We are an accounting firm specializing in financial statements, IRS representation, and working with the cannabis industry and non-profit organizations.
We provide services for entrepreneurs, small businesses, non-profit organizations, and clients in the growing cannabis industry.
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Accuracy, consistency and clear reporting are the hallmarks of our practice. If your organization needs assistance with financial statements, we can help.
We have extensive experience conducting financial statements compilations, reviews, and audits.
Our firm specializes in successfully representing taxpayers in front of the IRS and local tax authorities.
Audit? Collections? Appeals? It's not over yet. You have rights.
Did you know CPAs can represent you before the IRS?
We offer IRS representation and resolution services for individuals, sole proprietors, partnerships, corporations, estates, gift transactions, trusts, and non-profit organizations.
Every non-profit requires strong internal controls to keep the books in order.
The Cannabis Industry is booming and everyone wants in. But do you understand the rules?
The Cannabis Industry has unique tax laws that must be followed to be in compliance with the IRS and state taxing authorities.
Our firm helps clients navigate through the combined complexities of GAAP cost accounting rules and the application of IRC 280E for federal tax purposes.
Luis Plascencia is licensed as a Public Accountant Continuing Education Sponsor. He is a frequent speaker at CPE events for the Illinois CPA Society, the Illinois Society of Enrolled Agents and other professional organizations.
Luis Plascencia is a Certified Public Accountant licensed in Illinois and a member of the faculty at the Chicago City Colleges. He is licensed as a Public Accountant Continuing Education Sponsor. Mr. Plascencia has recently been awarded the Distinguished Service Award by the Illinois CPA Society.
He has been appointed to the Illinois Board of Examiners (Accountancy), to the AICPA Tax Practice Responsibilities Committee, is a former Chairperson of the Illinois CPA Society Tax Practice and Procedures Committee, and has served on multiple ICPAS Committees including the Cannabis Industry Forum Group.
Mr. Plascencia is a frequent speaker at CPE events for the Illinois Society of Enrolled Agents, the Illinois CPA Society and other professional organizations. He is a frequent guest on the Chicago Legal Clinic Immigration Issues Show.
He has written articles and books on accounting and tax law.
He is an avid distance runner and cyclist. Luis has volunteered his time to Chicago Area Runners Association and is a frequent charity runner for Organization for Autism Research.