"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."
Testimonials reflect individual client experiences and do not guarantee similar outcomes. Tax savings and other results depend on each client's facts and are not typical of all engagements. No client was compensated for providing a review.
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 ($40,400 for 2026), the relief phases down for households with MAGI above $505,000 in 2026, 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 1–2 business days.
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.
"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 always gets back to me the same day, handles everything himself, and offers flexible virtual meetings. Most firms either pass you off to someone else or take too long to respond. Greg is always available and gives you his full attention from start to finish. Greg managed our personal taxes with great attention to detail. He found several missed deductions, which saved us a lot of money. His strong knowledge of NJ tax law, helpful advice, and focus on clients make him stand out. It's nice to work with a CPA who treats you like a person, not just another client."
Tom M.
"I was looking for a crypto tax expert because I've been trading in the crypto space for the last couple years and wanted to get my taxes done right. Going to a traditional CPA would have been okay, but with Greg he really knew what was needed to get my taxes aligned. Thanks Greg!"
Amiel B.
"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. He goes above and beyond to ensure he has a complete understanding before making any recommendations. Greg is also exceptionally patient and takes the time to clearly explain things in a way that's easy to understand, which is something I truly value and haven't always found with other CPAs. Throughout the entire process, I felt confident that he had my best interests as a top priority. I'm looking forward to continuing to work with him long-term and would highly recommend him to anyone looking for a knowledgeable, responsive, and trustworthy CPA."
Laura M.
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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Tax advice disclaimer: This material is for general educational information only and is not legal, tax, or accounting advice for your specific facts. A CPA-client relationship is formed only through a signed engagement letter.
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.