Just Say Legacy and Linda Lourey CPA

Just Say Legacy and Linda Lourey CPA Personalized business services. Accounting, bookkeeping, tax consulting and preparation. We have a vast background in business and accounting.

At Just Say Legacy, we are passionate about helping people build their legacy and obtain their full potential. Linda Lourey the founder of Just Say Legacy started as a teen in her family's business and has been a Certified Public Accountant for over 45 years. We specialize in Tax, Non-Profit, Estates, Trusts and Consulting with businesses and individuals. We enjoy ministering to the needy and mentoring individuals or corporate leaders in business practices. We are expanding our business and mentoring others to understand and learn bookkeeping and accounting skills. We would enjoy discussing your business and legacy with you. Accounting & Bookkeeping Services
Just Say Legacy can handle your accounting and bookkeeping so you can get back to Business. We will help eliminates costs associated with hiring, recruitment and payroll which will increase revenue and profitability. We will help with cash flow management and provide the same excellent accounting and bookkeeping services that we have been providing for over 30 years. Taxation Services
Whether you are an individual, a new business owner or a seasoned veteran, understanding tax laws can be very difficult and sometimes costly. Our extensive knowledge of taxation can help you. Every individual or business wants to reduce taxes, but to do it correctly is not always so simple. Just Say Legacy, will help you pay the least amount of tax required by law, while meeting your overall financial goals. We can show you the tax advantages to owning your own business! We can show you what you can deduct, and give you access to “Quick Tests” to determine if potential activities or expenses are deductible. We will give you strategies to gain tax advantages to running your own business. Estates & Trusts Consulting Services
Receiverships/Conservatorships are one of the premier services that are provided by Just Say Legacy. Our objective as receiver/conservator is to protect the integrity of the estate or trust, preserve all income streams and recover any valued assets. We conduct an independent, in-depth investigation and evaluations of prior business conducted, as well as meet with family members and beneficiaries to get a complete financial picture of all the individuals we are helping.

11/18/2024

Get Ready for Tax Season with Just Say Legacy!
Are you ready to tackle tax season with confidence? At Just Say Legacy, we specialize in making tax preparation stress-free and efficient. We are here to help you maximize your refunds and minimize your stress.
Why Choose Us?
Expertise You Can Trust: Our certified tax professionals stay updated with the latest tax laws and regulations to ensure you get the best possible outcome.
Personalized Service: We understand that every client is unique. We tailor our services to meet your specific needs and financial situation.
Convenient and Efficient: With our streamlined process, you can file your taxes quickly and accurately, saving you time and hassle.
Contact Us Today! 📞or Message us here. 📧 Email us at [email protected] 🌐 Visit our website at www.justsaylegacy.com.
Don't wait until the last minute! Let Just Say Legacy help you navigate tax season with ease. Schedule your appointment today and experience the difference.

06/13/2024

In January we posted information in the BOI reporting requirements. Here’s an important update! If your entity was formed prior to January 1, 2024, you have until December 31, 2024 to file. If formed after January 1, 2024, you have 90 days. If the report is not filed, the charge is $500 A DAY!
There is no cost to file this report, but failure to file can be very costly.
Our initial post is below. Questions? You can message, email or call us with questions!

Here’s the scoop on the new Beneficial Ownership Reporting Requirements for LLCs and other entities.
On January 1, 2024, LLCs, corporations, and other entities are required to file a beneficial ownership information report with the US Government. This new requirement is imposed by the Corporate Transparency Act.
Some important facts to remember:
LLCs created or registered before 2024 must file their initial reports by Jan 1, 2025
LLCs created or registered on or after Jan 1, 2025, will have 30 days to file.
The beneficial ownership information will be reported to The US Department of the Treasury’s Financial Crimes Enforcement Network. (FinCEN)
These requirements will apply to private LLCs, corporations and other entities formed or created to do business in any state in the US, for any purpose.
There are some entities that will qualify for an exclusion.

03/13/2024

We posted information on the Energy Efficient Home Improvement Credit in early January.
Thinking about doing some Energy Efficient Home Improvements? Want to find out how you can get an additional 10% tax credit to go with the 30% tax credit?
Here’s the skinny on the new Domestic Content Bonus Tax Credit. This credit encourages investment in clean energy while supporting American manufacturing and is a significant incentive for owners of green energy projects, including wind, solar, and energy storage technologies.
It refers to steel, iron, or manufactured products that are produced or manufactured in the United States. It includes components used in green energy projects.
The bonus credit provides an additional credit on top of the existing tax credit related to green energy. The bonus varies based on the specific tax credit:
Taxpayers must certify that the relevant components meet the domestic content criteria.
Want to know more? Give a call for this, or any other tax or bookkeeping need you may have!

02/21/2024

Here’s a Credit You May Not Know You Might Qualify For!

