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California Cannabis Accounting

Puff Puff Accounting, serving California, is a cannabis industry focused CPA firm. We put all the pieces together so that you can focus on making money with your cannabis business.

You need CPA who understands the cannabis industry – (833) 319-0797

Puff Puff Accounting has provided tax planning, auditing and accounting services for cannabis businesses through the United States. You won't just see as at tax season. We advise many of our clients throughout the year. when you work with Puff Puff Accounting, you're not just meeting with a team of experienced accountants, you're gaining a lifelong advisor.

Our Services

Audit Response & Tax Resolution

Tax audits often happen years after the return in question was filed. That can make for a messy situation.

Corporate Entity & Structure Planning

Of all the choices you make when starting a business, one of the most important is the type of legal structure you select for your company.

Technical Accounting Services

Whether it’s preparing compliant financial statements or preparing for an audit, accounting responsibilities can be complex.

Tax Planning & Preparation

Tax preparation is a service that helps you file your tax returns. Make sure your tax reporting complies with federal and state tax laws.

Payroll Services

Payroll service will collect wage and hour information from the employer and use that information to calculate gross wages.

Bookkeeping Services

Recording receipts from customers. Verifying and recording invoices received from suppliers. Paying suppliers. Processing employees’ pay.

We Are Experts In Cannabis Tax Law

A lot of our new business comes from referrals from existing clients. That really says lot about how our clients are satisfied with the level of work that we perform for them.

Our clients tell their friends how well their accountant takes care of them. They say "My account is my friend now. I trust her." That level of trust is what we strive to achieve with all our clients.

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Tax Peace Of Mind

We do our best to maximize our client's return and get deductions for them that keeps them out of trouble.
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We're Affordable

When we work with small cannabis businesses, basically we become their affordable in house CFO.
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Year Long Tax Planning

The value that a client receives from a full service firm like Puff Puff Accounting is that they get full advisory and planning all year long.

Big Savings

Free 15 Minute Consult - (833) 319-0797

Get A Free Online Consultation

Have burning questions you need to get answered? Take advantage of our free half hour initial consultation.

Testimonnials

“Hiring Edwin was one of the first and one of the best decisions I ever made when I first launched my company. He’s gone up to bat for me several times and is always on top of the latest changes in tax law. I couldn’t recommend Edwin more.”
Tylor B

“Our very first visit with this team put us at such ease and assurance that sharing all of our financial details was in very capable, professional and personable hands. We have been very pleased with the level of service we are receiving year in and year out.”
Adrian F

“They use the most current technology to securely access and review my confidential documents in a user-friendly platform. They are professional and have integrity that is hard to find. I would highly recommend J Chester to anyone.”
Ginger D

Protect Investments
Maintain Margins
Drive Growth

CPA Relationship Built On Trust

Finding a good CPA is almost like trying to find a good boyfriend or girlfriend. It's kind of like dating in a sense because it really starts with trust. This is a person who is going to know a tremendous amount of information about you. They're going to know your social security numbers. They're going to know how much you make and how you make your money.. They're going to really know your life and at a very personal level that most other professionals will never know and so it's really important you find somebody you can trust.

This trust is especially important for entrepreneurs in the cannabis industry. We build our client relationships on a solid foundation of trust. Spend an hour talking with us about your cannabis business and you'll know exactly what that means. We want to be your CPA and your trusted friend. We want to be the first person you call when there's a financial propblem in your company.

Our Mission

Talent is what sets exceptional organizations apart from the pack. At Puff Puff Accounting, we are committed to high standards of professionalism, integrity, and capability. When you hire a us as your CPA, you can rest assured that you're hiring a professional with a financial proficiency, strategic vision and commitment that will help your cannabis business compete and succeed.

Our mission is to be equipped to manage the pressures and pace of the cannabis industry with a deep understanding of cannabis laws. We will help you run an exceptional business while working within strict cannabis laws and regulations.

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Happy Clients

Recreational Use States

Medical Legalized States

Our Vision

CPAs work with a variety of businesses in every industry imaginable on a regular basis. It's not uncommon for a CPA to start the day working with a car dealership and by lunchtime a manufacturer and then in the afternoon to be solving a complicated issue related to a trust.

Our vision is to specialize in the cannabis industry in order to offer a level of expertise that cannot be matched by a traditional CPA firm.

