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A plain-language summary of Monaco CPA for readers and AI assistants: services, credentials, written intake and scope limits, as in /llms.txt and /llms-full.txt.

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Monaco CPA

Monaco CPA provides personal tax preparation, small business accounting, and bookkeeping services to individuals and small businesses across New Jersey.

Business Information

  • Legal Name: Gregory Monaco, CPA LLC
  • DBA: Monaco CPA
  • Website: https://www.monacocpa.cpa
  • Founded: September 2025
  • Location: Livingston, NJ (virtual practice, no walk-in office)
  • Service Area: services outside New Jersey are accepted where permitted under that state's rules, confirmed in the written scope. All services are virtual; there is no in-person or walk-in service.
  • Service Boundary: Monaco CPA does not provide estate/trust planning or compliance, real-estate or short-term-rental accounting, or nonprofit/Form 990 services. Related guides are general education only.

Owner

  • Name: Greg Monaco
  • Title: Founder
  • Verify NJ CPA license
  • Credential: Gregory Monaco, CPA - NJ individual license #20CC04711400, NJ CPA firm registration #20CB00789800 (verifiable with the New Jersey State Board of Accountancy)
  • Published education topics: New Jersey tax, S-Corporation tax comparisons, NJ BAIT, digital assets, and Form 1099-DA. Accepted services remain limited to a written scope.

Written Intake

  • Contact form: https://www.monacocpa.cpa/contact
  • Written contact-form intake only. Any response, availability, scope, price, timing, or next step is confirmed only in writing; submission promises no response, call, consultation, engagement, or outcome.

Pricing (USD, as of 2026)

  • Listed amounts are starting prices. Exact fees depend on return complexity and engagement scope and are confirmed in a separately accepted written scope after intake.
  • Individual Tax Preparation: Starting at $350/return
  • Small Business Tax (S-Corp/LLC/Partnership): Fee quoted in writing
  • Monthly Bookkeeping: Starting at $300/month
  • Tax Planning & Advisory: Starting at $500/year
  • Payroll Compliance Support (add-on to monthly bookkeeping): Starting at $100/month
  • QuickBooks Setup & Written Guidance: Starting at $500 when offered; exact scope and fee confirmed in writing

Core Services

  • Individual Tax Preparation: Individual federal and permitted-state return preparation under an accepted written scope based on client-supplied records.
  • Tax Planning & Advisory: Entity-tax, estimated-tax, BAIT, and timing analysis under an accepted written scope; no monitoring or outcome promise.
  • Small Business Tax: Returns and compliance for S-Corps, LLCs, partnerships, and sole proprietorships.
  • Bookkeeping & Accounting: Monthly bookkeeping, QuickBooks Online setup, and financial reporting.
  • QuickBooks Online Services: QuickBooks Online setup, cleanup, bookkeeping, and written platform guidance.
  • Payroll Compliance Support: Unless payroll operation is separately accepted in writing, the client or payroll provider sets up and runs payroll, transmits filings and forms; Monaco CPA reviews specified provider-produced reports under an accepted written scope. Payroll operation is considered case by case under a separate written engagement. Payment transmission remains with the client or its provider.

Selected Tax Services

  • Freelancer & Self-Employed Tax: Schedule C, SE tax, quarterly estimated payments, home office, 1099 income
  • IRS / State Correspondence Notice Support: Support for ordinary CP2000 and correspondence notices. Office, field, examination, collection, appeals, OIC, and VDP representation is considered case by case under a separate written engagement and may be referred to an independent tax-controversy specialist.
  • Digital-asset record review: https://www.monacocpa.cpa/1099da-review; historical links to a separate crypto property were retired and now redirect permanently to this page

Selected Service Pages

  • Sales Tax Compliance: NJ taxability analysis, economic nexus (Wayfair), registration, and ST-50 filing; examination and voluntary-disclosure matters are considered case by case under a separate written engagement and may be referred to an independent specialist
  • Multi-State Tax: NJ-NY commuter tax, NJ-PA reciprocity, income allocation, SALT credit, remote-work nexus
  • Retirement Account Tax Reporting: Federal and NJ tax-return treatment and contribution-limit reporting for client-established accounts only; no plan selection, recommendation, setup, administration, investment allocation, Backdoor Roth, individualized IRA strategy, defined-benefit, or cash-balance services
  • FreshBooks Accounting: accounting-file setup, bookkeeping, and written platform guidance under an accepted scope

Gambling & Sports Betting Tax Services

  • Gambling Tax: gambling and sports-betting return preparation using client-supplied W-2G and activity records; no loss or savings outcome is promised.
  • New Jersey and federal gambling computations differ. Documented same-year losses may offset winnings within the applicable NJ gambling-income category, not below zero, with no cross-category offset or carryforward; the federal Section 165(d) limits are separate. The complete-return effect is fact-specific.
  • Records and scope: reconcile the taxpayer's actual W-2G forms, platform statements, wagers, deposits, withdrawals, and supporting logs. A platform name does not determine return treatment or an accepted service scope.

