchase price if the property's value is not as high as what the asking price is. For example, if a home needs significant repairs, it is often possible to get a lower price for it by pointing out the cost of repairs to the seller. This could mean a big savings in some cases if you are willing to take on the work.

Negotiating the deal is something best left to the professionals. With their skill, you may be able to get a lower price just by having an agent that is good at his or her job. There is no doubt that this is important to you but having skill in negotiating can make all of the difference.

Real estate is worth investing in. In the long term, it can usually translate into a great deal for you as property tends to increase in value long term. However, even if you plan to flip it quickly, having a team of professionals working for you to help you to find the right property and then get it for the right price matters a great deal.

Sunday, September 7, 2014


CPAs are true knowledge workers, so it is no surprise that CPA CPE is required. In the accounting profession, there is so much to know, and much of it depends on the specialty, goals, and aspirations of the individual CPA. For planning purposes, there are three categories of skills for CPA CPE: 1. 'technical skills' in one's specialty, 2. 'hard skills' in adjacent or objective business domains, and 3. 'soft skills' to support the people side of being a CPA. Here's some detail on each.

Technical Skills for CPA CPE
By technical skills, I am talking about the areas related to the CPA's specialty. Some of these skills are broad in nature within the accounting field, such as accounting for capital budgeting, or budgeting in general. But more often than not, they involve expertise in accounting rules, usually involving changing legislation as well as best practices, in certain specialties. For example, one CPA may want to deepen and maintain up-to-date knowledge about estate taxation. Another may need to keep abreast of accounting rules and unique business structures in, for example, the oil industry. Still another may be intensely involved with international business and need in depth knowledge about accounting for cross-border transactions.

CPA CPE for Objective Hard Skills
Separate and distinct from the technical skills are hard skills in areas like software, such as MS Office, accounting software, or even enterprise management software. Other hard skills include business skills such as project management, portfolio management, business analysis, Six Sigma, and much more. These skills are not core to accounting itself, but can make a CPA more effective and potentially enable and support new business objectives.

CPA CPE for Soft Skills
Soft skills are critically important, and working with clients, within a large or small business, or in the public domain demands top soft skills. Indeed, it is well-documented that a large - maybe even vast majority - proportion of success is determined by soft skills. These skills include leadership, communications, team building, and even related areas such as public speaking and writing.

Personalizing an Approach to earning CPA CPE
A CPA has about 40 hours to work with each year for continuing education. Ideally, this will be accomplished by some sort of combination of technical CPE to support the specialty, hard skill CPE to support broadening of skills into objective areas, and soft skills to support accomplishment of ALL goals. The good news is that there is plenty of training out there to achieve all of these objectives and earn CPE at the same time.

One More Thing
The 'multiple sources' strategy is something that brings great advantages to those that use it. A 'multiple sources' strategy refers to the idea of learning a subject form multiple angles - which can be achieved by studying the material from multiple sources. As each of these sources will usually approach the subject from a different angle, enabling the learner to deepen understanding of the subject. While many materials - including the online training that we provide - incorporate this type of learning by portraying different angles, it is up to the individual to decide how they will approach this.

Thursday, September 4, 2014


Web scraping involves extraction of data from websites and converting them to usable format. There are many web scraping tools designed specific purposes like white pages scraper, amazon scraper, email address scraper, customer contract scraper etc. Google scraper is one such web scraping application which is used to extract google search results. The web scraping application will gather useful information from search results of Google which can be helpful in preparation of prospective databases with potential customers, email lists, online price comparison, real estate data, job posting information and customer demographics. Many people nowadays use web scraping to minimize the effort involved in manual extraction of data from websites.

You can find the details of customers in particular locality be searching through the white pages of that region. Also, if you want to gather email address or phone numbers of customers, you can do that with email address extractor. Google scraper will be useful to scrape google results and store them in text file, Spread sheets or database. The data scraping is automated function done by software application to extract data from websites by simulation human exploration of web through scripts like Perl, Python, and JavaScript etc. The data scraping could be great tool for programmers and can have lot of value for the money.

Also data collected through web scraping tool is accurate and ensures faster results. You can use this to collect email address of potential customers for your email marketing campaign to promote your products. You can search for relevant information about customer products. If you want to download images of products you can just enter the relevant keyword and google scraper will automatically extract the data from you google images page. You can generate sales leads and expand your business by using web scraping tools which can save lot of time and money.

Monday, September 1, 2014


With a bankruptcy looming large on your credit history, you are probably anxious to start getting more positive indicators on your report. This is a good thing. You can do this by getting a new credit card or taking out a personal loan. A lot can be said for either avenue, but you will have to take a good look at your current financial situation to figure the option that would work best for you.

