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Georgia Cannabis Accounting

Puff Puff Accounting, serving Georgia, 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.

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

1 Free Hour

Get A Free Online Consultation

Have burning questions you need to get answered? Take advantage of our free 1 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.

Georgia 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.

Get In Touch With a Professional

Send a Message

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Frequently Asked

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

There are absolutely means to handle your audit yourself and also DIY it. Choices like QuickBooks have made this feasible, but I caution you, if you are doing among these two things, you most likely require to let someone else care for it.

  1. If you are covertly questioning if you’re also doing this right at all, that’s a warning.
  2. If you’re refraining from doing it in any way because well you don’t recognize what to do and also it’s overwhelming, that’s a significant red flag and it’s time to allow an expert take control of.
What are common ways accountants bill their clients?
Some CPAs costs hourly, they bill you some bucks per hr depending on just how much time they place in. It’s additionally usual to bill taken care of costs for individual tasks. Your Certified Public Accountant might do your tax return for one price and prepare one more price quote for the next task. Another prominent price structure is the annual fixed price agreement. Your Certified Public Accountant might say, “I’m mosting likely to offer this series of solutions to you, as well as I’m going to give you unlimited telephone call and also endless meetings, and I’m going to do that all for $X amount of dollars each year.” That buck quantity would more than likely be billed monthly.

We normally suggest partnerships which are not per hour. Fixed cost billing urges interaction between the client as well as the Certified Public Accountant. The even more the Certified Public Accountant learns about the customer’s business as well as their life and what’s taking place, the much better guidance they can provide. When clients are unpleasant with picking up the phone, terrified they’re going to get a big expense, they are much less most 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 lot on your company goals. If you’re an extremely small business as well as you’re not planning to grow a lot in the future, possibly all you require is somebody to prepare your tax return. Nevertheless, probably you have a growing company. You need a person that can consult with you on employee issues, management problems, accounting system established and also style. These are some things to consider when visualizing the level of dedication you require from your CPA.

I normally trainer my customers to create a wish list of things they want from us. Certainly, the more dedication a client requires from us, the larger the interaction will certainly be, which will certainly increase prices. Beginning with the maximum as well as functioning down, though, is always the most effective wager. We can instructor you on which products on your shopping list will certainly be one of the most impactful to your service as well as which ones could be less important.

So listing out those details goals you wish to complete with your Certified Public Accountant. “This is what I desire out of that relationship.” Do not hesitate to make that a rather long listing. What you wish to do is pretend cash is no object. Listing every little thing that you want to get out of this connection. From that setting, you can start to prioritize that listing and also say, “these six things are essential in this relationship that I’m going to have.”.

Do I need a bookkeeper or an accountant for my business?
So exactly how do you know who you need to employ? Should it be an accountant, an accounting professional, or a Certified Public Accountant? What’s the difference? The most essential point is simply that you know that these records are being maintained which you feel great in the individual maintaining them.

An accountant maintains your accountancy records. They enter all deals, and also they balance your funds. Accounting professionals concentrate on finances, tax obligations, budget plans, business procedures, payroll, and finance. But understand this, there are various kinds of accountants that focus on various locations of organisation. Simply put, if you damage your leg, do not go to the skin doctor.

You wish to make sure that you discover the best individual for your small business. Puff Smoke Accounting has accountants and accountants on team. In this manner. When it pertains to month-to-month transaction handling, our accountants can do it for a lesser charge. When we’re talking about money management and tax obligation planning, you have a CPA all set to action in.

What are the 5 types of accountants?
What is step leading of becoming lucrative in your organisation? You’re going to require an accountant. Currently you don’t need to hire us. You can employ in house. If you take part in house, that should you get? There are a lot of alternatives and also several spending plans around that you need to be aware of. You don’t want to obtain the incorrect individual for the wrong task description.

The first individual you’re mosting likely to employ is your accountant. This is the data entrance expert. Relying on where you live, you’re mosting likely to pay a various quantity for this person. If you live in Idaho, as an example, you might be on the reduced end around 18 to $20,000 a year. Yet if you’re in New York or California, you could be upwards of 40,000 and even $45,000 a year for the same position. Know that he or she offers a specific role. They’re not going to be strong at producing reports for you or operating analytics or accounting procedures. Their work is to get information into the system. As well as if you’re a new business owner, likely, you have actually been doing this on your own. It’s clever to unload several of the heavy dirty work of audit, which will allow you to start examining the reports. An accountant is a good hire for anybody all set to broaden their service, however not prepared to buy the high top rate accounting professionals just yet.

The next degree up individuals is the accountant. Now, a great deal of people think accountants as well as accountants are the same. They’re not. It’s extremely, extremely various. You’re going to pay a greater quantity for somebody that’s an accountant. Your bookkeeper has been putting information right into the system all month long. Your accounting professional commonly is helping to supervise that procedure. Then, at the end of the month, your accountant will do a few of the more hefty lifting tasks which call for integrating your trial balance and also making month-end journal access. They will likewise do several of the amassing work that’s mosting likely to require to occur in your financials.

In some cases, an accounting professional will help develop financial statements. They go to that month’s end position. For an accountant, depending once again on where you live, you can anticipate to pay anywhere from maybe $30k as much as $60k/year.

The following level up is the controller. The controller fills up the procedure of managing the whole accounting system. They reach orchestrate what’s taking place as well as when. They ensure the information is getting involved in the system in a timely manner, and that the month and general passions are happening on time. The controller is accountable for the end product that’s appearing of the accountancy system. That is the annual report, the income declaration, as well as the cash flow statement. Those sort of records hinge on the shoulders of your controller. This is an extra costly setting to fill, as well as it should be. He or she requires to have a great deal of experience, need to a minimum of a bachelor’s level in accountancy, otherwise entering into their master’s degree. I would anticipate to pay anywhere from $45k to $85k/year for this person.

Now we’re mosting likely to discuss the King or queen on top of the hill. This is your CFO. CFO represents “primary financial officer.” They hold a C suite setting in your business. This person’s costly. You wish to take care when you hire a CFO since not all CFOs are developed equivalent. Whatever up to this point has been task-related, focusing on just journal entrances and also debiting as well as attributing. When you step into a CFO role, this requires tactical thinking. Not all accountants have that capacity. If they’re not able to see the big picture as well as create plans that are service growth related, they aren’t qualified for the task. They must equate the work that the remainder of the team is doing into objectives for your company. Your CFO needs to see to it that you’re hitting the targets you need 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 usually what I’ve seen across the country for somebody of this quality.

Finally is the Certified Public Accountant. The CPA stands for “state-licensed accountant.” If you’ve begun your business, you understand that you need a tax guy, right? That’s the Certified Public Accountant. His task is to do two points. One is to prepare your tax approach. That is to take every little thing you’re doing throughout the year and also prepare it so that you are not investing greater than you require to on taxes. That’s the primary objective. Nonetheless, a CPA commonly loads the function of an auditor where they are available in as an independent celebration. They make certain that your publications are accurate as well as tidy as well as reflective of what’s taking place in the real world. In regards to cost, you’re going to spend anywhere between $125 a hr to upwards of $450 an hour for a qualified CPA.

Contact Us

(844) 382-8160