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ProAxis Client Success Stories

Real results for NJ business owners. These anonymized case studies illustrate the types of outcomes ProAxis delivers for clients across Bergen County and New Jersey.

Tax Strategy Restaurants & Hospitality

NJ Restaurant Group Saves $47K Through Entity Restructuring

A Bergen County restaurant group operating two locations was structured as a single LLC, resulting in significant self-employment tax exposure and no retirement plan strategy. ProAxis restructured the entity, implemented an S-Corp election, established a SEP-IRA, and identified missed deductions — resulting in over $47,000 in annual tax savings.

Key Outcomes:

  • S-Corp election reduced SE tax exposure
  • SEP-IRA established for owner retirement
  • Identified $12K in previously missed deductions
  • $47K+ in annual tax savings achieved
Cash Flow E-Commerce

E-Commerce Business Achieves 90-Day Cash Flow Visibility

A Paramus-based e-commerce business was operating without consistent bookkeeping, leading to cash flow surprises and late tax payments. ProAxis implemented QuickBooks Online, established monthly reconciliation procedures, and built a 90-day cash flow forecast model that gave the owner full visibility into their finances.

Key Outcomes:

  • QuickBooks Online fully implemented
  • Monthly close process established
  • 90-day cash flow forecasting in place
  • Eliminated all late payment penalties
IRS Resolution Real Estate

Real Estate Investor Resolves $85K IRS Liability Through Penalty Abatement

A Bergen County real estate investor had accumulated $85,000 in IRS liability stemming from unfiled returns and unpaid taxes from three prior years. ProAxis represented the client before the IRS, filed all outstanding returns, and successfully negotiated a penalty abatement that reduced the total liability significantly, with an installment agreement in place.

Key Outcomes:

  • 3 years of unfiled returns completed
  • Penalty abatement successfully negotiated
  • IRS installment agreement secured
  • Client now fully compliant and current

All case studies are anonymized to protect client confidentiality. Results vary based on individual circumstances.

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