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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.

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.

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 absolutely ways to take on your accounting on your own as well as DIY it. Options like QuickBooks have actually made this possible, but I caution you, if you are doing one of these two points, you probably require to allow another person take care of 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 in all because well you don’t recognize what to do and also it’s overwhelming, that’s a big warning as well as it’s time to let a specialist take over.
What are common ways accountants bill their clients?
Some CPAs costs per hour, they charge you some dollars per hour depending upon how much time they put in. It’s additionally typical to charge taken care of fees for private jobs. Your CPA might do your income tax return for one rate and prepare another estimate for the following job. An additional prominent rate structure is the annual set cost contract. Your CPA could claim, “I’m mosting likely to give this range of services to you, and I’m going to give you limitless call as well as unrestricted conferences, and I’m going to do that all for $X amount of dollars annually.” That dollar quantity would certainly more than likely be billed monthly.

We typically suggest connections which are not hourly. Dealt with cost invoicing urges communication between the customer and the Certified Public Accountant. The even more the Certified Public Accountant knows about the customer’s company and also their life as well as what’s taking place, the far better advice they can offer. When clients are uneasy with getting the phone, worried they’re going to get a huge bill, they are much less most likely to choose the phone speak with their Certified Public Accountant 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 company goals. If you’re an extremely local business and you’re not planning to expand much in the future, maybe all you require is someone to prepare your income tax return. Nonetheless, possibly you have a growing company. You require a person that can seek advice from you on staff member issues, administration issues, accounting system established and also style. These are some points to take into consideration when imagining the level of commitment you need from your CPA.

I typically trainer my clients to assemble a shopping list of things they want from us. Of course, the even more dedication a customer requires from us, the bigger the interaction will certainly be, which will certainly enhance prices. Beginning with the maximum as well as functioning down, however, is always the best bet. We can instructor you on which items on your want list will be one of the most impactful to your business as well as which ones could be lesser.

So checklist out those particular purposes you wish to complete with your Certified Public Accountant. “This is what I want out of that partnership.” Do not hesitate to make that a pretty long checklist. What you wish to do is pretend cash is no things. Listing whatever that you wish to get out of this relationship. From that setting, you can begin to prioritize that checklist and also claim, “these 6 things are most important 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 hire? Should it be a bookkeeper, an accountant, or a Certified Public Accountant? What’s the distinction? The most crucial thing is just that you know that these records are being maintained which you feel confident in the individual maintaining them.

A bookkeeper preserves your audit records. They go into all deals, and they stabilize your funds. Accounting professionals focus on finances, tax obligations, budgets, company operations, pay-roll, and finance. Yet recognize this, there are different kinds of accountants who specialize in numerous areas of company. In other words, if you damage your leg, do not most likely to the dermatologist.

You wish to see to it that you find the ideal individual for your local business. Smoke Smoke Accounting has accountants and also accountants on team. By doing this. When it involves monthly deal handling, our accountants can do it for a lower cost. When we’re talking about money management and tax preparation, you have a CPA ready to step in.

What are the 5 types of accountants?
What is action top of ending up being lucrative in your service? You’re mosting likely to require an accountant. Now you don’t need to employ us. You can hire in residence. If you participate in home, that should you get? There are a lot of choices and several budget plans around that you require to be familiar with. You don’t intend to obtain the incorrect person for the incorrect job summary.

The very first individual you’re mosting likely to work with is your accountant. This is the data entry professional. Depending upon where you live, you’re mosting likely to pay a various amount for this person. If you stay in Idaho, as an example, 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 perhaps $45,000 a year for the exact same placement. Know that this person offers a particular role. They’re not going to be solid at developing reports for you or working analytics or accounting procedures. Their work is to obtain data into the system. And if you’re a new business owner, likely, you have actually been doing this yourself. It’s wise to unload a few of the hefty grunt work of accounting, which will enable you to begin analyzing the records. A bookkeeper is a good hire for any person all set to increase their business, but not prepared to invest in the high leading tier accounting professionals right now.

The next level up people is the accountant. Currently, a great deal of individuals think accountants and accountants coincide. They’re not. It’s extremely, really various. You’re going to pay a higher amount for somebody that’s an accountant. Your accountant has actually been putting data right into the system all month long. Your accounting professional usually is aiding to look after that procedure. Then, at the end of the month, your accounting professional will do several of the more hefty lifting jobs which require integrating your trial equilibrium and making month-end journal access. They will likewise do a few of the accrual job that’s going to require to happen in your financials.

Sometimes, an accountant will certainly assist develop monetary statements. They are at that month’s end placement. For an accounting professional, depending again on where you live, you can expect to pay anywhere from perhaps $30k up to $60k/year.

The following level up is the controller. The controller fills the process of overseeing the whole bookkeeping system. They get to coordinate what’s occurring and also when. They see to it the data is entering the system in a timely manner, and that the month and general passions are taking place promptly. The controller is accountable for the end product that’s coming out of the accountancy system. That is the annual report, the revenue statement, and the cash flow declaration. Those kinds of records rest on the shoulders of your controller. This is a much more costly placement to fill up, and also it needs to be. This person requires to have a lot of experience, need to a minimum of a bachelor’s degree in accounting, otherwise entering their master’s degree. 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 in addition to the mountain. This is your CFO. CFO means “primary financial officer.” They hold a C suite placement in your business. This person’s expensive. You want to be careful when you employ a CFO because not all CFOs are developed equivalent. Every little thing as much as this point has actually been task-related, focusing on simply journal entrances and debiting and crediting. When you enter a CFO function, this calls for critical reasoning. Not all accountants have that capability. If they’re not able to see the big picture and create strategies that are business development relevant, they aren’t gotten approved for the work. They should convert the work that the remainder of the team is doing into goals for your firm. Your CFO requires to make certain that you’re striking the targets you need to hit with the right amount of cash behind each goal. For a CFO, you can anticipate to pay anywhere from $75k to $250k/year. That is generally what I have actually seen across the country for somebody of this caliber.

Lastly is the Certified Public Accountant. The CPA means “cpa.” If you’ve begun your firm, you recognize that you need a tax individual, right? That’s the CPA. His task is to do 2 things. One is to prepare your tax obligation technique. That is to take whatever you’re doing throughout the year as well as prepare it so that you are not spending more than you require to on taxes. That’s the primary goal. Nevertheless, a CPA frequently loads the function of an auditor where they can be found in as an independent party. They ensure that your books are precise and also tidy and reflective of what’s occurring 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 Certified Public Accountant.

Contact Us

(844) 382-8160