DIMETA SMITH, CPA LLC

📢 Have you heard of the new Overtime Rule impacting business owners?📢 If you have exempt employees, you will want to listen up! ➡️ The U.S. Department of Labor's new overtime rule increased the salary threshold for executive, administrative, and professional exempt employees to $43,888 annually ($844 per week) and went into effect on July 1, 2024. This could make previously exempt employees non-exempt for overtime pay. Does this new rule apply to you? Need help navigating what to do now? ✅ Reach out to us and set up a consultation today! https://lnkd.in/exCHan8B Want to read more on the release? https://lnkd.in/e6EXveV3 Be sure to stay connected to Dimeta Smith CPA. We keep up with updates and changes, so you don't have to! 

Happy 4th of July from Dimeta Smith, CPA!

Did you file your 2023 tax return and then realize you'd made a mistake? 👀 Perhaps you completed your return yourself and made an error in math or neglected to include a schedule that should've been attached. Or maybe you recently remembered some large, potentially deductible, charitable donations you'd made in early 2023 that you'd forgotten to tell your tax professional about. Now you may be wondering if you need to file an amended return. Taxpayers usually don't need to file amended returns for certain issues. For example, the IRS will correct any math errors while processing tax returns and notify the taxpayers. And if a form or schedule is missing, the tax agency will send a letter requesting it. Certain other changes, however, require an amended return to be filed. They include: a change of filing status, missing income, incorrect deductions or credits, and an inaccurate tax liability. Contact us if you have any questions or need help filing an amended return!

Today we recognize and celebrate Juneteenth. Juneteenth, also known as Emancipation Day or Freedom Day, commemorates the day on June 19, 1865, when Union soldiers arrived in Galveston, Texas, with news that the Civil War had ended and that all enslaved individuals were now free. This announcement came two and a half years after the Emancipation Proclamation had been issued by President Abraham Lincoln. Today, let's continue to celebrate African American history, culture, and achievements, as well as promote education and racial equality.

📢We are expanding our team!📢 We are excited to announce 3 open positions at Dimeta Smith, CPA. If you are interested in a fast paced and fun environment, please apply! Open positions: ➡️ Tax Manager ➡️ Advisory Services Manager ➡️ Senior Tax Accountant Here at Dimeta Smith, CPA, we understand numbers and we understand people and their passions. We help people make their passions profitable and we would love for you to be a part of our success story! Visit our website to learn more information and to submit your application.

Let's demystify another accounting term: Accrual Basis Accounting. Unlike cash basis, accrual accounting records revenues and expenses when they are earned or incurred, not just when cash changes hands. This gives a more accurate financial picture, crucial for making informed decisions. Embrace the accruals, and see the full story of your finances! Need a deeper explanation? Reach out to us today! #AccrualAccounting #FinancialLiteracy

An emergency fund is your financial safety net, designed to catch you when life throws unexpected challenges your way. This Financial Literacy Month, let's highlight the importance of setting aside money for emergencies. Whether it's a job loss, medical emergency, or unexpected repair, your emergency fund is there to ensure you land on your feet. Start building yours today! Need help? Ask us how! #EmergencyFund #FinancialLiteracy

It's Financial Literacy Month! 🎉  Let's talk about the foundational concept of budgeting. A well-planned budget is not just about tracking expenses but about empowering your financial freedom. It's the roadmap that guides your financial journey, ensuring you can achieve your dreams without getting lost in debt. So, here's your sign to start that budget plan today! #FinancialFreedom #BudgetingBasics" #FinancialLiteracy

Happy Financial Literacy Month! 📚 Let's kick things off with a fundamental concept: The Accounting Equation! Assets = Liabilities Equity. This simple formula is the backbone of accounting, helping businesses keep their finances in check. Remember, understanding your assets and how they impact your business is key to financial success. #FinancialLiteracy #AccountingBasics

🎉 Celebrating 14 Years in Business! 🎉 As we hit this incredible milestone of 14 years as Dimeta Smith CPA, LLC , I find myself reflecting on the journey that brought us here. It's been a road marked with challenges, growth, and countless successes. Yet, none of this would have been possible without the unwavering support and dedication of my phenomenal team. Your hard work, commitment, and passion for excellence have not only propelled our firm to new heights but have also created a culture of camaraderie and mutual respect. It's your innovative ideas, your relentless pursuit of excellence, and your dedication to our clients that make us who we are. As we celebrate this milestone, I want to express my deepest appreciation to each and every one of you. Your contribution is the backbone of our success, and I am immensely thankful for the role you play in our journey. Here's to celebrating our past achievements and to the many more successes that lie ahead. Together, we've made these 14 years truly remarkable, and I couldn't be more excited for what the future holds for us. Thank you for being such an integral part of our story. #14YearsStrong #TeamAppreciation #CelebratingSuccess #CPAProud