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New Hampshire Cannabis Accounting

Puff Puff Accounting, serving New Hampshire, 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.

New Hampshire 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.

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Frequently Asked

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

There are certainly means to handle your bookkeeping on your own as well as DIY it. Choices like QuickBooks have actually made this possible, but I alert you, if you are doing one of these two points, you possibly need to allow somebody else care for it.

  1. If you are secretly questioning if you’re also doing this right in any way, that’s a red flag.
  2. If you’re refraining it in all because well you don’t recognize what to do and also it’s frustrating, that’s a substantial red flag and also it’s time to let a professional take over.
What are common ways accountants bill their clients?
Some CPAs bill per hour, they charge you some bucks per hour depending upon how much time they put in. It’s likewise typical to charge dealt with costs for private jobs. Your Certified Public Accountant may do your tax return for one rate and also prepare an additional price quote for the next job. Another preferred rate framework is the annual set rate agreement. Your CPA could state, “I’m mosting likely to provide this range of services to you, and I’m mosting likely to provide you unrestricted phone calls as well as endless conferences, and also I’m going to do that all for $X quantity of bucks each year.” That dollar amount would certainly more than likely be billed monthly. We generally advise partnerships which are not per hour. Dealt with charge payment encourages interaction in between the client and also the Certified Public Accountant. The more the CPA knows about the client’s service and also their life as well as what’s taking place, the far better recommendations they can give. When clients are uncomfortable with picking up the phone, scared they’re going to get a big costs, they are less likely to choose the phone talk to their Certified Public Accountant when they have something on their mind.
What should I expect from my CPA?
What you must get out of your CPA depends a lot on your company objectives. If you’re a very small business and also you’re not planning to grow a lot in the future, possibly all you require is a person to prepare your tax return. However, possibly you have an expanding service. You need someone who can seek advice from you on staff member issues, monitoring issues, accounting system established as well as design. These are some things to consider when thinking of the level of commitment you need from your Certified Public Accountant. I usually coach my customers to put together a want list of points they desire from us. Of course, the even more commitment a customer needs from us, the bigger the involvement will be, which will certainly boost costs. Starting from the optimum and working down, however, is always the very best bet. We can trainer you on which things on your want list will be the most impactful to your service as well as which ones might be less important. So list out those particular goals you wish to achieve with your CPA. “This is what I want out of that partnership.” Don’t be afraid to make that a pretty lengthy list. What you intend to do is pretend money is no object. List whatever that you desire to get out of this connection. From that position, you can begin to focus on that listing 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 exactly how do you know who you need to hire? Should it be a bookkeeper, an accounting professional, or a Certified Public Accountant? What’s the distinction? The most essential thing is simply that you understand that these records are being kept and that you feel great in the individual keeping them. An accountant preserves your audit records. They get in all deals, and also they balance your funds. Accountants concentrate on financial resources, taxes, spending plans, company operations, pay-roll, and money management. But understand this, there are different kinds of accounting professionals that focus on numerous areas of business. In other words, if you break your leg, do not go to the skin specialist. You want to make sure that you locate the ideal individual for your small company. Puff Smoke Accountancy has bookkeepers as well as accountants on team. By doing this. When it comes to month-to-month transaction processing, our bookkeepers can do it for a lesser fee. When we’re speaking about money management as well as tax obligation planning, you have a CPA prepared to action in.
What are the 5 types of accountants?
What is step number one of coming to be rewarding in your business? You’re mosting likely to require an accountant. Now you don’t have to employ us. You can employ in home. If you engage in home, who should you obtain? There are a lot of choices and several budget plans around that you require to be aware of. You don’t wish to get the wrong individual for the incorrect work summary. The very first person you’re going to work with is your accountant. This is the information entry professional. Depending on where you live, you’re mosting likely to pay a various quantity for this person. If you live in Idaho, for example, you may be on the reduced end around 18 to $20,000 a year. But if you’re in New York City or The Golden State, you could be upwards of 40,000 or perhaps $45,000 a year for the very same position. Know that he or she serves a specific duty. They’re not mosting likely to be strong at developing records for you or working analytics or accounting procedures. Their job is to get data into the system. And if you’re a brand-new business owner, likely, you have actually been doing this on your own. It’s clever to unload a few of the hefty dirty work of accounting, which will certainly enable you to begin assessing the records. A bookkeeper is an excellent hire for any person all set to broaden their service, yet not prepared to invest in the high leading tier accounting professionals just yet. The following level up individuals is the accounting professional. Now, a great deal of individuals think accountants and accounting professionals coincide. They’re not. It’s really, really different. You’re going to pay a greater quantity for somebody that’s an accounting professional. Your bookkeeper has been placing information right into the system all month long. Your accounting professional generally is aiding to supervise that procedure. After that, at the end of the month, your accountant will do several of the even more hefty lifting tasks which require resolving your test balance and making month-end journal access. They will certainly additionally do a few of the amassing work that’s mosting likely to need to happen in your financials. Sometimes, an accountant will help create financial statements. 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 possibly $30k approximately $60k/year. The following degree up is the controller. The controller fills up the process of overseeing the entire bookkeeping system. They get to orchestrate what’s taking place and also when. They see to it the data is entering the system in a timely manner, and that the month and also general passions are happening in a timely manner. The controller is accountable for the end product that’s appearing of the audit system. That is the annual report, the income statement, and also the cash flow declaration. Those kinds of papers hinge on the shoulders of your controller. This is a much more pricey setting to fill, and it should be. He or she needs to have a great deal of experience, ought to at least a bachelor’s degree in bookkeeping, otherwise entering into their master’s degree. I would anticipate to pay anywhere from $45k to $85k/year for this person. Now we’re going to talk about the King or queen on top of the hill. This is your CFO. CFO represents “primary financial officer.” They hold a C suite placement in your business. He or she’s expensive. You intend to be careful when you hire a CFO due to the fact that not all CFOs are developed equivalent. Whatever up to this factor has actually been task-related, focusing on simply journal access as well as debiting and also attributing. When you step into a CFO role, this requires calculated reasoning. Not all accounting professionals have that ability. If they’re unable to see the big picture and create strategies that are organisation development relevant, they aren’t qualified for the job. They must equate the work that the remainder of the group is doing into objectives for your firm. Your CFO needs to see to it that you’re hitting the targets you need to hit with the correct amount of money behind each goal. For a CFO, you can anticipate to pay anywhere from $75k to $250k/year. That is typically what I’ve seen across the country for someone of this quality. Finally is the Certified Public Accountant. The Certified Public Accountant means “certified public accountant.” If you’ve begun your company, you recognize that you need a tax obligation guy, right? That’s the Certified Public Accountant. His task is to do two points. One is to prepare your tax technique. That is to take everything you’re doing throughout the year as well as prepare it to ensure that you are not spending more than you require to on tax obligations. That’s the primary goal. However, a Certified Public Accountant typically fills up the role of an auditor where they come in as an independent event. They make sure that your publications are precise and clean and also reflective of what’s happening in the real life. In regards to expense, you’re going to invest anywhere between $125 a hr to upwards of $450 an hour for a qualified CPA.

Contact Us

(833) 319-0797