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"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 proactive and dedicated he is."
"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."
"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."
"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."
"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."
Monaco CPA is a virtual CPA practice serving Chatham Borough, Chatham Township, and the surrounding Morris County area, providing personal tax preparation, small business accounting, multi-state tax planning, and bookkeeping services to individuals and businesses throughout the region.
Monaco CPA is a virtual CPA practice serving Chatham Borough, Chatham Township, and the surrounding Morris County area, providing personal tax preparation, small business accounting, multi-state tax planning, and bookkeeping services to individuals and businesses throughout the region.
Founded by Greg Monaco, CPA, the practice is built on a simple idea: you deserve the same level of attention and care that large corporations receive from their accounting firms. Whether you are a Wall Street commuter navigating NJ/NY dual-state filing, a pharma executive managing RSU taxation, or a small business owner evaluating entity structure options, Monaco CPA can help.
Monaco CPA combines thorough knowledge of the NJ tax landscape with the convenience of a fully virtual practice. All consultations are conducted via video call or phone, and documents are exchanged securely through an encrypted client portal. No need to drive down Main Street or find parking at the train station.
Chatham residents face some of the most complex tax situations in New Jersey. With median household incomes exceeding $200,000 and property taxes averaging $16,000 to $18,000 per year, the federal SALT deduction cap is a defining tax issue. Even with the 2025 increase to $40,000, the relief phases out for households with MAGI above $500,000, a threshold many dual-income Chatham families exceed. For pass-through business owners, the NJ BAIT election offers a valuable workaround, and Monaco CPA can help you determine whether it applies to your situation.
An estimated 30 to 50 percent of Chatham working households include at least one NYC commuter, making multi-state NJ/NY taxation the foundational tax challenge for the community. Post-pandemic hybrid work has added a new layer: New York's Convenience of the Employer rule can tax days worked from your Chatham home office as NY income unless your employer specifically requires you to work remotely. Careful tracking of work location days is critical, especially during residency audits conducted by both states.
Chatham's concentration of finance and pharmaceutical professionals means executive compensation planning is a frequent need. RSUs, incentive stock options, and deferred compensation plans each carry distinct tax treatment, and improper handling can trigger significant AMT exposure or Section 409A penalties. If you are considering selling your Chatham home and relocating out of New Jersey, the NJ exit tax requires a prepayment at closing that can reach $30,000 or more on a seven-figure home. Monaco CPA helps you plan for these scenarios well in advance.
Whether you are a W-2 earner on the Midtown Direct line, a professional running a consulting practice as an LLC or S-Corp, or a household managing capital gains from investment portfolios, Monaco CPA provides tax planning tailored to Chatham's high-income landscape. Use the estimated tax calculator to project your quarterly obligations, or explore the crypto tax services if you hold digital assets.
Your CPA knows your name and your situation.
Livingston-based virtual CPA licensed in New Jersey, serving clients statewide.
Secure portal, video consultations, and e-filing from anywhere.
All inquiries answered within one business day.
Monaco CPA provides services throughout Chatham and Morris County, NJ, including:
Accurate, stress-free tax returns for W-2 earners, freelancers, and self-employed individuals.
Year-round strategies to help reduce your tax liability legally.
Returns and compliance for S-Corps, LLCs, partnerships, and sole proprietorships.
Monthly bookkeeping, QuickBooks Online setup, and financial reporting.
QuickBooks Online setup, cleanup, training, and ongoing support from a Gold Certified ProAdvisor.
Payroll processing, tax filings, and compliance for NJ businesses.
"Great service and really efficient. The virtual process was straightforward and saved me a ton of time."
Eric R.
"Greg was very professional in helping me with my taxes. He broke it down and explained all the details. He was very easy to communicate with. I am all set for this year and I will be returning next year for the same service. His tax planning and strategies helped me save money."
Brandon B.
"Greg took the time to listen to my concerns and answer my tax related questions and put my mind at ease. I would definitely recommend to others."
Mike D.
These testimonials reflect individual client experiences and do not guarantee similar outcomes. Results vary based on each client's specific facts and circumstances. No client was compensated for providing a review. Tax savings and outcomes depend on individual tax situations and are not typical of all client experiences.
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IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, I inform you that any U.S. federal tax advice contained herein is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.
Monaco CPA is licensed by the New Jersey State Board of Accountancy (Firm License #20CB00789800). Services are provided remotely to clients nationwide. Monaco CPA does not maintain physical offices outside New Jersey and does not hold CPA firm permits in other states.