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Tax Advisory
We empower individuals, businesses and entrepreneurs by freeing their capital to invest, grow, and thrive.
One of the biggest tax challenges—and opportunities—lies in managing your tax position and effective tax rate. PFS's Tax Advisory team can assist organizations of all sizes, and individuals from in managing their tax footprint and operations.
We provide advice on a wide range of domestic and international tax matters, enabling you to make informed decisions that align with your tax objectives and support your business operations
Helping clients to save more, so that they can do more with the money !
How can we help?
Tax accounting &
compliance
Income tax saving strategies
Foreign account compliance & structuring
Digital tax advisory
Filing of US federal & state tax returns
US outbound tax advisory
Tax saving strategies
Property tax consulting
Individuals and Enterprises trust
PFS's tax advisory services
Personalized
experience
Strict adherence
to compliance
Dedicated client support
End-to-End
Solutions
Over 800 completed
assignments
Maximizing savings
10+ years of
expertise
Technology driven operations
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What are the benefits of starting an education savings plan early?Starting an education savings plan early allows more time for your investments to grow through compound interest, potentially reducing the financial burden when your child reaches college age.
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What is a 529 Plan and how does it work?A 529 Plan is a tax-advantaged savings plan designed to encourage saving for future education costs. Contributions grow tax-free, and withdrawals are tax-free when used for qualified education expenses like tuition, books, and room and board.
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Can 529 Plan funds be used for expenses other than college tuition?Yes, 529 Plan funds can be used for other qualified education expenses, including K-12 tuition (up to $10,000 per year), room and board, books, supplies, and equipment required for enrollment or attendance.
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Are there contribution limits for 529 Plans?While there are no annual contribution limits set by federal law, contributions are considered gifts for tax purposes and may be subject to gift tax if they exceed $17,000 per beneficiary per year (2023 limit). However, a special rule allows for five years of contributions to be made in a single year without incurring gift tax.
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How can I ensure my education savings plan stays on track?Regularly review and adjust your savings plan based on changes in your financial situation, investment performance, and education cost projections. Setting clear goals and periodically assessing your progress can help ensure you meet your education funding objectives. PFS advisory team will always be there to guide you.
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How are 529 Plan investments managed and what options are available?529 Plan investments are typically managed by state-sponsored programs and offer a variety of investment options, including age-based portfolios, static portfolios, and individual fund options. Age-based portfolios automatically adjust the asset allocation to become more conservative as the beneficiary nears college age.
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Do you assist with both domestic and international tax issues?Yes, we provide advisory services on a wide range of domestic and international tax matters. Whether you are dealing with U.S. federal and state taxes or foreign tax regulations, our team is equipped to help you make informed decision.
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What size businesses does Prince Financial Solutions work with?We work with businesses of all sizes, from small family-owned enterprises to large multinational corporations. Our services are tailored to meet the unique needs of each client, ensuring optimal tax strategies for any scale of operation.
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How does Prince Financial Solutions assist foreign companies entering the US market?We help foreign companies entering the US market by providing expert guidance on US tax laws, entity selection, transfer pricing, and tax treaty benefits. Our services ensure that your business is structured in a tax-efficient manner and compliant with all relevant US tax regulations.
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Is there any advisory or consultation fees ?Our first consultation is free, this is for all types of clients who avail our services for the first time. We have highly competitive pricing for our advisory services for all our existing and returning customers.
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How can Prince Financial Solutions help my business minimize its tax liability?Our expert team analyzes your current tax position, identifies opportunities for tax savings, and implements strategies to minimize your tax liability. We provide personalized advice on deductions, credits, and tax-efficient structuring to align with your business goals.
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