California Cannabis Tax Services

The cannabis industry is unique. Don’t risk your livelihood my hiring a CPA who doesn’t have experience with cannabis laws and regulations. We will be your guide through a sea of stumbling blocks.

We specialize in cannabis tax law and regulations.

Cannabis Tax Planning And Preparations

Cannabis entrepreneurs carry a heavy tax burden. These taxes can make it difficult for cannabis businesses to generate a profit. Proper tax planning and knowledge of cannabis tax law is critical. Let us reduce your tax liability and increase your profits.

Tax Compliance

Cannabis tax law is complicated. Don't risk your business by being unaware of your tax liability.
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Yearly Tax Filing

Proper tax planning can massively reduce your tax liability at the end of the year.

Tax Resolution

Get representation by someone who knows the complexities of cannabis tax law. Don't risk hiring a traditional CPA.

Revenue Reconsiliation

A revenue reconciliation confirms whether your financial accounting matches your VAT statements. We recommend that you perform a revenue reconciliation at the end of each tax period, so that any incorrect bookings can be identified in a timely manner.

Financial Statements And Audit Support

There are four main financial statements. They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders’ equity. Balance sheets show what a company owns and what it owes at a fixed point in time.

Business Combinations

A business combination is a transaction in which the acquirer obtains control of another business (the acquiree). Business combinations are a common way for companies to grow in size, rather than growing through organic (internal) activities.

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Frequently Asked

When is it time to hire a CPA for my cannabis business?

There are certainly ways to take on your accounting on your own and also DIY it. Choices like QuickBooks have actually made this possible, yet I warn you, if you are doing one of these 2 things, you probably require to allow someone else take care of it.

