"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.
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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: NJ-resident engagements only. A written scope may include an NY, PA, or CT return component when permitted; every other jurisdiction is referred to an independent qualified provider. 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: CPA, Founder - Credentials: CPA (NJ), MBA with concentration in Business Analytics (University of Hartford), BS (Economics & Finance), QuickBooks Gold Certified ProAdvisor - Professional Memberships: AICPA, NJCPA - Licenses: New Jersey CPA license, New Jersey CPA firm registration - 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): Starting at $750/year - Monthly Bookkeeping: Starting at $300/month - Tax Planning & Advisory: Starting at $500/year - Payroll Compliance Support: Starting at $100/month - QuickBooks Setup & Training: Starting at $500 one-time ## Core Services - Individual Tax Preparation: Accurate, stress-free tax returns for W-2 earners, freelancers, and self-employed individuals. - 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 ProAdvisor: QuickBooks Online setup, cleanup, bookkeeping, and written platform guidance from a Gold Certified ProAdvisor. - 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. ## Specialty Tax Services - Freelancer & Self-Employed Tax: Schedule C, SE tax, quarterly estimated payments, home office, 1099 income - IRS / NJ 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. - Cryptocurrency Tax: Available at https://monacocryptotax.com (separate website) ## New Service Pages - NJ LLC Formation Guide: Educational formation information only; Monaco CPA does not form entities, act as registered agent, file DBAs, or provide legal advice. Tax-treatment analysis is available after an entity exists. - 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: FreshBooks Certified Collaborative Accountant (CCA), setup, training, and ongoing support ## Gambling & Sports Betting Tax Services - Gambling Tax: NJ-resident gambling and sports-betting return preparation using client-supplied W-2G and activity records; no loss or savings outcome is promised. - NJ difference: NJ allows full loss netting within the applicable gambling-income category on NJ-1040 rather than the federal 90% cap; the actual return effect depends on the taxpayer's facts and no savings result is promised. - Platforms: DraftKings, FanDuel, BetMGM, Caesars, and all NJ-licensed sportsbooks ## 1099-DA Reconciliation Service - Line-by-line reconciliation of IRS Form 1099-DA against exchange CSVs and on-chain records - Three tiers: $350 (single exchange), $750 (multi-exchange), $1,250 (full reconciliation + federal & state tax prep) ## NJ S-Corp Election Correction - Diagnostic + fix for NJ entities misclassified as C-Corps - Form CBT-2553-R retroactive election, BAIT eligibility ## Prediction Market Tax Services - Tax preparation for Kalshi, Polymarket, Robinhood, PredictIt, and DraftKings event contract traders - Classification is unsettled; candidate treatments include Section 1256, capital gain or loss, wagering, and ordinary income. The position is facts-driven, not a taxpayer election, and may require disclosure. ## Industry Pages - Medical Practices: Physician S-Corp and QBI analysis, plus contribution-limit reporting for client-established retirement accounts - Law Firms: attorney client-funds/IOLTA accounting, partner tax reporting, and NJ BAIT analysis; no estate, trust, or fiduciary tax services - Construction: Job cost accounting, equipment depreciation, worker classification - Restaurants: FICA tip credit, tip reporting, NJ sales tax, cash-business compliance - Hospitality: Form 8027, FICA tip credit, NJ hotel occupancy tax, catering accounting - Startups & Tech: Entity selection, R&D credits, 83(b) elections, QSBS, SaaS accounting - E-Commerce: Sales tax nexus, Amazon FBA accounting, inventory costing, 1099-K compliance - Manufacturing: Cost accounting, R&D credit, Section 179, NJ manufacturing sales tax exemption - Tattoo Shops: IRS cash-intensive audit triggers, booth rental models, NJ ABC test - Content Creators: Platform-by-platform 1099 table, gifted product FMV rules, S-Corp analysis - Esports & Gaming: Tournament winnings, crypto prizes, jock tax, play-to-earn taxation - Barber Shops: Cash-income recordkeeping and notice-response education, tip reporting, booth rental classification - Freelance Developers: Hardware/software deductions, home office, S-Corp election timing - Music Artists: Royalty income classification, tour-income allocation education, studio depreciation; other-state filings are referred - Photographers: Gear depreciation (Section 179), NJ sales tax on prints vs services - Food Trucks: Truck depreciation, COGS, and NJ sales-tax reporting; other-jurisdiction compliance is referred ## 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: Calculate 2026 self-employment tax (SS + Medicare) and NJ GIT estimate - Estimated Tax Calculator: Estimate 2026 federal + NJ tax liability with quarterly payment schedule ## Tax Glossary - 50 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 - NJ-licensed CPA practice - Fully virtual practice - contact-form intake, written scope review, secure portal, and e-filing; no consultation or call is promised - Essex County, NJ local - Livingston-based practice - 5-Star Rated on Google - Featured in New Jersey CPA Magazine, Yahoo Finance, GOBankingRates, BeInCrypto, Better.com, and BlockTelegraph (6 originating publications), with coverage syndicated to Nasdaq ## Related Websites - MonacoCryptoTax.com - Cryptocurrency tax services (same firm, separate brand) ## Important Disclaimers - Use of this website does not create a CPA-client relationship - Monaco CPA is licensed in New Jersey only - 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