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Louisiana Cannabis Accounting

Puff Puff Accounting, serving Louisiana, 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.

Louisiana 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 accountancy on your own and DIY it. Alternatives like QuickBooks have actually made this feasible, yet I alert you, if you are doing among these two things, you probably need to let another person care for it.

  1. If you are covertly wondering if you’re even doing this right at all, that’s a warning.
  2. If you’re refraining it at all because well you do not understand what to do as well as it’s overwhelming, that’s a significant warning and also it’s time to allow a professional take over.
What are common ways accountants bill their clients?
Some CPAs costs per hour, they charge you some bucks per hr depending upon just how much time they put in. It’s also usual to bill fixed costs for specific jobs. Your Certified Public Accountant might do your income tax return for one price and also prepare an additional estimate for the next project. An additional popular rate framework is the yearly set price contract. Your CPA may claim, “I’m going to give this variety of services to you, and I’m going to offer you endless telephone call as well as limitless meetings, as well as I’m mosting likely to do that all for $X quantity of dollars each year.” That buck quantity would certainly probably be billed monthly. We usually advise partnerships which are not per hour. Taken care of cost invoicing encourages communication between the client and also the Certified Public Accountant. The more the Certified Public Accountant knows about the customer’s service as well as their life and what’s going on, the better guidance they can offer. When customers are uncomfortable with picking up the phone, terrified they’re going to get a huge costs, they are less likely to choose the phone speak to their CPA when they have something on their mind.
What should I expect from my CPA?
What you ought to get out of your CPA depends a great deal on your business goals. If you’re an extremely small company and also you’re not planning to grow a lot in the future, maybe all you require is a person to prepare your tax return. Nevertheless, perhaps you have a growing service. You require someone who can seek advice from you on staff member issues, administration problems, accounting system established and layout. These are some points to think about when visualizing the degree of dedication you need from your CPA. I usually trainer my clients to put together a wish list of points they desire from us. Certainly, the even more commitment a customer requires from us, the larger the interaction will certainly be, which will enhance prices. Starting from the optimum as well as working down, however, is always the very best wager. We can trainer you on which things on your want list will certainly be the most impactful to your service and which ones could be lesser. So list out those specific purposes you want to complete with your CPA. “This is what I want out of that connection.” Do not be afraid to make that a rather long list. What you intend to do is pretend money is no things. Listing everything that you want to get out of this partnership. From that placement, you can begin to focus on that list and say, “these 6 things are crucial in this relationship that I’m going to have.”.
Do I need a bookkeeper or an accountant for my business?
So how do you know who you need to employ? Should it be a bookkeeper, an accountant, or a CPA? What’s the distinction? The most important thing is just that you know that these documents are being kept and that you feel great in the person keeping them. A bookkeeper keeps your bookkeeping records. They get in all deals, as well as they stabilize your funds. Accounting professionals focus on finances, tax obligations, spending plans, organisation operations, pay-roll, as well as money management. But understand this, there are different kinds of accounting professionals who concentrate on numerous locations of company. To put it simply, if you break your leg, don’t most likely to the skin doctor. You want to ensure that you discover the best person for your local business. Puff Puff Audit has bookkeepers and accountants on team. This way. When it concerns month-to-month deal processing, our bookkeepers can do it for a lesser cost. When we’re speaking about money management and tax planning, you have a Certified Public Accountant ready to action in.
What are the 5 types of accountants?
What is action number one of becoming rewarding in your company? You’re going to need an accountant. Currently you do not need to hire us. You can work with in house. If you engage in residence, that should you get? There are a great deal of options and also many different budgets around that you need to be familiar with. You do not wish to obtain the incorrect individual for the incorrect job summary. The initial person you’re mosting likely to employ is your bookkeeper. This is the information entry professional. Depending on where you live, you’re going to pay a different quantity for he or she. If you stay in Idaho, for instance, you might be on the reduced end around 18 to $20,000 a year. Yet if you remain in New York or The Golden State, you could be upwards of 40,000 or perhaps $45,000 a year for the exact same position. Know that he or she offers a certain role. They’re not mosting likely to be solid at creating reports for you or operating analytics or accounting processes. Their work is to obtain data into the system. And if you’re a brand-new business owner, likely, you’ve been doing this yourself. It’s clever to offload several of the hefty grunt work of accountancy, which will allow you to begin examining the reports. An accountant is a good hire for anyone prepared to broaden their organisation, but not prepared to buy the high top rate accountants just yet. The next degree up people is the accounting professional. Now, a great deal of people believe accountants as well as accounting professionals coincide. They’re not. It’s really, extremely various. You’re mosting likely to pay a greater quantity for someone that’s an accountant. Your accountant has actually been putting data into the system all month long. Your accounting professional typically is aiding to oversee that procedure. Then, at the end of the month, your accounting professional will certainly do a few of the more hefty training jobs which require reconciling your trial balance and also making month-end journal entries. They will certainly likewise do some of the accrual work that’s going to need to happen in your financials. Sometimes, an accounting professional will certainly assist create monetary declarations. They go to that month’s end position. For an accounting professional, depending once again on where you live, you can expect to pay anywhere from perhaps $30k as much as $60k/year. The next degree up is the controller. The controller fills the procedure of looking after the entire bookkeeping system. They get to manage what’s taking place and when. They ensure the information is entering into the system on time, which the month and basic rate of interests are taking place on time. The controller is in charge of the final product that’s appearing of the audit system. That is the annual report, the income declaration, and also the cash flow statement. Those kinds of records rest on the shoulders of your controller. This is a much more expensive position to fill, and also it must be. He or she requires to have a great deal of experience, should at the very least a bachelor’s degree in bookkeeping, otherwise getting into their master’s level. I would expect to pay anywhere from $45k to $85k/year for he or she. Currently we’re mosting likely to speak about the King or queen on top of the hill. This is your CFO. CFO means “chief financial officer.” They hold a C collection position in your firm. He or she’s expensive. You wish to be careful when you hire a CFO because not all CFOs are created equivalent. Everything up to this factor has actually been task-related, concentrating on simply journal entries and also debiting and attributing. When you step into a CFO duty, this calls for critical reasoning. Not all accountants have that ability. If they’re unable to see the big picture and also create plans that are company development related, they aren’t gotten the job. They need to equate the job that the remainder of the group is doing into objectives for your company. Your CFO needs to see to it that you’re striking the targets you require to hit with the correct amount of cash behind each goal. For a CFO, you can expect to pay anywhere from $75k to $250k/year. That is generally what I have actually seen nationwide for someone of this quality. Lastly is the CPA. The CPA stands for “certified public accountant.” If you’ve begun your firm, you understand that you require a tax obligation person, right? That’s the CPA. His work is to do 2 points. One is to prepare your tax obligation method. That is to take every little thing you’re doing throughout the year as well as prepare it so that you are not spending greater than you need to on taxes. That’s the primary goal. Nevertheless, a Certified Public Accountant commonly fills the function of an auditor where they come in as an independent party. They ensure that your books are accurate and clean as well as reflective of what’s taking place in the real world. In terms of cost, you’re going to invest anywhere in between $125 a hr to upwards of $450 a hr for a certified CPA.

Contact Us

(833) 319-0797