Personal Loans

A personal loan is kind of a friendly peg onto which a variety of financial instruments can be hung. Amounts can vary widely, as can interest rates and repayment terms. Usually, right after bankruptcy, your chances of finding a decent loan with acceptable rates and terms can be pretty difficult, but not impossible.

Bad Credit Loans

You may have to enter the world of private lenders and bad credit lenders. These loans can carry interest rates and terms that would make a loan shark blush, but they can improve your status if they are paid off as stipulated in the contract. Also, since this market is tuned to borrowers with bad credit, many lenders act as if they are doing you a great big favor. They prey on the unworthiness and exasperation of their borrowers. Check the credentials of any lender you may approach thoroughly. If you sense the Big Favor syndrome, find another lender. Honest lenders willing to make bad credit loans are out there.

Credit Cards

Just as with a personal loan, landing a good credit card deal with appropriate interest rates can be a struggle if you are fresh out of bankruptcy. But that is okay. You can fall back, calm yourself, and seek the alternative. Also, if you are having trouble landing a credit card, it could be that you are applying around too much. Making multiple applications over a short period of time will only heighten a lenders concern that you are credit hungry. Credit card issuers do not like to see that. Some issuers will deny a card just on the basis that you have been denied elsewhere.

Bad-Credit Credit Cards

If your are stymied in your quest for a regular credit card, you should consider a secured credit card. They work in very much the same way as regular credit cards regarding where they are accepted and how they report to the various credit agencies. They just require a security deposit which can range from 0 to 0. That deposit sets your spending limit. The deposit is never used toward payment unless you default, and you are expected to maintain your monthly payments according to agreed-upon terms. Benefits will be apparent on your credit reports within months.

Find a Method and Make It Work

A small personal loan and a secured credit card are both worthy ways to rebuild your credit. Some folks take out a small personal loan, put the loan amount in a special account with automatic payments to the lender, and let it lie until the loan has matured. They have in essence used loan money to improve their chances of getting a loan. Two or three times of this sort of activity can go a long way to rebuild a credit history. Just remember, no matter which avenues you choose, there are shysters out there who will play on your post-bankruptcy emotions to steal your money.

Saturday, August 30, 2014


The basic and primary function of exchange market is for the transfer of purchasing power between countries. The transfer is by TT, MT, draft, bills, credit cards, etc. The foreign exchange is the most important and most effective purchasing power between the two parties held in different countries.

There are another function of exchange market in the country. The main function and main foreign exchange market is the money from one country to another country money. The second objective of exchange for the security risk. What are the results of exchange rate changes constantly. If every tourist goes to another country for any purpose, it should be his motto in the currency of the country where it needs money to change the various function of exchange market. The exchange rate is the phenomenon that a country's currency in the currency of another country is carried out. Thus, the effect is the country in many respects.

A foreign exchange market is a place which is foreign exchange transactions take place. In other words, there is a market where foreign funds are bought and sold.

Exporters claim the points for importers on their bankers. Currency hedging market assumes the role as regards the risks of foreign exchange. There are frequent fluctuations in exchange rates. To reduce the risk that the market for foreign currency hedging or actual damages caused by futures contracts in exchange for these fluctuations. Agencies of foreign currency to pay foreign currency at a fixed interest rate. Exchange offices bear the risks of fluctuations in exchange rates.

Thursday, August 28, 2014


Loan modification is still the #1 best alternative to foreclosure. But getting one through requires some little-known information and strategy. You've got to know what the banks are looking for, and how to fill out the paperwork so you not only qualify for loan modification, but get in on those unheard of two and three percent interest rates that can make your monthly payment go down by as much as 40 - 50%!

Banks are allowing some pretty unbelievable workouts with unheard of low rates. Has there ever been a time when you got a 2% interest rate! That is happening everyday to some people. Will you ever have this opportunity to lock in these silly low rates again? Probably not, so take your loan modification paperwork VERY seriously and don't talk yourself out of your own modification.

If you're one of the millions who make up 1 in 7 homes in foreclosure or default, then what you're about to learn can stop your foreclosure and substantially reduce your monthly mortgage payment giving you the financial relief you need to stay afloat and stabilize your life with lower mortgage payments now and over the long run.

The main problem - and what stands between you and a modified lower monthly payment has been perfectly summed up in this recent Los Angeles Times article

Getting loans through the system to the modification finish line is tough for banks and loan servicers, says Douglas Potolsky, Chase Home Lending senior vice president. The main obstacle, he and other banks say, is borrowers who don't properly complete their paperwork.

The trick is to know how to fill out the darn paperwork so you don't talk yourself right out of your own modification!

90% of the loan modification requests are not going through because people fill out their paperwork to their DISADVANTAGE. They either disqualify themselves because they show they make too much, or too little, to afford the NEW modified payment that's the lower one that's based on the 2% to 4% rates that bank can give you in modification, but won't if your financials and other paperwork pieces qualify for this payment.

