Medical Practices
S-Corp planning, QBI analysis, retirement plan maximization, and practice accounting for NJ physicians and healthcare providers.
- S-Corp & entity planning
- Defined benefit plans
- QBI deduction analysis
"Greg was very easy to work with. I had a complicated scenario that he was able to manage, with complete confidence. I would highly recommend using him."
"I've had a great experience working with Greg Monaco. He is incredibly detail-oriented and thorough, making sure everything is handled correctly and fully compliant. What really stood out to me is how…"
"Monaco CPA is excellent to work with! Greg is detail-oriented, knowledgeable, and prompt. He's been instrumental in helping me get my business off the ground with a strong financial foundation that includes…"
"If you need a CPA or accountant in Livingston or Essex County, I highly recommend Greg at Monaco CPA. My wife and I switched because my old accountant often didn't return my calls. Greg is different. He…"
"I've been working with Greg Monaco, CPA for a few years now, and he's honestly saved me real money with both personal tax help and crypto tax stuff. He answers quickly, breaks things down in a way that's…"
"I've been working with Gregory Monaco CPA LLC for my taxes, and I couldn't be happier with the experience. Extremely professional, thorough, and organized from start to finish. He takes the time to explain…"
Reviews reflect individual experiences and do not guarantee similar outcomes. Tax savings and other results depend on each person's facts and are not typical of all engagements. No reviewer was compensated for providing a review.
Monaco CPA provides accounting and tax services tailored to the specific challenges of your industry, not generic tax preparation that ignores the nuances of your business.
Get StartedEvery industry has specific tax rules, deductions, and compliance requirements. Monaco CPA provides accounting and tax services that reflect the realities of your business, not a generic return.
Professional & care practices
For credentialed professionals and organizations managing entity, compensation, payroll, and reporting complexity.
S-Corp planning, QBI analysis, retirement plan maximization, and practice accounting for NJ physicians and healthcare providers.
Partner compensation planning, IOLTA trust account guidance, NJ BAIT election, and tax preparation for NJ attorneys and law firms.
Form 990 preparation, fund accounting, NJ CRI-series charitable registration, and UBIT analysis for NJ tax-exempt organizations.
Entity structure for private practices, insurance billing optimization, group practice accounting, and QBI/SSTB analysis for licensed therapists.
Local operators
For owners balancing crews, equipment, tips, inventory, sales tax, and seasonal cash flow.
Job cost accounting, equipment depreciation planning, worker classification analysis, and contractor tax returns for NJ builders and trades.
FICA tip credit, payroll compliance, NJ sales tax guidance, and cash-business recordkeeping for NJ food service operators.
FICA tip credit, Form 8027 compliance, NJ hotel occupancy tax, and accounting for hotels, caterers, and event venues.
Cost accounting, R&D credits, Section 179 planning, and NJ manufacturing sales tax exemption for NJ production businesses.
Cash reconciliation, booth rental compliance, NJ sales tax on tattooing, and S-Corp planning for tattoo shops and independent artists.
Cash management, booth rental compliance, tip reporting, and entity structuring for barber shops and independent barbers.
Multi-jurisdiction sales tax, cash and inventory management, vehicle depreciation, and entity structuring for food truck operators.
Job costing, equipment depreciation, subcontractor compliance, and NJ ABC test worker classification for licensed trade contractors.
Seasonal cash flow planning, equipment depreciation, crew classification under NJ ABC test, and quarterly estimated tax strategies.
NJ sales tax on fitness services, trainer classification, membership revenue recognition, and equipment depreciation for gyms and studios.
Booth rental classification under NJ ABC test, tip reporting compliance, NJ sales tax on services, and retail inventory accounting.
Property & rentals
For owners navigating depreciation, passive activity rules, property transactions, and multi-state reporting.
Rental property tax, 1031 exchanges, cost segregation, passive activity rules, and NJ exit tax planning for NJ investors and landlords.
Airbnb and VRBO tax compliance, including passive vs. active rules, cost segregation, bonus depreciation, and multi-state host reporting.
Digital & creative businesses
For independents earning through platforms, contracts, royalties, digital assets, or online sales.
Entity selection, R&D tax credits, founder stock planning, SaaS accounting, and NJ Angel Investor Tax Credit for NJ tech companies.
Sales tax nexus analysis, Amazon FBA accounting, inventory costing, and multi-platform income reconciliation for NJ online sellers.
Multi-platform income reconciliation, brand deal taxation, gifted product reporting, and S-Corp planning for YouTubers, TikTokers, and streamers.
Tournament winnings, streaming income, crypto/NFT payouts, and jock tax compliance for esports players and gaming professionals.
S-Corp election, quarterly estimated taxes, equipment deductions, and multi-client 1099 reconciliation for independent tech professionals.
Multi-source royalty income, touring and jock tax compliance, home studio deductions, and catalog entity structuring for musicians and producers.
Gear deductions, project-based income, NJ sales tax on prints and digital files, and S-Corp planning for photo and video professionals.
1099-K reconciliation, multi-state sales tax nexus, FBA inventory accounting, and settlement report integration for Amazon sellers nationwide.
The value of context
A physician and a restaurant owner both need tax returns, but their deductions, entity structures, compliance requirements, and planning opportunities are completely different.
A physician operating through a professional corporation needs QBI analysis, defined benefit plan optimization, and NJ CBT planning. A restaurant owner needs FICA tip credit calculations, payroll compliance for tipped employees, and NJ sales tax guidance on food and beverages.
Monaco CPA provides accounting and tax services that reflect the specific realities of your industry: the deductions you are entitled to, the credits you may be missing, and the compliance obligations that apply to your business and no one else's.
Work with a NJ CPA
Use the contact form to tell Greg what you need help with. No obligation, no sales pitch.