Do you have someone in your home whom you have financially supported and has lived with you all year long? Do you have a parent who lives in a care facility, but you have paid half or all the expenses for them? Did the person or persons you support earn less than $4700 of income for the year? Call us to learn more about the Other Dependent Credit, Child Tax Credit, Additional Tax Credit, and other credits you may qualify for. Let us help you get the largest tax refund or lowest tax liablity you qualify for!

01/22/2024

Here’s the scoop on the new Beneficial Ownership Reporting Requirements for LLCs and other entities.

On January 1, 2024, LLCs, corporations, and other entities are required to file a beneficial ownership information report with the US Government. This new requirement is imposed by the Corporate Transparency Act.

Some important facts to remember:

LLCs created or registered before 2024 must file their initial reports by Jan 1, 2025
LLCs created or registered on or after Jan 1, 2025, will have 30 days to file.

The beneficial ownership information will be reported to The US Department of the Treasury’s Financial Crimes Enforcement Network. (FinCEN)

These requirements will apply to private LLCs, corporations and other entities formed or created to do business in any state in the US, for any purpose.
There are some entities that will qualify for an exclusion.

Want more information? You can message, email, or call us with questions.

01/08/2024

What’s Up With The Energy Efficient Home Improvement Credit?
For starters, the nonbusiness energy property credit has a new name! It’s now The Energy Efficient Home Improvement Credit and has increased to 30% of the cost of improvements made, and it replaces the lifetime limitations to the following annual limitations:
In general, the combined credit for all energy efficient home improvements is limited to $1200 exceptions apply.
The credit for residential energy property expenditure is limited to $600 per year.
The credit for windows is limited to $600 in the aggregate for all exterior windows and skylights.
The credit for doors is limited to $250 per year for any exterior door and $500 for all exterior doors.
The credit for energy audits is limited to $150 per year.

What qualifies as energy efficient improvements? Insulation, exterior windows, skylights, and exterior doors that meet various energy standard requirements, air sealing insulation to the definition of insulation material or system which reduces the heat loss or heat gain of a dwelling unit.
What did this new law remove? Roofs from the definition of building envelope components

01/02/2024

When a CPA handles your bookkeeping, accounting, and taxes you make more profit by spending less time doing your books and more time building your business, as well as minimize your tax liability. Believe it or not, it is affordable!

At Just Say Legacy, we are more than just bookkeepers! We help our clients:

• Meet or beat their goals by having more time to concentrate
on building their financial legacy!
• Increase their profitability because they aren’t concerned with
whether their accounts are in order.
• Know where their money is going, and where it’s coming from,
enabling them to see the areas in their business that are
reaching or exceeding their goals, and which ones need
improvement.
• Save money on their taxes by providing accurate reporting
and the very best tax recommendation for their particular
needs.

At Just Say Legacy, we are passionate about helping people build their legacy and obtain their full potential. The founder Linda Lourey, CPA has a vast background in accounting that started as a teen in her family business and has been a Certified Public Accountant for over 40 years. We are a personalized full-service accounting firm that specializes in:

• Bookkeeping for individuals and businesses
• Accounting
• Forensic Accounting
• Trust Accounting
• Tax Preparation (Individuals, Partnerships/LLC, S-Corp and C-
Corp, Sole Proprietorship, Non-Profit and Trust)
• Receiverships, Conservatorships, Non-Profit Organizations
• Expert Witness

We have worked with businesses in many different industries and would love to help you build your legacy to its full potential by helping you increase your profits and freeing up your time, giving you the ability to focus on your business and family!

Reach out and let's talk about your business and your goals, and how we can help you build your legacy!

The IRS requires taxpayers to report "all digital asset-related income" on their 2022 federal income tax return. Digital...
02/22/2023

The IRS requires taxpayers to report "all digital asset-related income" on their 2022 federal income tax return. Digital assets, according to the IRS definition, include not only cryptocurrency but also non-fungible tokens (NFTs) and stablecoins.
On your 1040 tax form, the one used to report individual income, you'll have to answer "yes" or "no" to the following question:
"At any time during 2022, did you: (a) receive (as a reward, award, or payment for property or services); or (b) sell, exchange, gift, or otherwise dispose of a digital asset (or a financial interest in a digital asset)?"
If you held on to a digital asset in 2022 but didn't purchase more of it or sell any of it or you transferred it to another account, you generally don't have to answer yes, according to the IRS' instructions.
However, if you sold any digital assets whether at a loss or for a gain, you must answer yes to the question and use form 8949 to record your capital gain or loss. You must also check yes and fill out the form if you acquired any new digital assets during the year. That may include digital assets you may have received as a form of compensation in 2022.
Please call us if you need help with reporting your digital asset transactions on your tax return. 509-389-2379

02/12/2023

As tax season has begun, we are having to let people know that last year the tax credits were extremely generous and this year they have reverted back to previous year's amounts.

The credits that are affected are the Earned Income Tax Credit and the Child Tax Credit. Fortunately for lower income people in Washington State the new Working Families Credit helps to offset the difference.

Let us know if we can help you with your tax situation this year.
509-389-2379

Address

Deer Park, WA
99006

Telephone

509-389-2379

Website

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