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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

1 Free Hour - (833) 319-0797

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.

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.

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 methods to tackle your accountancy on your own as well as DIY it. Alternatives like QuickBooks have actually made this possible, but I alert you, if you are doing among these two points, you most likely need to let somebody else look after it.

  1. If you are secretly asking yourself if you’re even doing this right in any way, that’s a warning.
  2. If you’re not doing it in all because well you do not know what to do as well as it’s overwhelming, that’s a massive warning and it’s time to let a specialist take over.
What are common ways accountants bill their clients?
Some CPAs expense per hour, they charge you some dollars per hour depending upon how much time they place in. It’s additionally typical to charge fixed fees for individual projects. Your Certified Public Accountant might do your tax return for one rate and also prepare another estimate for the following task. One more popular price structure is the annual fixed rate agreement. Your CPA could claim, “I’m going to offer this variety of solutions to you, as well as I’m going to give you limitless telephone call and endless conferences, as well as I’m mosting likely to do that all for $X quantity of dollars per year.” That dollar amount would certainly more than likely be billed monthly. We typically recommend connections which are not hourly. Repaired cost invoicing motivates communication in between the client and also the Certified Public Accountant. The even more the Certified Public Accountant understands about the client’s organisation as well as their life as well as what’s taking place, the better suggestions they can offer. When customers are uneasy with getting the phone, worried they’re going to get a big bill, 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 should expect from your Certified Public Accountant depends a great deal on your service goals. If you’re a very local business and also you’re not planning to grow much in the near future, perhaps all you need is someone to prepare your income tax return. Nevertheless, maybe you have an expanding service. You require somebody who can talk to you on worker issues, management problems, accounting system established as well as style. These are some things to consider when picturing the degree of commitment you need from your CPA. I generally instructor my clients to put together a wish list of points they want from us. Obviously, the more commitment a customer requires from us, the larger the interaction will be, which will raise costs. Beginning with the optimum and also working down, though, is constantly the very best wager. We can instructor you on which products on your want list will certainly be one of the most impactful to your organisation and which ones may be lesser. So list out those details objectives you wish to complete with your CPA. “This is what I want out of that partnership.” Don’t hesitate to make that a quite lengthy listing. What you wish to do is pretend cash is no object. Listing everything that you wish to leave this relationship. From that placement, you can start to focus on that checklist and state, “these six points are most important in this partnership 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 require to hire? Should it be a bookkeeper, an accountant, or a CPA? What’s the difference? The most important thing is simply that you recognize that these records are being maintained which you feel confident in the person keeping them. A bookkeeper preserves your bookkeeping records. They get in all deals, as well as they balance your funds. Accounting professionals concentrate on financial resources, taxes, budgets, company operations, pay-roll, and finance. However know this, there are different kinds of accounting professionals who specialize in various areas of service. Simply put, if you break your leg, do not go to the dermatologist. You wish to make certain that you find the best person for your small company. Puff Smoke Accountancy has accountants and also accountants on personnel. This way. When it pertains to regular monthly deal processing, our bookkeepers can do it for a lesser fee. When we’re speaking about money management and also tax planning, you have a Certified Public Accountant all set to action in.
What are the 5 types of accountants?
What is step top of ending up being lucrative in your business? You’re mosting likely to require an accounting professional. Currently you don’t have to hire us. You can work with in house. If you engage in residence, that should you obtain? There are a lot of options as well as several budget plans around that you need to be knowledgeable about. You do not want to obtain the incorrect individual for the wrong job description. The first individual you’re mosting likely to work with is your accountant. This is the data entrance specialist. Relying on where you live, you’re going to pay a different amount for this person. If you reside in Idaho, for instance, you may be on the reduced end around 18 to $20,000 a year. Yet if you remain in New York City or California, you could be upwards of 40,000 or even $45,000 a year for the very same placement. Know that this person offers a certain function. They’re not going to be strong at producing records for you or doing business analytics or accounting procedures. Their work is to get information right into the system. As well as if you’re a new entrepreneur, likely, you have actually been doing this yourself. It’s clever to unload some of the heavy grunt work of audit, which will certainly enable you to begin examining the reports. A bookkeeper is a good hire for any person all set to increase their company, yet not prepared to buy the high leading tier accountants just yet. The following level up individuals is the accounting professional. Now, a lot of individuals believe bookkeepers and also accountants are the same. They’re not. It’s extremely, very various. You’re going to pay a greater amount for somebody that’s an accounting professional. Your bookkeeper has actually been putting data right into the system all month long. Your accounting professional normally is helping to look after that procedure. After that, at the end of the month, your accountant will certainly do several of the more hefty lifting jobs which call for integrating your test equilibrium as well as making month-end journal entries. They will certainly additionally do a few of the amassing job that’s going to require to happen in your financials. Sometimes, an accounting professional will help develop economic declarations. They go to that month’s end placement. For an accountant, depending once again on where you live, you can anticipate to pay anywhere from possibly $30k up to $60k/year. The following degree up is the controller. The controller fills the procedure of supervising the entire accounting system. They get to orchestrate what’s happening and when. They make sure the data is getting involved in the system promptly, and that the month and general passions are taking place on time. The controller is accountable for the end product that’s appearing of the audit system. That is the annual report, the income declaration, as well as the capital declaration. Those type of files rest on the shoulders of your controller. This is an extra expensive setting to fill up, and also it ought to be. He or she requires to have a lot of experience, need to at least a bachelor’s degree in accounting, if not getting involved in their master’s level. I would certainly anticipate to pay anywhere from $45k to $85k/year for this person. Currently we’re mosting likely to discuss the King or queen in addition to the mountain. This is your CFO. CFO represents “primary financial officer.” They hold a C suite position in your firm. He or she’s pricey. You wish to be careful when you employ a CFO since not all CFOs are produced equal. Whatever as much as this point has actually been task-related, focusing on just journal entrances and also debiting as well as crediting. When you step into a CFO function, this needs strategic thinking. Not all accounting professionals have that capability. If they’re not able to see the big picture and also create plans that are company development relevant, they aren’t gotten approved for the work. They should translate the job that the remainder of the group is doing into goals for your company. Your CFO requires to make certain that you’re hitting the targets you require to hit with the right amount of cash behind each objective. For a CFO, you can anticipate to pay anywhere from $75k to $250k/year. That is commonly what I have actually seen across the country for someone of this quality. Finally is the Certified Public Accountant. The Certified Public Accountant represents “state-licensed accountant.” If you’ve started your company, you know that you need a tax obligation guy, right? That’s the Certified Public Accountant. His task is to do two things. One is to prepare your tax strategy. That is to take everything you’re doing throughout the year as well as prepare it so that you are not investing more than you require to on tax obligations. That’s the main goal. Nevertheless, a CPA often loads the role of an auditor where they come in as an independent event. They see to it that your books are precise and also clean and also reflective of what’s happening in the real world. In regards to cost, you’re mosting likely to invest anywhere between $125 a hr to upwards of $450 a hr for a certified CPA.

Contact Us

(833) 319-0797