90% of the people who fill out the paperwork for loan modification do not know how the banks are looking at their numbers and story. Banks actually have a couple of formulas they work by when calculating your financials in relation to your hardship letter, pay stubs, checking account statements, and past 2 years of income tax returns. You must make all of these pieces jibe together for one consistent financial hardship story.

Basically this is how you want to fill out the main two pieces of paperwork for loan modification the hardship letter and financial worksheet:

1. Hardship letter: Be consistent and make sure the hardship story and the numbers you provide on your financial worksheet make one strong, consistent picture. In about 1 1 pages, make sure you give the following information in this sequence:
a. Include your loan number at the top
b. ASK for a loan modification in the first sentence
c. Make it evident that you are capable of earning consistent income, but right now, your hardship is making your mortgage - and life - unaffordable. Tell them you need help
d. Explain with emotion all of the reasons you're in hardship. Banks are especially looking for things like reduced or lost income from one or more household members, increased expenses that were unexpected or unavoidable, a medical problem that left you sick or disabled and from earning income, and/or caused increased expenses, etc.
e. ASK FOR WHAT YOU WANT ask for a low interest rate (2%-3%) for the first 5 years while you get back on your feet; and then ask that they stretch your loan term out to 40 years; and that the remaining 35 years be at 4% to 5%. Use an amortization calculator (search online) and calculate what your payment would be at 2%, 3%, 4%, and 5%. Tell them that you CAN afford payments based on a 2%, 3% right now, and that later, because of better work projections or opportunities or whatever reason that you can later afford a payment based on 4% or 5%. I always ask for 2% for the first 5 years and then 4% to 5% for the rest of a 40 year loan when I help people fill out their paperwork.
f. Close with a sentence or two that tells them you want to keep you and your family in your home (mention of kids if you have them helps) and that you want to avoid foreclosure and further damage to your credit.

2. Financial worksheet/Personal budget: Get this form from your bank. Your modification will go through faster and cleaner is you use the banks form instead of making your own Excel spreadsheet. One of the banks formulas I was telling you about comes into play when they review your financial worksheet. This is where most people blow their chances for getting a modification. The banks are looking to see that you can afford the new, modified payment the one based on 2% or 3% with about 0 to 0 left over. This is a fine line between showing that you don't make too much or too little to afford the modified payment. This is how you get to that balancing point:
a. For now, where you see the line to write in your monthly mortgage expense, do not put in your current payment. Put in the modified payment you're going after the one that you calculated with the amortization calculator at 2% (or 3%) or somewhere in between. This is a temporary placeholder for the purpose of getting the sum of this payment plus all your other monthly expenses minus your monthly income to come out to about 0 - 0 left over. Then, before you fax in this worksheet with your other paperwork, make sure you erase that lower mortgage payment that served as a placeholder to make all of your numbers jibe, fill in your actual, current mortgage payment. Or make a copy of the blank worksheet like I do then it's clean as a whistle.
b. Write in your income and all of your other expenses. The trick is using some of the categories that are not easily tracked like your monthly food, gas, and credit card payments that you can increase or decrease if you need to get your end balance to be at that 0 - 0 left over after Income minus Expenses. Realize that they will be cross-checking the numbers on your financial worksheet with your checking account statements (you submit the past two months checking and savings bank statements). Realize too that if you have a bunch of money (over ,000 or ,000 sitting in savings), that the bank will see this as a place you can pull from and pay them.

Most people don't understand what's behind the banks strategy and that they are indeed debt collectors! They want to make sure you can pay or they're not going to give you a new loan (modified loan). People don't realize what they should ask for, what to say ... and what not to say ... or how to talk to their bank to get the right story on record. Because they don't have this critical insight, many are losing out on the best loan modification opportunity of the century.

I help and counsel people through loan modification, and have an eBook that outlines steps to modification and virtually every other option you can take to avoid foreclosure in my book called, How to Survive Foreclosure or Avoid it Altogether.
Learn more at

How to Survive your Foreclosure or Avoid it Altogether

Wednesday, August 27, 2014


To resolve Income Tax related tax issues of the taxpayers, the Government has created office of Income-Tax Ombudsman. The officer designated as Ombudsman hold independent jurisdiction and work as autonomous authority.

The Government has so far set up twelve offices of Ombudsmen. They are stationed in Mumbai, Pune, New Delhi, Ahmedabad, Chennai, Bangalore, Kolkata, Hyderabad, Kanpur, Chandigarh, Bhopal and Kochi.

