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Montana Cannabis Accounting

Puff Puff Accounting, serving Montana, 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.

Montana 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 definitely means to take on your accountancy on your own and Do It Yourself it. Choices like QuickBooks have actually made this feasible, however I warn you, if you are doing one of these 2 things, you possibly need to let somebody else take care of it.

  1. If you are privately wondering if you’re even doing this right in any way, that’s a warning.
  2. If you’re not doing it in any way because well you don’t understand what to do and it’s frustrating, that’s a massive warning and it’s time to allow a specialist take over.
What are common ways accountants bill their clients?
Some Certified public accountants costs per hour, they charge you some dollars per hour depending upon just how much time they place in. It’s likewise usual to charge dealt with fees for individual jobs. Your Certified Public Accountant may do your tax return for one cost as well as prepare one more estimate for the next project. One more prominent rate structure is the annual set price contract. Your Certified Public Accountant may say, “I’m mosting likely to supply this series of solutions to you, as well as I’m going to give you limitless phone calls and unrestricted meetings, and also I’m mosting likely to do that all for $X amount of bucks per year.” That dollar quantity would more than likely be billed monthly. We typically advise partnerships which are not hourly. Dealt with charge billing encourages interaction between the customer and also the CPA. The even more the CPA knows about the customer’s service and also their life as well as what’s going on, the better advice they can provide. When clients are uneasy with picking up the phone, worried they’re going to get a big bill, they are less most likely to pick the phone talk to their Certified Public Accountant when they have something on their mind.
What should I expect from my CPA?
What you ought to get out of your Certified Public Accountant depends a great deal on your service purposes. If you’re a very small company as well as you’re not planning to grow a lot in the future, perhaps all you require is somebody to prepare your tax return. Nonetheless, maybe you have an expanding service. You require someone who can talk to you on employee issues, monitoring problems, accounting system set up and style. These are some points to consider when picturing the degree of dedication you require from your Certified Public Accountant. I normally coach my clients to put together a wish list of points they desire from us. Certainly, the even more commitment a client needs from us, the larger the interaction will be, which will certainly boost costs. Beginning with the optimum and also working down, however, is constantly the best bet. We can coach you on which items on your shopping list will be the most impactful to your company as well as which ones may be less important. So listing out those particular goals you wish to achieve with your CPA. “This is what I desire out of that partnership.” Don’t be afraid to make that a rather lengthy list. What you want to do is pretend cash is no things. Checklist every little thing that you desire to get out of this relationship. From that setting, you can start to prioritize that list and also state, “these 6 things are most important in this relationship 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 need to hire? Should it be a bookkeeper, an accountant, or a CPA? What’s the difference? One of the most important point is simply that you recognize that these records are being maintained and that you feel confident in the individual maintaining them. An accountant maintains your audit documents. They go into all transactions, as well as they balance your funds. Accountants concentrate on funds, taxes, budget plans, business operations, pay-roll, and finance. But understand this, there are various sorts of accounting professionals who specialize in different locations of business. To put it simply, if you damage your leg, don’t most likely to the dermatologist. You intend to ensure that you discover the appropriate person for your small business. Puff Puff Accounting has accountants as well as accountants on staff. This way. When it pertains to monthly transaction processing, our bookkeepers can do it for a lesser charge. When we’re speaking about finance as well as tax obligation preparation, you have a Certified Public Accountant prepared to action in.
What are the 5 types of accountants?
What is action number one of ending up being profitable in your service? You’re mosting likely to require an accounting professional. Currently you do not have to hire us. You can work with in house. If you participate in home, who should you get? There are a great deal of options and also several budgets available that you need to be aware of. You do not wish to obtain the wrong individual for the incorrect work description. The first person you’re going to work with is your accountant. This is the information access expert. Depending upon where you live, you’re mosting likely to pay a various amount for he or she. If you live in Idaho, for instance, you could be on the lower end around 18 to $20,000 a year. However if you’re in New York or California, you could be upwards of 40,000 and even $45,000 a year for the exact same setting. Know that this person offers a certain duty. They’re not going to be solid at creating records for you or doing business analytics or accounting procedures. Their task is to obtain information into the system. As well as if you’re a new business owner, likely, you have actually been doing this on your own. It’s smart to unload a few of the heavy dirty work of bookkeeping, which will enable you to start assessing the reports. A bookkeeper is an excellent hire for any person all set to broaden their business, yet not prepared to invest in the high leading rate accountants just yet. The following level up individuals is the accountant. Currently, a lot of people think bookkeepers and also accounting professionals coincide. They’re not. It’s really, very various. You’re mosting likely to pay a greater amount for somebody that’s an accountant. Your bookkeeper has actually been putting data right into the system all month long. Your accounting professional generally is helping to manage that process. After that, at the end of the month, your accounting professional will certainly do several of the more hefty training jobs which need integrating your trial equilibrium and also making month-end journal access. They will also do a few of the accrual job that’s going to need to take place in your financials. Sometimes, an accounting professional will help create monetary declarations. They are at that month’s end position. For an accounting professional, depending once more on where you live, you can expect to pay anywhere from maybe $30k up to $60k/year. The next degree up is the controller. The controller fills the process of looking after the whole audit system. They get to orchestrate what’s taking place and when. They see to it the information is getting into the system on schedule, and that the month and basic rate of interests are happening promptly. The controller is responsible for the end product that’s appearing of the accounting system. That is the annual report, the revenue statement, and also the capital declaration. Those type of documents rest on the shoulders of your controller. This is a much more costly setting to fill, and also it should be. This person requires to have a lot of experience, need to a minimum of 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. Currently we’re going to speak about the King or queen on top of the hill. This is your CFO. CFO stands for “primary financial officer.” They hold a C suite setting in your company. He or she’s pricey. You intend to take care when you employ a CFO since not all CFOs are developed equal. Everything up to this point has been task-related, focusing on just journal access as well as debiting and attributing. When you enter a CFO duty, this calls for calculated thinking. Not all accounting professionals have that capacity. If they’re not able to see the big picture and also develop strategies that are business advancement associated, they aren’t received the work. They must translate the job that the rest of the group is doing into objectives for your firm. Your CFO needs to make sure that you’re hitting the targets you need to hit with the right amount of money behind each objective. For a CFO, you can expect to pay anywhere from $75k to $250k/year. That is normally what I’ve seen across the country for someone of this caliber. Last but not least is the CPA. The CPA stands for “cpa.” If you’ve begun your company, you know that you need a tax man, right? That’s the Certified Public Accountant. His work is to do two things. One is to prepare your tax obligation method. That is to take everything you’re doing throughout the year and prepare it to make sure that you are not spending more than you require to on taxes. That’s the primary goal. Nonetheless, a Certified Public Accountant often fills up the function of an auditor where they come in as an independent event. They ensure that your publications are accurate as well as clean and also reflective of what’s occurring in the real world. In terms of price, you’re going to spend anywhere in between $125 an hour to upwards of $450 a hr for a qualified CPA.

Contact Us

(833) 319-0797