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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

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.

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.

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 methods to take on your accounting on your own and also Do It Yourself it. Options like QuickBooks have made this feasible, but I warn you, if you are doing one of these 2 things, you most likely need to allow somebody else look after it.

  1. If you are secretly questioning if you’re even doing this right in all, that’s a warning.
  2. If you’re not doing it in any way because well you do not recognize what to do and it’s frustrating, that’s a big red flag and it’s time to allow a professional take control of.
What are common ways accountants bill their clients?
Some Certified public accountants bill per hour, they bill you some dollars per hr depending on how much time they put in. It’s likewise typical to bill fixed fees for private jobs. Your Certified Public Accountant could do your income tax return for one cost as well as prepare one more price quote for the following job. One more preferred cost structure is the annual set rate contract. Your CPA could say, “I’m going to give this range of services to you, and also I’m mosting likely to offer you limitless call and unlimited meetings, as well as I’m mosting likely to do that all for $X quantity of bucks annually.” That dollar quantity would certainly probably be billed monthly. We normally suggest relationships which are not hourly. Repaired cost invoicing urges communication in between the customer and the CPA. The even more the CPA learns about the client’s company as well as their life and what’s taking place, the much better recommendations they can give. When customers are uneasy with getting the phone, scared they’re going to get a huge expense, they are much 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 need to get out of your Certified Public Accountant depends a lot on your service purposes. If you’re a really small business as well as you’re not intending to expand a lot in the near future, maybe all you need is someone to prepare your income tax return. However, probably you have an expanding company. You need a person that can seek advice from you on worker matters, monitoring problems, accounting system established as well as style. These are some points to consider when visualizing the level of commitment you require from your Certified Public Accountant. I generally train my clients to create a shopping list of points they want from us. Obviously, the more commitment a client needs from us, the larger the interaction will certainly be, which will increase prices. Beginning with the maximum as well as functioning down, however, is constantly the best wager. We can instructor you on which things on your wish list will be one of the most impactful to your service and also which ones could be less important. So list out those specific objectives you intend to achieve with your CPA. “This is what I want out of that connection.” Don’t be afraid to make that a pretty long checklist. What you intend to do is pretend cash is no things. List every little thing that you want to leave this relationship. From that setting, you can begin to focus on that list and also say, “these 6 points are crucial in this partnership that I’m mosting likely to have.”.
Do I need a bookkeeper or an accountant for my business?
So just how do you know who you require to work with? Should it be a bookkeeper, an accounting professional, or a Certified Public Accountant? What’s the difference? One of the most vital thing is just that you know that these documents are being maintained and that you feel confident in the person maintaining them. A bookkeeper preserves your accounting records. They get in all purchases, and they stabilize your funds. Accounting professionals concentrate on finances, taxes, spending plans, company operations, pay-roll, and also finance. But recognize this, there are various sorts of accounting professionals that specialize in various locations of service. In other words, if you damage your leg, don’t go to the skin doctor. You wish to ensure that you find the right person for your small business. Puff Smoke Accountancy has accountants and accountants on team. This way. When it involves monthly purchase handling, our bookkeepers can do it for a minimal charge. When we’re discussing money management and tax obligation planning, you have a CPA prepared to step in.
What are the 5 types of accountants?
What is action top of becoming lucrative in your organisation? You’re mosting likely to require an accountant. Currently you don’t need to hire us. You can work with in house. If you take part in residence, who should you obtain? There are a great deal of alternatives and many different spending plans out there that you require to be knowledgeable about. You don’t intend to obtain the incorrect individual for the wrong work summary. The first individual you’re mosting likely to work with is your bookkeeper. This is the information access specialist. Relying on where you live, you’re mosting likely to pay a various quantity for this person. If you live in Idaho, for example, you could 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 setting. Know that this person serves a specific role. They’re not going to be solid at creating reports for you or operating analytics or accounting processes. Their task is to get data into the system. As well as if you’re a new entrepreneur, likely, you’ve been doing this on your own. It’s clever to unload some of the heavy dirty work of bookkeeping, which will certainly permit you to start examining the records. A bookkeeper is an excellent hire for anybody all set to broaden their business, 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 individuals think accountants and accountants are the same. They’re not. It’s very, extremely various. You’re going to pay a higher amount for someone that’s an accounting professional. Your bookkeeper has actually been putting information into the system all month long. Your accounting professional commonly is aiding to oversee that process. Then, at the end of the month, your accountant will do a few of the more heavy training tasks which call for integrating your test balance and also making month-end journal entrances. They will likewise do a few of the accrual work that’s going to require to take place in your financials. Sometimes, an accounting professional will certainly help develop financial statements. They are at that month’s end placement. For an accountant, depending again on where you live, you can anticipate to pay anywhere from possibly $30k approximately $60k/year. The following level up is the controller. The controller fills up the procedure of managing the entire audit system. They reach orchestrate what’s taking place and when. They ensure the information is getting involved in the system in a timely manner, which the month and also basic passions are taking place on schedule. The controller is accountable for the final product that’s coming out of the accounting system. That is the balance sheet, the income statement, as well as the capital statement. Those sort of records hinge on the shoulders of your controller. This is a much more expensive placement to fill, and it should be. He or she requires to have a great deal of experience, need to at least a bachelor’s level in bookkeeping, if not entering their master’s level. I would anticipate to pay anywhere from $45k to $85k/year for he or she. Now we’re mosting likely to talk about the King or queen on top of the mountain. This is your CFO. CFO means “chief financial officer.” They hold a C suite setting in your company. This person’s pricey. You want to be careful when you work with a CFO since not all CFOs are created equivalent. Everything approximately this point has actually been task-related, concentrating on just journal entries as well as debiting as well as attributing. When you step into a CFO duty, this calls for strategic reasoning. Not all accounting professionals have that capacity. If they’re unable to see the big picture as well as produce strategies that are company advancement related, they aren’t qualified for the task. They must equate the work that the rest of the team is doing into goals for your business. Your CFO needs to make sure that you’re hitting the targets you require to hit with the right amount of money behind each objective. For a CFO, you can anticipate to pay anywhere from $75k to $250k/year. That is normally what I have actually seen nationwide for somebody of this quality. Lastly is the CPA. The CPA stands for “cpa.” If you’ve begun your business, you recognize that you need a tax obligation guy, right? That’s the CPA. His job is to do two things. One is to prepare your tax obligation approach. That is to take every little thing you’re doing throughout the year as well as prepare it to make sure that you are not spending more than you need to on tax obligations. That’s the major goal. Nonetheless, a CPA commonly fills up the duty of an auditor where they are available in as an independent event. They see to it that your books are precise and tidy and also reflective of what’s happening in the real life. In regards to cost, you’re going to spend anywhere between $125 an hour to upwards of $450 an hour for a certified CPA.

Contact Us

(833) 319-0797