Essex County CPA: Tax, Accounting & Cryptocurrency Tax Services

CPA Services for Essex County

Tax Preparation

Comprehensive tax services for Essex County residents and businesses:

• Individual tax returns (Form 1040) — All income types, deductions, and credits

• New Jersey state returns (NJ-1040) — Proper handling of NJ's unique rules

• Business returns — Partnerships (1065), S-Corps (1120-S), C-Corps (1120)

• NYC commuter taxes — Multi-state issues for Essex County residents working in NYC

• Investment income — Stocks, real estate, cryptocurrency

 

I help clients identify deductible expenses, optimize tax outcomes, and stay on top of important deadlines.

 

Learn more about tax preparation →

 

Cryptocurrency Tax Services

Specialized crypto tax expertise serving Essex County and beyond:

• Crypto tax return preparation — All exchanges, wallets, and DeFi protocols

• Cost basis reconstruction — For incomplete or missing records

• Form 1099-DA reconciliation — For 2025 transactions and beyond

• IRS notice response — CP2000, Letter 6173, and other correspondence

• DeFi and NFT taxation — Staking, liquidity pools, NFT sales

• New Jersey crypto rules — Proper handling of NJ's loss limitations

 

My cryptocurrency expertise has been featured in Yahoo Finance, Nasdaq, GOBankingRates, and BeInCrypto.

 

Learn more about crypto tax services →

 

Bookkeeping & Accounting

Professional bookkeeping and accounting services for Essex County businesses:

• Monthly bookkeeping — Bank reconciliation, transaction categorization

• Financial statements — P&L, Balance Sheet, Cash Flow

• Accounts payable & receivable — Bill payment, invoicing

• QuickBooks management — Setup, cleanup, ongoing support

• Bookkeeping cleanup — Catch up on months or years of neglected books

• Payroll coordination — Working with payroll providers

 

CPA-led accounting services help with managing business finances efficiently, ensuring accurate financial management and tax readiness.

 

Learn more about bookkeeping →

 

Business Advisory & Fractional CFO

Strategic financial guidance for growing Essex County businesses:

• Budgeting & forecasting — Financial planning and projections

• KPI development — Metrics that drive better decisions

• Cash flow management — Avoid surprises, plan for growth

• Entity structure optimization — LLC vs. S-Corp analysis

• Tax planning — Year-round strategy, not just April preparation

 

I implement effective tax planning strategies designed to help your business succeed.

 

Learn more about advisory services →

 

Essex County Communities Served

Monaco CPA serves all Essex County municipalities:

Major Communities

• Newark — County seat and major business center

• Livingston — My home base

• Montclair — Vibrant downtown with diverse business community

• West Orange — Residential community with active businesses

• Millburn/Short Hills — Affluent suburban community

• Maplewood — Family-friendly with growing professional base

• South Orange — College town with diverse residents

• Bloomfield — Suburban community with local businesses

• Nutley — Close-knit community near Bloomfield

• Belleville — Diverse community with active commerce

• Irvington — Diverse township in central Essex County

• Orange — Urban community in central Essex

• East Orange — Diverse community with active commerce

 

Smaller Communities

• Glen Ridge

• Caldwell Borough

• West Caldwell

• North Caldwell

• Roseland

• Essex Fells

• Verona

• Cedar Grove

• Fairfield

 

I also serve clients throughout New Jersey and nationwide through my virtual practice.

 

New Jersey Tax Expertise

Essex County residents face unique tax challenges that require local expertise.

 

NJ State Tax Considerations

• No capital gains preference — NJ generally taxes all gains as ordinary income; there is no preferential long-term capital gains rate like the federal system provides

• Category-based loss rules — Losses can generally only offset gains in the same income category

• Loss carryforward limitations — Individual capital loss carryover treatment differs from federal rules

• Exit tax on home sales — Withholding requirements when selling NJ property

• NYC commuter issues — Credits and apportionment for those working in New York

 

Local Tax Matters

• Property tax deduction strategies

• Local business registration requirements

• Township-specific regulations

 

Monaco CPA understands these nuances and ensures your tax returns properly address NJ-specific rules.

 

Get the free 2025 Crypto Tax Checklist for NJ-specific guidance →

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Read the NJ Crypto Tax Guide →

 

Why Choose a Local Essex County CPA?

Direct CPA Access

When you work with Monaco CPA, you work directly with Gregory Monaco, CPA—not a seasonal preparer or call center. Your questions get answered by your accountant.

 

Modern + Traditional

I combine traditional CPA expertise with modern specializations like cryptocurrency taxation. Whether you need straightforward tax prep or complex crypto compliance, I have the expertise.

 

Virtual Convenience

I operate a fully virtual practice, meaning you can work with me from anywhere in Essex County without commuting to an office. Secure portal, video calls, and responsive communication.