Expert Tax Services for New Jersey Businesses & Individuals

Understanding the New Jersey Tax Landscape

New Jersey consistently ranks among the highest-tax states in the nation. With a top marginal Gross Income Tax rate of 10.75% — one of the highest state income tax rates in the country — and property taxes that average over $9,000 per year statewide, the stakes for proper tax planning are enormous for NJ residents and business owners.

The federal $10,000 cap on state and local tax (SALT) deductions, introduced by the Tax Cuts and Jobs Act of 2017, has had an outsized impact on New Jersey taxpayers, many of whom previously deducted far more than $10,000 in state income and property taxes. New Jersey responded by enacting the Business Alternative Income Tax (BAIT) — a mechanism that allows pass-through entity owners to effectively exceed the SALT cap — and understanding how to leverage this election is one of the most valuable things a NJ business owner can do.

Beyond income taxes, New Jersey businesses must also navigate sales tax obligations, payroll taxes, unemployment insurance taxes, and — if they have employees in or customers from other states — an increasingly complex multi-state compliance landscape. The post-Wayfair economic nexus rules have created new sales tax obligations for many NJ-based e-commerce sellers and service businesses that previously had no out-of-state tax presence.

ProAxis specializes in helping NJ businesses and individuals understand this landscape clearly, make smart decisions, and stay compliant — without overpaying. Browse the services below to learn more about how we can help with your specific situation, or schedule a free consultation to speak with our team directly.

All Tax Services

• Tax Preparation — Accurate, deadline-driven tax preparation for individuals, S-corporations, LLCs, partnerships, and multi-state filers. We handle the complexity so you can focus on your business.
• Tax Planning & Strategy — Proactive, year-round tax strategy designed to legally minimize what you owe. From entity structuring to retirement contributions, we plan ahead so you're never caught off guard.
• NJ SALT Consulting — Expert guidance on New Jersey's state and local tax landscape — including the NJ BAIT election, Corporation Business Tax planning, sales tax nexus, and multi-state apportionment.
• IRS Tax Resolution — Facing an IRS notice, audit, lien, or levy? We represent NJ taxpayers before the IRS and state tax authorities, negotiating solutions that protect your finances and restore peace of mind.
• Estate & Gift Tax Planning — Strategic estate and gift tax planning to preserve your wealth across generations. We address federal exemptions, sunset provisions, gifting strategies, and trust structures.
• Multi-State Tax Compliance — Multi-state tax obligations can sneak up on growing businesses. We manage nexus analysis, income apportionment, and sales tax registration so you stay compliant in every state.