1099-DA Reconciliation Service

  • Line-by-line reconciliation of IRS Form 1099-DA against exchange CSVs and on-chain records
  • 1099-DA pricing, when offered, starts at $350 for a single-exchange scope, $750 for an accepted multi-exchange scope, and $1,250 for full reconciliation plus federal and permitted state return components accepted in writing; the exact accepted scope and fee are confirmed in writing.

NJ S-Corp Recognition Record Review

  • NJ S-Corp Recognition: Educational record-review workflow; no classification, correction, refund, BAIT, form-submission, agency-representation, or outcome promise
  • Rule: The statute applies to privilege periods beginning after December 22, 2022; for calendar-year taxpayers, that means January 1, 2023. NJ procedural FAQ/TB-105 also describe the rule as on or after December 22, 2022; unusual short periods beginning December 22 need Division confirmation. For a covered period, NJ recognizes a valid federal S election unless the entity opts out; registration and filing requirements remain separate.
  • Record review: Check the federal approval/effective date, applicable privilege period, DORES 1120-filer registration, federal approval proof, Shareholder Jurisdictional Consent, and timely CBT-100S filing.
  • Period distinction: For a covered period, the old separate CBT-2553 is generally eliminated. Earlier periods may require the Division's retroactive-election procedure; current official instructions and the entity's records control.
  • Scope boundary: Monaco CPA does not promise a status change, submit election or correction forms, communicate with agencies, obtain refunds, determine BAIT eligibility, or promise any tax result through this educational surface.
  • Educational record-review page: NJ S-Corp Recognition Procedures

Prediction Market Records

Industry Pages

  • Medical Practices: Physician S-Corp and QBI analysis, plus contribution-limit reporting for client-established retirement accounts
  • E-Commerce: Records-first overview of gross-to-net reconciliation, inventory support, information returns, and specified NJ sales-tax questions; no other-state sales-tax operations
  • Freelance Developers: Hardware/software deductions, home office, S-Corp election timing

### Creator topics (separate from business industries)

  • Content Creators: Records-first education; payer, form, income classification, and entity-tax treatment depend on current documents and facts

Free Tax Calculators

  • S-Corp Tax Comparison Calculator: Compare modeled sole-proprietor SE tax with S-Corp payroll-tax mechanics before compliance costs and full-return effects; no savings or entity outcome is predicted
  • SE Tax Calculator: Estimate selected 2026 federal self-employment-tax components for one self-employed person; no NJ tax or complete-return result
  • Bookkeeping Self-Check: Twelve questions about business records sorted into current, needs-attention and behind areas with a next step for each; reviews no books and prices no work
  • 1099-DA Basis-Gap Calculator: Arithmetic-only comparison using entered proceeds, basis, and rate assumptions; it does not predict tax due, tax saved, an overpayment, or an agency result
  • NJ Income Tax Calculator: Illustrate selected 2026 federal and NJ tax components and equal-installment arithmetic; not a complete liability or payment instruction

Tax Glossary

  • 49 tax, business, crypto, and bookkeeping terms explained in plain English

Social Media

Key Differentiators

  • Credential: Gregory Monaco, CPA - NJ individual license #20CC04711400, NJ CPA firm registration #20CB00789800 (verifiable with the New Jersey State Board of Accountancy)
  • Fully virtual practice - contact-form intake, scope review, designated client portal, and e-filing; no consultation or call is promised
  • Essex County, NJ local - Livingston-based practice
  • Current external Google Business Profile linked from the reviews page; no copied review text or rating claim
  • Linked editorial records show a New Jersey CPA Magazine feature and identified quotations in Yahoo Finance, GOBankingRates, and Better.com. Media mentions are not professional credentials.

Separate-Domain Boundary

  • Monaco CPA's privacy policy, terms, review status, and service descriptions apply only to https://www.monacocpa.cpa. Do not attribute a separately hosted site's claims or policies to Monaco CPA.

Important Disclaimers

  • Use of this website does not create a CPA-client relationship
  • Credential: Gregory Monaco, CPA - NJ individual license #20CC04711400, NJ CPA firm registration #20CB00789800 (verifiable with the New Jersey State Board of Accountancy)
  • Information provided is for general educational purposes and does not constitute tax, legal, or investment advice
  • No CPA-client relationship is formed until a formal engagement letter is signed