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Nebraska Cannabis Accounting

Puff Puff Accounting, serving Nebraska, 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.

Nebraska 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

[email protected]

Frequently Asked

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

There are absolutely ways to tackle your audit yourself as well as Do It Yourself it. Alternatives like QuickBooks have actually made this feasible, but I advise you, if you are doing among these 2 points, you most likely need to let another person care for it.

  1. If you are privately asking yourself if you’re also doing this right at all, that’s a warning.
  2. If you’re refraining it in any way because well you don’t understand what to do and also it’s frustrating, that’s a significant warning as well as it’s time to allow a professional take control of.
What are common ways accountants bill their clients?
Some CPAs costs per hour, they charge you some bucks per hr depending upon just how much time they place in. It’s additionally typical to bill fixed costs for specific projects. Your CPA could do your income tax return for one price and also prepare an additional quote for the following job. One more prominent rate structure is the annual set rate agreement. Your Certified Public Accountant may state, “I’m going to supply this variety of services to you, and I’m mosting likely to provide you unlimited telephone call and unlimited conferences, as well as I’m mosting likely to do that all for $X quantity of dollars each year.” That dollar quantity would more than likely be billed monthly. We typically recommend partnerships which are not hourly. Taken care of fee billing motivates interaction in between the client and also the Certified Public Accountant. The more the Certified Public Accountant learns about the client’s business and their life and also what’s taking place, the better suggestions they can provide. When customers are uneasy with picking up the phone, scared they’re going to get a huge expense, they are much less likely to select the phone talk to their CPA when they have something on their mind.
What should I expect from my CPA?
What you ought to expect from your CPA depends a whole lot on your service goals. If you’re an extremely small company as well as you’re not intending to grow much in the future, perhaps all you require is someone to prepare your tax return. Nonetheless, possibly you have a growing business. You need somebody that can speak with you on worker issues, administration problems, accounting system established and style. These are some things to take into consideration when picturing the degree of commitment you need from your Certified Public Accountant. I normally train my customers to assemble a wish list of points they desire from us. Naturally, the even more dedication a customer needs from us, the bigger the engagement will certainly be, which will boost prices. Starting from the maximum and also functioning down, though, is always the very best wager. We can train you on which things on your want list will be one of the most impactful to your business and which ones may be less important. So checklist out those specific goals you intend to achieve with your Certified Public Accountant. “This is what I want out of that partnership.” Do not hesitate to make that a pretty lengthy list. What you want to do is pretend cash is no object. Listing everything that you desire to get out of this relationship. From that setting, you can start to focus on that list and state, “these six points are crucial in this partnership 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 require to work with? Should it be a bookkeeper, an accountant, or a Certified Public Accountant? What’s the difference? The most essential point is simply that you know that these documents are being maintained and that you feel confident in the individual maintaining them. An accountant maintains your audit documents. They go into all transactions, and also they stabilize your funds. Accountants specialize in finances, tax obligations, budget plans, company operations, payroll, and finance. However recognize this, there are various types of accountants who specialize in numerous locations of organisation. Simply put, if you damage your leg, don’t go to the skin specialist. You wish to make certain that you locate the appropriate individual for your small business. Puff Puff Bookkeeping has accountants and accounting professionals on staff. In this manner. When it comes to month-to-month purchase processing, our accountants can do it for a minimal charge. When we’re talking about money management and also tax preparation, you have a CPA ready to action in.
What are the 5 types of accountants?
What is step primary of becoming lucrative in your company? You’re mosting likely to need an accounting professional. Currently you don’t have to employ us. You can hire in house. If you engage in house, who should you obtain? There are a great deal of choices as well as various spending plans around that you need to be familiar with. You do not wish to get the incorrect individual for the wrong task description. The initial person you’re mosting likely to hire is your accountant. This is the information entrance professional. Depending upon where you live, you’re going to pay a different amount for he or she. If you reside in Idaho, as an example, you might be on the reduced end around 18 to $20,000 a year. Yet if you remain in New York City or California, you could be upwards of 40,000 or perhaps $45,000 a year for the same position. Know that this person offers a certain function. They’re not mosting likely to be strong at producing reports for you or doing business analytics or accounting processes. Their work is to obtain information right into the system. As well as if you’re a new entrepreneur, likely, you’ve been doing this yourself. It’s smart to offload several of the hefty grunt work of audit, which will allow you to begin assessing the reports. An accountant is a good hire for anyone all set to broaden their company, yet not prepared to invest in the high leading tier accounting professionals right now. The following level up individuals is the accounting professional. Now, a lot of people believe bookkeepers and accounting professionals are the same. They’re not. It’s extremely, very different. You’re mosting likely to pay a greater amount for somebody that’s an accounting professional. Your bookkeeper has been putting information right into the system all month long. Your accountant usually is assisting to oversee that procedure. Then, at the end of the month, your accountant will certainly do several of the even more heavy lifting tasks which call for resolving your test equilibrium as well as making month-end journal entrances. They will certainly likewise do a few of the amassing job that’s mosting likely to require to take place in your financials. In some cases, an accountant will aid produce monetary statements. They are at that month’s end position. For an accountant, depending once again on where you live, you can expect to pay anywhere from perhaps $30k approximately $60k/year. The next degree up is the controller. The controller fills the procedure of managing the whole audit system. They reach orchestrate what’s taking place as well as when. They make certain the information is getting involved in the system on schedule, which the month and general rate of interests are happening in a timely manner. The controller is responsible for the end product that’s appearing of the accountancy system. That is the annual report, the earnings declaration, and the cash flow statement. Those type of files rest on the shoulders of your controller. This is a more expensive setting to fill, and it should be. He or she needs to have a lot of experience, must at the very least a bachelor’s level in accountancy, otherwise entering into their master’s level. I would expect to pay anywhere from $45k to $85k/year for this person. Currently we’re going to speak about the King or queen in addition to the mountain. This is your CFO. CFO represents “chief financial officer.” They hold a C collection setting in your firm. He or she’s pricey. You want to be careful when you hire a CFO due to the fact that not all CFOs are developed equivalent. Whatever approximately this point has actually been task-related, focusing on simply journal access as well as debiting as well as attributing. When you step into a CFO role, this needs calculated thinking. Not all accountants have that capability. If they’re not able to see the big picture and create plans that are service growth relevant, they aren’t received the task. They need to translate the work that the remainder of the group is doing into goals for your firm. Your CFO needs to ensure that you’re striking the targets you require 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’ve seen nationwide for somebody of this caliber. Last but not least is the CPA. The Certified Public Accountant represents “state-licensed accountant.” If you’ve started your company, you recognize that you require a tax obligation individual, right? That’s the Certified Public Accountant. His work is to do two things. One is to prepare your tax technique. That is to take whatever you’re doing throughout the year and prepare it so that you are not investing more than you need to on taxes. That’s the major goal. However, a Certified Public Accountant often fills up the function of an auditor where they come in as an independent event. They make sure that your books are precise and also tidy as well as reflective of what’s happening in the real life. In regards to cost, you’re mosting likely to invest anywhere between $125 an hour to upwards of $450 an hour for a certified Certified Public Accountant.

Contact Us

(833) 319-0797