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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.