Tobin CPA Tax & Accounting

It is with profound sadness that I share some unexpected news. My business partner and dear friend, Shaun Tobin, passed away on July 14 after a courageous battle with cancer. Our hearts are broken by this tremendous loss.

Working alongside Shaun was one of the greatest privileges of my career. He wasn't just an exceptional CPA—he was a trusted advisor, an incredible mentor, a loyal friend, and someone who genuinely cared about every person he met. His integrity, kindness, and unwavering dedication inspired me every single day. There will not be a day that goes by that I won't miss him.
For those of you who had the privilege of knowing Shaun, you know the relationships he built with his clients meant the world to him. The outpouring of calls, emails, prayers, and kind words over the past week has been a beautiful reminder of just how many lives he touched and the lasting impact he made on everyone around him.

Many of you have asked how you can honor Shaun's memory. To celebrate the remarkable life he lived, we are planning a Celebration of Life in September where his family, friends, clients, and colleagues can come together to share stories, remember the impact he made, and celebrate the incredible legacy he leaves behind. We will share details as they become available.

One of Shaun's greatest passions was helping others succeed, and I want that part of his legacy to continue. In his honor, I am working with LSU Shreveport to establish a college scholarship fund in his name. I look forward to sharing more information in the coming weeks for those who would like to help support this lasting tribute to a man who gave so much to so many.

Again, thank you all for your love, support, prayers, and compassion during this incredibly difficult time. Shaun's legacy will live on through the countless lives he touched, and he will never be forgotten.

📚 Book Smarts: Why Monthly Bookkeeping Matters

Are your books working for you—or creating stress every month?

Our monthly bookkeeping services help business owners stay organized, informed, and ready for tax season all year long. Instead of scrambling to find receipts, categorize transactions, or figure out where your money is going, you can focus on running and growing your business.

✅ Accurate financial records
✅ Monthly account reconciliations
✅ Clear financial reports
✅ Better cash flow visibility
✅ Fewer surprises at tax time

At Tobin CPA Tax & Accounting, we specialize in helping small businesses gain confidence in their numbers with reliable, professional bookkeeping support.

With over 25 years of experience, our team is here to help you keep your finances on track and make informed business decisions.

📞 Schedule your FREE consultation today!
Amy Latham
📧 [email protected]
📱 512-670-8188

📍 Now proudly serving businesses in Reno, NV and beyond.

Book Smarts: Q&A

💡 “Should I hire a bookkeeper?”

If you’re asking the question… the answer is probably yes. 😉

Here are a few signs it may be time to bring in a professional bookkeeper:

✔️ You’re behind on reconciling accounts
✔️ Tax season feels stressful every year
✔️ You’re unsure if your numbers are accurate
✔️ Invoices and bills are piling up
✔️ You spend more time in QuickBooks than running your business

A good bookkeeper does more than categorize transactions — they help you understand your finances, stay compliant, and make confident business decisions.

And in many cases, outsourcing bookkeeping is substantially more affordable than hiring a full-time employee.

📚 Clean books = smarter business decisions.

We are currently accepting new clients and would love to set up a FREE consultation to discuss how we can help support your business and financial goals.

📩 Send us a message to get started or give us a call 512.670.8189

📚 Book Smarts: Common Bookkeeping Mistakes to Avoid

Small bookkeeping mistakes can turn into big financial headaches. Here are a few common issues business owners should watch for:

❌ Mixing personal & business expenses
❌ Falling behind on reconciliations
❌ Not keeping receipts or documentation
❌ Forgetting to track cash transactions
❌ Misclassifying expenses
❌ Ignoring monthly financial reports
❌ Waiting until tax season to “clean things up”

Good bookkeeping isn’t just about taxes — it helps you make smarter business decisions all year long.

✅ Stay organized
✅ Review your numbers monthly
✅ Ask for help before small issues become expensive problems

Need help getting your books back on track? Our team is here to help make bookkeeping simple and stress-free. Give us a call to schedule a free consultation 512.670.8189 or email us at [email protected]. We look forward to helping you with all of your accounting and tax needs.

📊 Book Smarts Tip: How to Read Your Profit & Loss Statement

Your Profit & Loss (P&L) isn’t just a report—it’s the story of your business performance. Here’s how to make sense of it:

👉 Start with Revenue
This is your total income. Are your sales trending up, down, or staying flat?

👉 Review Cost of Goods Sold (COGS)
These are the direct costs tied to what you sell. Keeping this in check protects your margins.

