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Missouri Cannabis Accounting

Puff Puff Accounting, serving Missouri, 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.

Missouri 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 absolutely ways to handle your audit yourself as well as DIY it. Choices like QuickBooks have actually made this feasible, but I advise you, if you are doing among these 2 things, you probably require to let someone else care for it.

  1. If you are privately asking yourself if you’re even doing this right in any way, that’s a red flag.
  2. If you’re refraining from doing it at all because well you do not recognize what to do and also it’s frustrating, that’s a significant red flag and also it’s time to allow an expert take control of.
What are common ways accountants bill their clients?
Some Certified public accountants expense per hour, they charge you some bucks per hour depending upon how much time they place in. It’s also typical to bill dealt with fees for private projects. Your Certified Public Accountant might do your income tax return for one cost as well as prepare another estimate for the following job. One more preferred price structure is the annual set cost arrangement. Your CPA may state, “I’m mosting likely to provide this series of services to you, and also I’m mosting likely to offer you unrestricted telephone call as well as unrestricted conferences, and I’m mosting likely to do that all for $X amount of bucks annually.” That dollar quantity would certainly most likely be billed monthly. We typically recommend partnerships which are not hourly. Repaired charge invoicing encourages interaction in between the client and the Certified Public Accountant. The more the Certified Public Accountant knows about the client’s service and also their life and also what’s taking place, the far better guidance they can provide. When clients are uncomfortable with getting the phone, worried they’re going to get a huge costs, they are much less most likely to pick the phone talk with their Certified Public Accountant when they have something on their mind.
What should I expect from my CPA?
What you need to expect from your CPA depends a whole lot on your company objectives. If you’re a very small business as well as you’re not preparing to expand a lot in the future, maybe all you require is somebody to prepare your income tax return. Nonetheless, maybe you have an expanding service. You require someone who can consult with you on employee matters, monitoring concerns, accounting system set up as well as style. These are some things to consider when visualizing the level of dedication you require from your CPA. I normally train my customers to create a want list of things they want from us. Naturally, the more dedication a client needs from us, the bigger the interaction will be, which will enhance costs. Beginning with the optimum and functioning down, however, is constantly the most effective bet. We can train you on which things on your shopping list will be the most impactful to your service as well as which ones might be less important. So checklist out those particular purposes you intend to complete with your Certified Public Accountant. “This is what I want out of that connection.” Do not hesitate to make that a quite lengthy listing. What you intend to do is pretend cash is no object. Checklist everything that you want to get out of this relationship. From that placement, you can start to prioritize that checklist and claim, “these 6 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 exactly how do you know who you need to hire? Should it be an accountant, an accountant, or a Certified Public Accountant? What’s the distinction? The most vital point is just that you recognize that these records are being maintained which you feel confident in the person maintaining them. A bookkeeper keeps your accounting records. They enter all deals, as well as they stabilize your funds. Accountants concentrate on finances, tax obligations, budgets, service operations, pay-roll, and finance. Yet recognize this, there are different sorts of accounting professionals who focus on various locations of company. Simply put, if you damage your leg, do not most likely to the dermatologist. You want to make certain that you discover the right individual for your small company. Smoke Smoke Bookkeeping has bookkeepers and also accountants on personnel. This way. When it involves regular monthly deal handling, our bookkeepers can do it for a lesser cost. When we’re speaking about money management and also tax planning, you have a Certified Public Accountant ready to step in.
What are the 5 types of accountants?
What is step top of becoming lucrative in your service? You’re going to need an accounting professional. Now you don’t need to employ us. You can hire in residence. If you engage in residence, that should you obtain? There are a great deal of options and also various budget plans around that you require to be familiar with. You do not intend to get the incorrect person for the wrong job description. The first person you’re going to employ is your accountant. This is the data entry expert. Depending upon where you live, you’re going to pay a various quantity for he or she. If you reside in Idaho, as an example, you may be on the lower end around 18 to $20,000 a year. But if you’re in New York or The Golden State, you could be upwards of 40,000 and even $45,000 a year for the exact same setting. Know that this person serves a details function. They’re not mosting likely to be strong at producing records for you or operating analytics or accounting procedures. Their task is to obtain information into the system. And also if you’re a new business owner, likely, you have actually been doing this on your own. It’s smart to offload several of the hefty dirty work of bookkeeping, which will certainly enable you to begin assessing the reports. An accountant is an excellent hire for anyone all set to expand their company, however not prepared to invest in the high top rate accounting professionals just yet. The following degree up people is the accounting professional. Now, a great deal of individuals think bookkeepers as well as accountants are the same. They’re not. It’s very, very various. You’re going to pay a higher quantity for someone that’s an accounting professional. Your accountant has actually been placing data right into the system all month long. Your accounting professional typically is helping to manage that procedure. Then, at the end of the month, your accountant will do a few of the more heavy training jobs which need reconciling your trial equilibrium as well as making month-end journal access. They will certainly also do several of the amassing job that’s going to require to occur in your financials. In many cases, an accountant will aid develop economic declarations. They are at that month’s end setting. For an accounting professional, depending again on where you live, you can expect to pay anywhere from maybe $30k up to $60k/year. The next level up is the controller. The controller loads the process of overseeing the entire accountancy system. They reach orchestrate what’s happening as well as when. They make certain the data is entering into the system on time, and that the month and also basic interests are taking place promptly. The controller is in charge of the final product that’s coming out of the audit system. That is the balance sheet, the revenue declaration, and the capital statement. Those sort of papers hinge on the shoulders of your controller. This is a more pricey placement to load, and also it ought to be. This person needs to have a lot of experience, should a minimum of a bachelor’s level in bookkeeping, otherwise getting into their master’s degree. I would certainly anticipate to pay anywhere from $45k to $85k/year for he or she. Currently we’re mosting likely to talk about the King or queen on top of the hill. This is your CFO. CFO means “primary financial officer.” They hold a C collection position in your business. He or she’s costly. You want to take care when you hire a CFO due to the fact that not all CFOs are created equivalent. Everything approximately this factor has actually been task-related, concentrating on simply journal access as well as debiting and also attributing. When you step into a CFO duty, this calls for strategic thinking. Not all accountants have that ability. If they’re not able to see the big picture and develop plans that are organisation growth associated, they aren’t gotten the job. They should equate the job that the remainder of the group is doing into goals for your company. Your CFO needs 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 across the country for somebody of this quality. Last but not least is the Certified Public Accountant. The Certified Public Accountant represents “certified public accountant.” If you’ve started your company, you recognize that you require a tax man, right? That’s the Certified Public Accountant. His job is to do 2 points. One is to prepare your tax strategy. That is to take whatever you’re doing throughout the year as well as prepare it to make sure that you are not investing greater than you need to on taxes. That’s the major objective. Nevertheless, a Certified Public Accountant typically fills up the duty of an auditor where they come in as an independent event. They make certain that your books are accurate as well as clean and reflective of what’s happening in the real life. In regards to price, you’re mosting likely to spend anywhere in between $125 a hr to upwards of $450 an hour for a qualified CPA.

Contact Us

(833) 319-0797