  1. If you are secretly wondering if you’re also doing this right at all, that’s a warning.
  2. If you’re refraining it whatsoever because well you do not know what to do and also it’s overwhelming, that’s a substantial red flag as well as it’s time to let an expert take control of.
What are common ways accountants bill their clients?
Some CPAs expense hourly, they charge you some bucks per hour depending upon just how much time they place in. It’s also typical to bill repaired fees for individual jobs. Your Certified Public Accountant could do your tax return for one price and also prepare another estimate for the next project. An additional preferred price structure is the yearly set rate agreement. Your CPA could state, “I’m going to give this series of solutions to you, as well as I’m mosting likely to provide you endless phone calls and also limitless conferences, and also I’m mosting likely to do that all for $X amount of dollars each year.” That buck amount would certainly more than likely be billed monthly. We normally advise connections which are not hourly. Taken care of cost payment motivates interaction between the client and the Certified Public Accountant. The more the CPA understands about the client’s service as well as their life as well as what’s taking place, the much better guidance they can provide. When clients are unpleasant with getting the phone, afraid they’re going to get a large expense, they are less likely to pick the phone speak with their Certified Public Accountant when they have something on their mind.
What should I expect from my CPA?
What you should anticipate from your CPA depends a whole lot on your company goals. If you’re a really small business and also you’re not planning to expand much in the near future, possibly all you need is somebody to prepare your income tax return. Nevertheless, maybe you have an expanding business. You need somebody that can consult with you on employee issues, administration problems, accounting system established as well as layout. These are some points to take into consideration when picturing the level of dedication you need from your CPA. I usually train my customers to assemble a wish list of points they desire from us. Naturally, the even more commitment a customer requires from us, the larger the interaction will certainly be, which will boost costs. Beginning with the maximum and functioning down, though, is constantly the best bet. We can train you on which items on your shopping list will be the most impactful to your organisation and which ones could be lesser. So checklist out those details goals you want to accomplish with your Certified Public Accountant. “This is what I desire out of that connection.” Do not hesitate to make that a quite lengthy list. What you intend to do is pretend cash is no object. Checklist every little thing that you wish to get out of this partnership. From that position, you can begin to prioritize that checklist and also say, “these 6 things are most important in this connection that I’m going to have.”.
Do I need a bookkeeper or an accountant for my business?
So just how do you know who you need to work with? Should it be an accountant, an accountant, or a CPA? What’s the difference? One of the most crucial point is just that you know that these documents are being maintained and that you feel great in the individual maintaining them. An accountant keeps your accountancy documents. They get in all purchases, and also they balance your funds. Accountants focus on funds, taxes, budget plans, company operations, payroll, and also finance. But understand this, there are various kinds of accountants that focus on different areas of organisation. In other words, if you break your leg, do not most likely to the dermatologist. You intend to make certain that you discover the best individual for your local business. Puff Puff Audit has bookkeepers and also accountants on staff. By doing this. When it comes to monthly deal processing, our bookkeepers can do it for a minimal fee. When we’re speaking about finance and tax obligation preparation, you have a CPA ready to step in.
What are the 5 types of accountants?
What is action primary of coming to be rewarding in your organisation? You’re going to need an accounting professional. Currently you do not need to hire us. You can hire in home. If you take part in house, who should you get? There are a great deal of options as well as many different spending plans around that you need to be knowledgeable about. You don’t intend to obtain the incorrect person for the incorrect work summary. The initial person you’re going to work with is your accountant. This is the information access expert. Depending on where you live, you’re going to pay a different amount for he or she. If you reside in Idaho, for instance, you could be on the lower end around 18 to $20,000 a year. Yet if you’re in New York City or The Golden State, you could be upwards of 40,000 and even $45,000 a year for the same setting. Know that this person offers a details role. They’re not mosting likely to be solid at developing records for you or doing business analytics or accounting processes. Their job is to get information into the system. As well as if you’re a brand-new entrepreneur, likely, you’ve been doing this on your own. It’s clever to offload some of the heavy dirty work of accounting, which will certainly enable you to start examining the records. An accountant is a great hire for any person prepared to expand their service, yet not prepared to invest in the high top rate accountants right now. The following level up people is the accountant. Currently, a lot of people assume accountants and also accounting professionals are the same. They’re not. It’s extremely, really various. You’re going to pay a greater amount for someone that’s an accountant. Your bookkeeper has been placing information into the system all month long. Your accounting professional typically is helping to oversee that procedure. After that, at the end of the month, your accountant will certainly do a few of the more heavy training tasks which need integrating your test equilibrium and making month-end journal access. They will additionally do several of the amassing job that’s going to require to happen in your financials. In many cases, an accounting professional will help produce financial statements. They are at that month’s end position. For an accountant, depending once more on where you live, you can anticipate to pay anywhere from perhaps $30k as much as $60k/year. The following degree up is the controller. The controller fills the procedure of supervising the entire bookkeeping system. They reach coordinate what’s occurring and also when. They make sure the data is entering the system in a timely manner, and that the month and general interests are occurring on time. The controller is in charge of the final product that’s appearing of the accountancy system. That is the balance sheet, the revenue statement, and the capital statement. Those sort of papers rest on the shoulders of your controller. This is a more costly setting to fill up, and also it must be. This person requires to have a great deal of experience, must a minimum of a bachelor’s level in accounting, otherwise entering into their master’s level. I would certainly expect to pay anywhere from $45k to $85k/year for this person. Currently we’re mosting likely to speak about the King or queen on top of the mountain. This is your CFO. CFO means “chief financial officer.” They hold a C collection position in your company. This person’s expensive. You want to take care when you employ a CFO because not all CFOs are produced equivalent. Everything as much as this point has been task-related, concentrating on just journal access as well as debiting as well as attributing. When you enter a CFO function, this needs strategic thinking. Not all accountants have that capability. If they’re not able to see the big picture and produce strategies that are company advancement associated, they aren’t gotten approved for the work. They should equate the job that the rest of the team is doing into objectives for your company. Your CFO requires to make certain that you’re striking the targets you require to hit with the correct amount of money behind each goal. For a CFO, you can anticipate to pay anywhere from $75k to $250k/year. That is typically what I have actually seen across the country for somebody of this caliber. Lastly is the CPA. The Certified Public Accountant means “state-licensed accountant.” If you’ve started your company, you understand that you require a tax man, right? That’s the CPA. His job is to do 2 things. One is to prepare your tax technique. That is to take every little thing you’re doing throughout the year and prepare it to make sure that you are not spending more than you require to on tax obligations. That’s the main goal. Nevertheless, a Certified Public Accountant commonly fills up the function of an auditor where they can be found in as an independent celebration. They ensure that your publications are exact and also tidy and reflective of what’s occurring in the real life. In regards to price, you’re mosting likely to invest anywhere in between $125 an hour to upwards of $450 a hr for a qualified Certified Public Accountant.

Contact Us

(833) 319-0797