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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
- Credential status: verify current status through the State Board
- Credential: Gregory Monaco, CPA - NJ individual license #20CC04711400, NJ CPA firm registration #20CB00789800 (verifiable with the New Jersey State Board of Accountancy)
- Focus areas: NJ tax law, S-Corp elections, NJ BAIT, crypto taxation, DeFi, IRS Form 1099-DA

## 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: 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: The client or payroll provider sets up and runs payroll, transmits filings and forms, and makes payments; Monaco CPA reviews specified provider-produced reports under an accepted written scope.

## Selected Tax Services
- Freelancer & Self-Employed Tax: Schedule C, SE tax, quarterly estimated payments, home office, 1099 income
- IRS / State Correspondence Notice Support: Written-scope support for ordinary CP2000 and correspondence notices. Office, field, examination, collection, appeals, OIC, and VDP representation are referred to an independent tax-controversy specialist.
- Digital-asset record review: https://www.monacocpa.cpa/1099da-review; historical links to a separate crypto property are held from referral pending independent substantive review

## Selected Service Pages
- Sales Tax Compliance: NJ taxability analysis, economic nexus (Wayfair), registration, and ST-50 filing; no examination defense or voluntary-disclosure representation
- 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](https://www.monacocpa.cpa/nj-scorp-election): 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](https://www.monacocpa.cpa/nj-scorp-election)

## Prediction Market Records
- Current published materials, if any, are limited to records and procedural-status education. This summary does not classify tax treatment, prescribe a filing position, or promise prediction-market tax preparation or another service.

## Industry Pages
- Medical Practices: Physician S-Corp and QBI analysis, plus contribution-limit reporting for client-established retirement accounts
- Construction: Records-first overview of project costs, equipment, retainage, payroll reports, and fact-specific worker-classification questions
- Restaurants: FICA tip credit, tip reporting, NJ sales tax, cash-business compliance
- Hospitality: Form 8027, FICA tip credit, NJ hotel occupancy tax, catering accounting
- 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
- Content Creators: Records-first education; payer, form, income classification, and entity-tax treatment depend on current documents and facts
- Freelance Developers: Hardware/software deductions, home office, S-Corp election timing

## 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

## Tax Glossary
- 49 tax, business, crypto, and bookkeeping terms explained in plain English

## Social Media
- LinkedIn: https://www.linkedin.com/company/monaco-cpa/
- X (Twitter): https://x.com/MonacoCryptoTax
- Instagram: https://www.instagram.com/monacocryptotax/
- Reddit: https://www.reddit.com/user/MonacoCPA

## 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, written 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, BeInCrypto, Better.com, and BlockTelegraph. The identified GOBankingRates item was syndicated to Nasdaq. 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