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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

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.

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.

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 ways to tackle your audit on your own and also Do It Yourself it. Choices like QuickBooks have made this possible, however I advise you, if you are doing among these two things, you probably need to let someone else look after it.

  1. If you are secretly questioning if you’re even doing this right in all, that’s a warning.
  2. If you’re refraining from doing it in all because well you don’t recognize what to do and also it’s frustrating, that’s a massive red flag and also it’s time to allow an expert take over.
What are common ways accountants bill their clients?
Some Certified public accountants expense per hour, they bill you some bucks per hour relying on just how much time they put in. It’s also usual to bill taken care of fees for individual tasks. Your CPA might do your tax return for one rate and prepare one more price quote for the following job. Another preferred rate structure is the yearly set rate agreement. Your CPA might claim, “I’m mosting likely to give this range of solutions to you, and also I’m going to offer you unlimited telephone call and also endless conferences, and also I’m mosting likely to do that all for $X amount of dollars each year.” That dollar amount would most likely be billed monthly. We typically recommend connections which are not hourly. Repaired cost billing urges interaction between the customer and the CPA. The more the CPA learns about the customer’s business as well as their life and what’s going on, the much better guidance they can provide. When clients are awkward with picking up the phone, worried they’re going to get a large costs, 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 should get out of your Certified Public Accountant depends a lot on your service purposes. If you’re a really small business and you’re not preparing to expand much in the near future, possibly all you require is a person to prepare your income tax return. Nonetheless, perhaps you have a growing business. You need someone that can consult with you on employee issues, monitoring concerns, accounting system set up and style. These are some things to think about when imagining the level of dedication you require from your CPA. I generally coach my clients to assemble a wish list of points they desire from us. Certainly, the more dedication a customer needs from us, the larger the engagement will be, which will certainly enhance expenses. Beginning with the maximum as well as functioning down, though, is always the best wager. We can train you on which items on your want list will be one of the most impactful to your business and also which ones could be less important. So list out those specific objectives you intend to accomplish with your CPA. “This is what I desire out of that relationship.” Don’t be afraid to make that a rather lengthy checklist. What you intend to do is pretend cash is no object. Checklist everything that you want to get out of this connection. From that position, you can start to focus on that listing and claim, “these six things are crucial in this connection that I’m mosting likely to have.”.
Do I need a bookkeeper or an accountant for my business?
So 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 distinction? One of the most vital point is simply that you know that these records are being maintained and that you feel confident in the person maintaining them. An accountant keeps your accountancy records. They enter all deals, and they balance your funds. Accountants specialize in financial resources, taxes, budgets, organisation operations, pay-roll, as well as money management. However understand this, there are different sorts of accounting professionals who concentrate on various areas of service. In other words, if you break your leg, don’t most likely to the dermatologist. You wish to make certain that you locate the appropriate individual for your local business. Smoke Smoke Audit has bookkeepers and accounting professionals on staff. In this manner. When it pertains to regular monthly purchase handling, our bookkeepers can do it for a lower charge. When we’re talking about finance and also tax preparation, you have a Certified Public Accountant prepared to step in.
What are the 5 types of accountants?
What is step leading of ending up being successful in your organisation? You’re mosting likely to require an accounting professional. Currently you don’t have to hire us. You can hire in home. If you participate in house, that should you get? There are a great deal of options as well as several budgets around that you require to be aware of. You don’t want to obtain the incorrect person for the incorrect task description. The initial individual you’re going to work with is your accountant. This is the data entry specialist. Relying on where you live, you’re going to pay a various amount for he or she. If you live in Idaho, as an example, you could be on the lower end around 18 to $20,000 a year. Yet if you’re in New York or California, you could be upwards of 40,000 and even $45,000 a year for the same setting. Know that this person serves a specific role. They’re not mosting likely to be solid at creating reports for you or doing business analytics or accounting procedures. Their task is to get information right into the system. And also if you’re a new business owner, likely, you’ve been doing this on your own. It’s wise to offload some of the hefty grunt work of audit, which will certainly permit you to begin analyzing the records. A bookkeeper is an excellent hire for anybody prepared to broaden their organisation, but not prepared to purchase the high leading rate accounting professionals just yet. The following level up guys is the accounting professional. Currently, a lot of individuals think bookkeepers as well as accountants are the same. They’re not. It’s extremely, very various. You’re going to pay a higher quantity for someone that’s an accountant. Your bookkeeper has been placing information into the system all month long. Your accountant generally is assisting to supervise that procedure. After that, at the end of the month, your accountant will certainly do several of the even more heavy training tasks which require reconciling your trial equilibrium as well as making month-end journal entrances. They will certainly additionally do some of the amassing work that’s going to need to occur in your financials. Sometimes, an accounting professional will certainly assist develop monetary declarations. They go to that month’s end position. For an accountant, depending once more on where you live, you can expect to pay anywhere from perhaps $30k as much as $60k/year. The following level up is the controller. The controller loads the procedure of managing the whole bookkeeping system. They reach orchestrate what’s happening and also when. They ensure the information is getting involved in the system on schedule, which the month as well as basic interests are taking place promptly. The controller is accountable for the end product that’s coming out of the accountancy system. That is the balance sheet, the earnings statement, and also the capital statement. Those kinds of files rest on the shoulders of your controller. This is a more expensive placement to load, and also it should be. He or she needs to have a great deal of experience, should at least a bachelor’s degree in accounting, if not getting into their master’s degree. I would certainly anticipate to pay anywhere from $45k to $85k/year for he or she. Currently we’re mosting likely to discuss the King or queen in addition to the hill. This is your CFO. CFO means “primary financial officer.” They hold a C suite placement in your company. He or she’s expensive. You want to beware when you hire a CFO since not all CFOs are created equivalent. Everything up to this point has been task-related, concentrating on just journal entrances and also debiting as well as crediting. When you enter a CFO duty, this requires critical reasoning. Not all accounting professionals have that ability. If they’re not able to see the big picture and create plans that are service advancement relevant, they aren’t received the work. They must equate the work that the remainder of the group is doing into goals for your firm. Your CFO needs to see to it that you’re striking the targets you need to hit with the right amount of money behind each goal. For a CFO, you can anticipate to pay anywhere from $75k to $250k/year. That is normally what I’ve seen across the country for someone of this caliber. Finally is the Certified Public Accountant. The Certified Public Accountant stands for “cpa.” If you’ve started your business, you recognize that you require a tax man, right? That’s the CPA. His job is to do 2 points. One is to prepare your tax obligation approach. That is to take every little thing you’re doing throughout the year and also prepare it so that you are not spending more than you need to on tax obligations. That’s the major objective. However, a Certified Public Accountant typically loads the function of an auditor where they come in as an independent event. They make sure that your books are exact and tidy and reflective of what’s occurring in the real world. In regards to cost, you’re mosting likely to invest anywhere in between $125 an hour to upwards of $450 an hour for a qualified CPA.

Contact Us

(833) 319-0797