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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

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.

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

Frequently Asked

When is it time to hire a CPA for my cannabis business?

There are definitely methods to handle your accountancy on your own as well as Do It Yourself it. Alternatives like QuickBooks have actually made this possible, however I advise you, if you are doing among these 2 things, you most likely need to allow someone else take care of it.

  1. If you are secretly wondering if you’re even doing this right at all, that’s a red flag.
  2. If you’re refraining from doing it in all because well you don’t know what to do and also it’s overwhelming, that’s a substantial red flag and it’s time to allow a professional take over.
What are common ways accountants bill their clients?
Some CPAs costs per hour, they charge you some bucks per hr relying on just how much time they place in. It’s likewise usual to charge taken care of fees for specific jobs. Your Certified Public Accountant might do your tax return for one cost and prepare another estimate for the next job. Another prominent cost framework is the annual fixed cost arrangement. Your Certified Public Accountant might say, “I’m mosting likely to offer this variety of services to you, and also I’m mosting likely to provide you unrestricted call and unlimited conferences, as well as I’m mosting likely to do that all for $X amount of bucks each year.” That dollar amount would certainly probably be billed monthly. We commonly recommend connections which are not per hour. Repaired cost billing encourages interaction between the client and also the Certified Public Accountant. The more the CPA understands about the client’s organisation and also their life and also what’s taking place, the much better guidance they can give. When customers are unpleasant with getting the phone, terrified they’re going to get a huge expense, they are much less most likely to pick the phone talk with their CPA when they have something on their mind.
What should I expect from my CPA?
What you need to expect from your Certified Public Accountant depends a lot on your business purposes. If you’re a really local business and you’re not planning to expand much in the near future, perhaps all you need is somebody to prepare your income tax return. Nonetheless, probably you have an expanding company. You need someone that can seek advice from you on worker matters, monitoring issues, accounting system established as well as style. These are some points to consider when thinking of the degree of commitment you require from your CPA. I typically train my customers to assemble a want list of things they desire from us. Certainly, the more dedication a customer requires from us, the larger the involvement will certainly be, which will certainly raise costs. Beginning with the maximum and working down, though, is constantly the most effective bet. We can coach you on which products on your wish list will certainly be the most impactful to your organisation as well as which ones might be less important. So checklist out those particular purposes you want to complete with your CPA. “This is what I desire out of that partnership.” Don’t be afraid to make that a pretty long list. What you want to do is pretend cash is no item. List everything that you wish to get out of this connection. From that placement, you can start to prioritize that checklist as well as claim, “these 6 things 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 employ? Should it be an accountant, an accountant, or a CPA? What’s the distinction? The most crucial point is just that you recognize that these records are being maintained which you feel confident in the individual keeping them. A bookkeeper keeps your accounting documents. They enter all deals, as well as they balance your funds. Accounting professionals concentrate on funds, tax obligations, budgets, service procedures, pay-roll, and also money management. However understand this, there are different kinds of accounting professionals that concentrate on various areas of business. To put it simply, if you break your leg, do not most likely to the skin specialist. You intend to see to it that you find the appropriate individual for your small company. Smoke Puff Accounting has accountants and accountants on team. This way. When it involves monthly purchase handling, our bookkeepers can do it for a lower charge. When we’re talking about money management and also tax planning, you have a CPA ready to action in.
What are the 5 types of accountants?
What is action leading of ending up being successful in your service? You’re going to require an accounting professional. Now you do not need to hire us. You can employ in residence. If you take part in residence, that should you obtain? There are a great deal of options and also several budgets available that you require to be knowledgeable about. You do not wish to obtain the wrong person for the wrong task description. The first individual you’re going to work with is your accountant. This is the information entrance professional. Depending on where you live, you’re mosting likely to pay a various amount for he or she. If you reside in Idaho, for example, you could be on the reduced end around 18 to $20,000 a year. But 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 this person offers a details role. They’re not mosting likely to be strong at developing records for you or operating analytics or accounting processes. Their job is to get data into the system. And if you’re a brand-new business owner, likely, you’ve been doing this yourself. It’s wise to offload some of the heavy dirty work of accountancy, which will certainly permit you to start examining the records. An accountant is a good hire for any person prepared to broaden their organisation, yet not prepared to invest in the high top rate accountants right now. The following level up individuals is the accounting professional. Now, a lot of people believe bookkeepers and also accounting professionals are the same. They’re not. It’s really, really various. You’re mosting likely to pay a higher quantity for someone that’s an accountant. Your accountant has actually been putting information into the system all month long. Your accountant typically is aiding to manage that process. After that, at the end of the month, your accounting professional will do some of the more hefty training jobs which call for integrating your test equilibrium and also making month-end journal entries. They will certainly also do several of the amassing job that’s going to require to happen in your financials. Sometimes, an accountant will certainly help create economic declarations. They are at that month’s end setting. For an accounting professional, depending once again on where you live, you can expect to pay anywhere from perhaps $30k approximately $60k/year. The next level up is the controller. The controller loads the process of supervising the entire accountancy system. They reach coordinate what’s happening as well as when. They make sure the information is entering into the system promptly, and that the month as well as general passions are taking place in a timely manner. The controller is in charge of the end product that’s appearing of the audit system. That is the balance sheet, the income declaration, as well as the cash flow declaration. Those sort of records hinge on the shoulders of your controller. This is an extra expensive setting to fill up, and it ought to be. He or she requires to have a great deal of experience, need to at the very least a bachelor’s degree in audit, if not getting involved in their master’s degree. 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 in addition to the hill. This is your CFO. CFO means “primary financial officer.” They hold a C collection placement in your business. This person’s expensive. You intend to beware when you work with a CFO due to the fact that not all CFOs are produced equivalent. Whatever as much as this point has been task-related, concentrating on simply journal access and debiting as well as attributing. When you enter a CFO duty, this calls for critical thinking. Not all accounting professionals have that capability. If they’re not able to see the big picture and create strategies that are business advancement relevant, they aren’t qualified for the work. They must convert the job that the rest of the group is doing into objectives for your firm. Your CFO requires to make sure that you’re hitting 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 generally what I’ve seen nationwide for somebody of this quality. Lastly is the Certified Public Accountant. The CPA represents “cpa.” If you’ve begun your business, you understand that you require a tax obligation individual, right? That’s the Certified Public Accountant. 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 to make sure that you are not investing greater than you require to on taxes. That’s the major goal. However, a Certified Public Accountant usually fills the duty of an auditor where they come in as an independent event. They see to it that your publications are accurate and clean as well as reflective of what’s occurring in the real life. In terms of expense, you’re mosting likely to spend anywhere between $125 an hour to upwards of $450 an hour for a certified Certified Public Accountant.

Contact Us

(833) 319-0797