The jurisdiction of the ombudsman is highly restricted; however, they can help the taxpayers in resolving issues such as
(i) Income Tax Refunds matters.
(ii) Refusal to acknowledge letters / communications sent to the department.
(iii) Erroneous demand matters / assets attachments causing harassment to assessee.
(iv) Scrutiny selection procedures and failure to communicate reasons thereof.
(v) Cases related to interest waiver, rectification applications, appeal effects etc.
(vi) Release of books of accounts and asset after the completion of the proceedings.
(vii) Issues relating to refusal to allot Permanent Account Number.
(viii) Tax credits and adjustment relating to TDS.
(ix) Conduct of proceedings beyond working hours at the IT offices.
(x) Impolite behavior of the officials.
(xi) Matters concerning circulars of Central Board of Direct taxes about the Income Tax administration.

However, the ombudsman will not interfere in the proceedings if the issue requested to be settled is already under an appeal, revision, reference or writ.

Application to Ombudsman The Ombudsman reconciles disputes / issues between the department and assessee. The decision of Ombudsman is referred as Award'. The application to resolve an issue can be filed by the aggrieved assessee himself or through his representative. The application should be signed by the taxpayer or his legal representative bearing the name, address and permanent account number of the complainant. The application should also state the details of the official against whom the complaint is filed. The reasons for the application of complaint should also be mentioned therein. The necessary documentary evidence can also be submitted along with the application. The application must contain the details about the date on which the assessee first complained to the income-tax authorities and its result. The application can be filed through personal submission / post / E-Mail. E-Mail complaints can be signed at the time of proceedings in the office of Ombudsman.

As a prerequisite, the applicant must first prefer compliant to higher authorities of the official being complained. The assessee must wait for at least 30 days for the action of the superiors before approaching the office of Ombudsman. Assessee should also restrain from filing compliant which is frivolous or vexatious.

The complaint should be filed within one year from the date of the reply of the department to his representation. If no reply is received, it should be filed within thirteen months from the date of representation to the Income Tax Authority.

On receipt of the complaint, the Ombudsman will send a copy of the same to the concerned officials and try to reconcile the issues through mutual understanding of both the parties. If amicable settlement is not working then, Ombudsman can pass a decision called Award. The award should be in line with the documents available on record and the tax laws. The Ombudsman can also instruct the concerned officials to release payments and also to apologize to the taxpayer. Ombudsman can also award monetary compensation upto Rs. 1,000.00. The Income-Tax authorities are given one month's time for the implementation of the award.

The compensation amount which is subject to a maximum of Rs. 1,000.00 is paid by the Income tax department out of the budget allotted.

The decision pronounced by the Ombudsman should be accepted by the I-T department. However, to comply the order, complainant must send his acceptance to the order within 15 days of the receipt of the award letter. Otherwise, the award shall lapse and be of no effect.

The ombudsman keeps record of various taxpayer problems. The information is periodically submitted to the Central Board of Direct Taxes and the Finance Ministry. Ombudsman also reports to the CBDT about the officials found to have defaulted in their regular duties.

Details of Ombudsman offices
1. Delhi: 011, Room No 251, Central Revenue Building, I.P. Estate, New Delhi-110002, E-Mail: delhi-
2. Kanpur: 0512 (U.P&Uttarakhand), 110/25-26, 80 Feet Rd., Kanpur, E-Mail: kanpur-
3. Kolkata: 033, Aayakar Bhawan, P-7, Chowringhee Square,Kolkata-700069, E-Mail: kolkata-
4. Mumbai: 022., 115, Mittal Tower, B-Wing Nariman Point, Mumbai-400021, E-Mail: mumbai-
5. Kochi: 0484, Income Tax Ombudsman, 7th Floor, Kera Bhavan, SRV H.S. Rd., Cochin-682011, E-Mail: kochi-
6. Hyderabad: 040, Room No. 819, Aayakar Bhawan, Basheer Bagh, Hyderabad-4, E-Mail: hyd-
7. Chennai: 044, Income Tax Ombudsman, R.No. 317/319,3rd Floor, Aayakar Bhawan, 121, Mahatma Gandhi Road, Nungambakkam, Chennai-34, E-Mail: chennai-
8. Bangalore: 080, 4th Floor, A' Wing,Kenderiya Sadan,Koramangala, Bangalore-34, E-Mail: bnglr-
9. Ahmedabad: 079, Room No. 104, 1st Floor, Nature View Bldg.,Ashram Road, Ahmedabad-380009, E-Mail: ahmd-
10. Pune: 020, Aayakar Bhawan, 12, Sadhu Vaswani Road, Pune 411 001, E-Mail: pune-
11. Chandigarh: 0172, C.R. Building, 3rd Floor,Sector 17E, Chandigarh, E-Mail: chd-
12. Bhopal: 0755, E-7/511, Income Tax Guest House, Areara Colony, Bhopal-16, E-Mail: bhopal-

The Author, CA A. K. Jain, can be contacted at, 21, Skipper House, 9, Pusa Road, New Delhi 110005, Mobile No. 98-100-46108, E-Mail: