Questions? Ask SAM
AI Tax & Accounting Assistant - powered by Monaco CPA
"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 Edison, New Jersey, providing personal tax preparation, small business accounting, international tax compliance, and bookkeeping services to individuals and businesses throughout Middlesex County and beyond.
Monaco CPA is a virtual CPA practice serving Edison, New Jersey, providing personal tax preparation, small business accounting, international tax compliance, and bookkeeping services to individuals and businesses throughout Middlesex County and beyond.
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 an Oak Tree Road shop owner, an H-1B professional along the Route 1 corridor, or a dual-income household navigating NJ and NY tax obligations, Monaco CPA can help.
As a New Jersey CPA experienced with multi-state and international tax situations, Monaco CPA combines NJ tax knowledge 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.
Edison is one of the most internationally connected communities in New Jersey, with over 50% of residents born outside the United States and more than 75 ethnic communities represented. This diversity creates significant demand for international tax expertise, from FBAR and FATCA reporting for accounts held in India and China to Foreign Tax Credit optimization for income taxed abroad. Common oversights include NRE account interest that is tax-free in India but fully taxable in the U.S., and Indian mutual fund investments that may qualify as Passive Foreign Investment Companies (PFICs) with punitive tax treatment.
The Route 1 pharmaceutical and technology corridor employs thousands of H-1B visa holders who face layered complexity: first-year dual-status filings, RSU income allocation across multiple countries, and the absence of a U.S.-India Social Security Totalization Agreement, which means Indian nationals pay full U.S. Social Security and Medicare taxes with no exemption. Monaco CPA helps Edison professionals navigate these challenges, along with NJ/NY commuter tax allocation for those working in Manhattan.
Edison homeowners pay an average of $10,504 per year in property taxes, and the federal SALT cap historically limited deductions to $10,000 (now $40,000 under OBBBA for 2025-2029) before any state income tax is even counted. For S-Corp and LLC owners, the NJ Business Alternative Income Tax (BAIT) election offers a workaround by paying state tax at the entity level as a deductible business expense. Monaco CPA helps Edison businesses evaluate whether the BAIT election, an S-Corp conversion, or a different entity structure makes the most sense.
With over 400 small businesses lining Oak Tree Road alone and more than 10,000 businesses operating township-wide, Edison has a thriving entrepreneurial community. Whether you run a restaurant navigating NJ sales tax rules on prepared food, an IT consulting firm weighing S-Corp savings, or a retail shop dealing with new import tariffs, Monaco CPA provides the tax and accounting support your business needs. Use the estimated tax calculator to get a head start on your quarterly obligations.
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 Edison and Middlesex 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.
Practical tax advice, deadline reminders, and money-saving strategies delivered to your inbox. No spam, unsubscribe anytime.
By subscribing, you agree to the Privacy Policy.
Schedule a free consultation to discuss your tax, accounting, and bookkeeping needs.
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.