Select Page

Pennsylvania Cannabis Accounting

Puff Puff Accounting, serving Pennsylvania, 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.

R

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.
R

We're Affordable

When we work with small cannabis businesses, basically we become their affordable in house CFO.
R

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.

%

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.

Pennsylvania 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.
n

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 absolutely ways to take on your accounting yourself and Do It Yourself it. Options like QuickBooks have actually made this possible, yet I alert you, if you are doing among these two things, you possibly need to allow another person look after it.

  1. If you are covertly questioning if you’re also doing this right in any way, that’s a red flag.
  2. If you’re not doing it in all because well you do not recognize what to do and also it’s overwhelming, that’s a substantial warning as well as it’s time to allow a professional take control of.
What are common ways accountants bill their clients?
Some CPAs expense hourly, they charge you some bucks per hour relying on just how much time they place in. It’s likewise usual to bill dealt with charges for individual projects. Your CPA could do your income tax return for one rate and prepare one more quote for the next project. An additional popular rate framework is the yearly set price contract. Your CPA could claim, “I’m going to supply this range of services to you, and I’m mosting likely to provide you unrestricted telephone call and also unrestricted conferences, as well as I’m mosting likely to do that all for $X quantity of dollars annually.” That dollar quantity would certainly more than likely be billed monthly. We typically advise partnerships which are not hourly. Dealt with charge billing encourages interaction between the client as well as the Certified Public Accountant. The more the Certified Public Accountant finds out about the client’s service and their life and what’s taking place, the better recommendations they can provide. When clients are uneasy with getting the phone, worried they’re going to get a big expense, they are 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 need to get out of your Certified Public Accountant depends a whole lot on your organisation objectives. If you’re a very local business and you’re not preparing to grow much in the near future, perhaps all you require is someone to prepare your tax return. Nevertheless, maybe you have an expanding company. You require someone that can seek advice from you on worker issues, monitoring concerns, accounting system set up as well as style. These are some points to take into consideration when imagining the level of dedication you require from your CPA. I normally coach my clients to assemble a want list of things they want from us. Obviously, the even more dedication a customer needs from us, the bigger the involvement will certainly be, which will certainly increase costs. Beginning with the optimum as well as functioning down, though, is always the very best bet. We can trainer you on which items on your want list will be the most impactful to your company and which ones may be lesser. So list out those certain objectives you wish to complete with your CPA. “This is what I desire out of that relationship.” Do not hesitate to make that a quite long listing. What you want to do is pretend money is no item. Checklist everything that you want to leave this partnership. From that position, you can begin to focus on that checklist as well as say, “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 how do you know who you require to employ? Should it be an accountant, an accounting professional, or a CPA? What’s the difference? The most essential thing is simply that you know that these records are being kept which you feel great in the individual maintaining them. A bookkeeper preserves your bookkeeping documents. They go into all transactions, and also they balance your funds. Accounting professionals specialize in financial resources, taxes, spending plans, company operations, payroll, as well as money management. But know this, there are various types of accounting professionals who focus on numerous locations of business. Simply put, if you damage your leg, don’t most likely to the dermatologist. You intend to make sure that you locate the best person for your small company. Puff Puff Audit has accountants and also accounting professionals on personnel. In this manner. When it involves monthly purchase handling, our bookkeepers can do it for a lower charge. When we’re talking about finance as well as tax preparation, you have a CPA prepared to step in.
What are the 5 types of accountants?
What is action number one of coming to be successful in your company? You’re mosting likely to need an accountant. Now you do not need to hire us. You can hire in house. If you engage in home, who should you obtain? There are a great deal of options and many different budget plans out there that you require to be familiar with. You don’t want to get the wrong person for the wrong work description. The first person you’re mosting likely to employ is your accountant. This is the data entrance professional. Relying on where you live, you’re mosting likely to pay a different quantity for this person. If you stay in Idaho, as an example, you may be on the lower end around 18 to $20,000 a year. Yet if you remain in New York or The Golden State, you could be upwards of 40,000 and even $45,000 a year for the same setting. Know that this person offers a particular duty. They’re not mosting likely to be solid at developing records for you or doing business analytics or accounting processes. Their work is to obtain data into the system. As well as if you’re a brand-new entrepreneur, likely, you’ve been doing this on your own. It’s smart to offload a few of the hefty dirty work of accounting, which will enable you to start assessing the reports. A bookkeeper is an excellent hire for anyone all set to increase their service, yet not prepared to buy the high top rate accounting professionals right now. The following level up people is the accounting professional. Currently, a great deal of people assume accountants and also accounting professionals are the same. They’re not. It’s extremely, very different. You’re mosting likely to pay a greater amount for someone that’s an accountant. Your bookkeeper has been putting data right into the system all month long. Your accounting professional commonly is helping to oversee that process. Then, at the end of the month, your accounting professional will do several of the even more hefty lifting tasks which require resolving your trial equilibrium as well as making month-end journal entries. They will also do a few of the amassing job that’s mosting likely to require to take place in your financials. In some cases, an accounting professional will help develop economic 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 level up is the controller. The controller fills the procedure of supervising the entire audit system. They get to manage what’s occurring and also when. They see to it the information is getting involved in the system promptly, which the month and also general interests are taking place in a timely manner. The controller is in charge of the end product that’s coming out of the accounting system. That is the annual report, the revenue declaration, and also the capital statement. Those type of papers rest on the shoulders of your controller. This is an extra expensive placement to load, and also it ought to be. This person needs to have a great deal of experience, should at least a bachelor’s level in audit, if not getting involved in their master’s degree. I would expect to pay anywhere from $45k to $85k/year for he or she. Now we’re mosting likely 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 wish to beware when you hire a CFO due to the fact that not all CFOs are produced equal. Whatever as much as this point has been task-related, concentrating on simply journal access as well as debiting and crediting. When you step into a CFO function, this requires strategic reasoning. Not all accountants have that capability. If they’re not able to see the big picture and produce strategies that are business growth associated, they aren’t gotten the work. They should convert the work that the rest of the group is doing into objectives for your business. Your CFO needs to ensure that you’re hitting the targets you need to hit with the correct amount of money behind each objective. For a CFO, you can anticipate to pay anywhere from $75k to $250k/year. That is commonly what I’ve seen across the country for someone of this caliber. Last but not least is the CPA. The CPA represents “certified public accountant.” If you’ve started your company, you understand that you need a tax obligation guy, right? That’s the Certified Public Accountant. His work is to do 2 points. One is to prepare your tax obligation method. 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 need to on taxes. That’s the primary objective. However, a CPA usually fills up the duty of an auditor where they come in as an independent party. They make sure that your books are accurate and also tidy as well as reflective of what’s happening in the real life. In regards to price, you’re going to spend anywhere between $125 an hour to upwards of $450 a hr for a certified CPA.

Contact Us

(833) 319-0797