👉 Know Your Gross Profit
Revenue minus COGS = Gross Profit. This shows how efficiently you’re delivering your product or service.

👉 Scan Operating Expenses
Look at rent, payroll, software, and overhead. Small increases here can quietly eat into profits.

👉 Focus on Net Profit
This is your bottom line—the true measure of profitability after all expenses.

💡 Pro Tip: Don’t just look at one month. Compare trends over time to spot opportunities and catch issues early.

Need help breaking down your numbers? We’re here to help you turn insights into action. Call or email us today! 512.670.8189 or [email protected]

📚 Book Smarts Tip: Why Bookkeeping Clean-Up Is Easiest in Q2

Now that tax season is behind us, Q2 is the perfect window to get your books back on track—and here’s why:

✔️ Everything is still fresh – Transactions from earlier in the year are easier to review, categorize, and correct
✔️ Fewer time pressures – You’re not up against tax deadlines, so you can be more thorough and strategic
✔️ Better decision-making – Clean books now mean clearer insights for the rest of the year
✔️ Avoid year-end stress – Fixing issues now prevents bigger (and more expensive) problems later

Think of Q2 as your “reset button” for your financials.

If your books are behind or messy, now is the time to clean them up—future you will thank you.

📩 Need help getting everything organized? We’ve got you covered. Call or email us today for a free consultation at 512.670.8189 or [email protected].

💬 Tax Talk: Mid-Year Tax Planning = Smart Moves, Bigger Savings

Tax season may be behind us—but your tax strategy shouldn’t be.

Mid-year is one of the most powerful (and most overlooked) opportunities to take control of your financial picture before year-end deadlines sneak up. This is where proactive planning turns into real savings.

Here’s what a mid-year tax planning meeting can do for you:

✨ Uncover Hidden Tax Savings
We’ll review your income, expenses, and deductions to identify opportunities you can still take advantage of this year—not after it’s too late.

📊 Fine-Tune Estimated Payments
Avoid underpayment penalties or overpaying the IRS. We’ll adjust your estimates based on your current numbers so there are no surprises.

💼 Optimize Your Business Strategy
From timing income and expenses to evaluating entity structure, we help you make strategic decisions that directly impact your bottom line.

📈 Plan for Growth & Cash Flow
Big year so far? Planning a major purchase or investment? We’ll help you align your tax strategy with your financial goals.

🧾 Maximize Credits & Deductions
There may be new or missed opportunities available—especially if your situation has changed since the beginning of the year.

⏳ Stay Ahead of Year-End Deadlines
The best tax strategies require time. Meeting now gives you flexibility and control before December pressure hits.

The difference between a stressful tax season and a successful one often comes down to planning right now.

📅 Let’s get ahead of it together.
Schedule your mid-year tax planning meeting today and take the guesswork out of your taxes.

📩 Message us or reach out to get on the calendar—we’d love to help you finish the year strong! 512.670.8189 or [email protected]

Tax Day is here—and we just want to say THANK YOU. 🙌

To our amazing clients: thank you for trusting us with your businesses, your finances, and your peace of mind. We know taxes can be stressful, and it’s an honor to guide you through it every step of the way.

If you’ve been thinking about switching CPA firms or need trusted support for your business or personal taxes, we’d love to connect. Our team is here year-round to help you stay organized, compliant, and financially confident. You can reach us by phone at 512.670.8189 or by email at [email protected].

And to everyone who filed, extended, organized, or simply made it through—take a moment to celebrate. 🎉

Here’s to a successful season behind us and a strong financial year ahead!

⏰ Tax Talk: One Week Until Tax Day — Here’s What to Expect

We’re officially down to the final week before Tax Day! Here’s what you should keep in mind as the deadline approaches:

✔️ Filing Rush: Expect longer wait times with tax professionals and slower processing as submissions peak.
✔️ Last-Minute Documents: Double-check that you’ve included all income, deductions, and credits—missing items can cause delays or amendments later.
✔️ Payments Are Due: Even if you file an extension, any taxes owed are still due by Tax Day to avoid penalties and interest.
✔️ Refund Timing: If you’re expecting a refund, filing electronically with direct deposit is still the fastest way to receive it.
✔️ Extensions Are Okay: Need more time? Filing an extension gives you until October—but remember, it’s an extension to file, not to pay.

💡 Pro Tip: Don’t wait until the last minute—review, file, and submit early this week for peace of mind.

Have questions or feeling the pressure? We’re here to help you cross the finish line! 🏁 Give us a call at 512.670.8189 or send an email to [email protected] for your free consultation.