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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.

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.

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 certainly means to take on your accounting on your own and DIY it. Choices like QuickBooks have made this possible, but I alert you, if you are doing among these two things, you possibly require to let someone else deal with it.

  1. If you are covertly questioning if you’re also doing this right in all, that’s a warning.
  2. If you’re refraining from doing it in all because well you do not know what to do as well as it’s frustrating, that’s a significant warning as well as it’s time to allow a specialist take control of.
What are common ways accountants bill their clients?
Some CPAs expense hourly, they charge you some dollars per hr depending upon how much time they place in. It’s likewise common to bill dealt with costs for individual tasks. Your CPA might do your income tax return for one rate and also prepare an additional quote for the following task. An additional preferred cost framework is the annual fixed price arrangement. Your CPA may claim, “I’m going to offer this variety of services to you, and I’m going to provide you endless telephone call and also endless conferences, as well as I’m going to do that all for $X amount of dollars annually.” That dollar amount would probably be billed monthly.

We generally suggest relationships which are not per hour. Fixed charge invoicing urges communication between the customer and the Certified Public Accountant. The more the CPA finds out about the client’s service as well as their life and also what’s going on, the better suggestions they can give. When customers are uncomfortable with grabbing the phone, terrified they’re going to get a big expense, they are less likely to select the phone talk 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 company goals. If you’re a very local business and also you’re not planning to expand a lot in the near future, maybe all you require is a person to prepare your income tax return. Nevertheless, perhaps you have an expanding organisation. You need a person who can seek advice from you on employee matters, management concerns, accounting system set up as well as style. These are some things to think about when thinking of the degree of dedication you require from your Certified Public Accountant.

I generally instructor my clients to create a wish list of points they want from us. Naturally, the even more dedication a client requires from us, the bigger the engagement will certainly be, which will raise prices. Starting from the maximum and functioning down, though, is constantly the very best bet. We can instructor you on which products on your shopping list will be one of the most impactful to your service as well as which ones could be less important.

So list out those certain purposes you intend to complete with your Certified Public Accountant. “This is what I desire out of that connection.” Don’t be afraid to make that a pretty long list. What you wish to do is pretend cash is no things. Checklist everything that you desire to get out of this connection. From that position, you can begin to focus on that listing and also claim, “these six points are essential in this partnership 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 work with? Should it be an accountant, an accountant, or a CPA? What’s the difference? One of the most crucial thing is just that you understand that these documents are being maintained and that you feel great in the person maintaining them.

An accountant keeps your accounting records. They enter all transactions, and they balance your funds. Accountants specialize in financial resources, taxes, budgets, organisation operations, payroll, and money management. Yet recognize this, there are different sorts of accountants that concentrate on different areas of organisation. Simply put, if you damage your leg, do not go to the skin specialist.

You want to make certain that you discover the appropriate person for your local business. Smoke Smoke Accountancy has bookkeepers as well as accountants on staff. This way. When it pertains to monthly deal handling, our accountants can do it for a lesser fee. When we’re speaking about money management and also tax preparation, you have a Certified Public Accountant ready to action in.

What are the 5 types of accountants?
What is action leading of coming to be rewarding in your service? You’re going to need an accounting professional. Now you don’t need to hire us. You can work with in house. If you take part in residence, that should you obtain? There are a lot of options and several budgets out there that you need to be aware of. You do not wish to obtain the incorrect person for the wrong job summary.

The first individual you’re mosting likely to hire is your accountant. This is the data entry specialist. Depending upon where you live, you’re mosting likely to pay a various amount for he or she. If you stay in Idaho, for instance, you could be on the lower end around 18 to $20,000 a year. Yet if you remain in New York City or The Golden State, you could be upwards of 40,000 or even $45,000 a year for the same placement. Know that he or she offers a specific function. They’re not going to be strong at developing reports for you or doing business analytics or accounting processes. Their task is to obtain data right into the system. And if you’re a new business owner, likely, you have actually been doing this yourself. It’s smart to unload some of the hefty grunt work of accountancy, which will allow you to start evaluating the reports. A bookkeeper is a good hire for any person prepared to broaden their service, however not prepared to purchase the high top rate accountants right now.

The following level up men is the accountant. Currently, a great deal of people believe bookkeepers and accounting professionals are the same. They’re not. It’s very, very various. You’re going to pay a higher quantity for someone that’s an accountant. Your accountant has actually been placing information into the system all month long. Your accountant normally is assisting to look after that procedure. Then, at the end of the month, your accounting professional will certainly do several of the more heavy training jobs which require resolving your trial equilibrium as well as making month-end journal access. They will certainly likewise do a few of the accrual job that’s going to require to take place in your financials.

In many cases, an accountant will help produce economic statements. They are at that month’s end placement. For an accounting professional, depending once again on where you live, you can expect to pay anywhere from maybe $30k up to $60k/year.

The following level up is the controller. The controller loads the process of looking after the entire bookkeeping system. They get to orchestrate what’s occurring and also when. They make certain the information is getting involved in the system in a timely manner, which the month and general passions are occurring on schedule. The controller is in charge of the final product that’s appearing of the accountancy system. That is the balance sheet, the earnings declaration, as well as the cash flow declaration. Those kinds of records rest on the shoulders of your controller. This is a more expensive placement to load, and also it must be. This person requires to have a lot of experience, need to a minimum of a bachelor’s level in audit, if not entering into their master’s level. I would expect to pay anywhere from $45k to $85k/year for he or she.

Now we’re going to speak about the King or queen in addition to the mountain. This is your CFO. CFO represents “primary financial officer.” They hold a C suite setting in your firm. This person’s expensive. You wish to beware when you hire a CFO since not all CFOs are produced equal. Everything as much as this point has actually been task-related, concentrating on simply journal entrances and also debiting as well as crediting. When you enter a CFO duty, this requires tactical thinking. Not all accountants have that ability. If they’re unable to see the big picture as well as produce strategies that are service advancement related, they aren’t received the task. They should translate the job that the remainder of the team is doing into goals for your company. Your CFO requires to see to it that you’re striking the targets you require to hit with the right amount of cash behind each goal. For a CFO, you can expect to pay anywhere from $75k to $250k/year. That is usually what I have actually seen nationwide for somebody of this quality.

Lastly is the CPA. The CPA stands for “state-licensed accountant.” If you’ve started your company, you recognize that you need a tax obligation individual, right? That’s the CPA. His task is to do 2 points. One is to prepare your tax obligation technique. That is to take whatever you’re doing throughout the year and also prepare it to ensure that you are not investing more than you require to on tax obligations. That’s the primary objective. However, a Certified Public Accountant typically fills up the duty of an auditor where they can be found in as an independent party. They make certain that your books are precise as well as clean and reflective of what’s taking place in the real life. In regards to expense, you’re going to invest anywhere between $125 a hr to upwards of $450 a hr for a certified CPA.

Contact Us

(844) 382-8160