Your CPA in Edison, NJ
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.
CPA Services in Edison
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. Every engagement is handled personally by Greg, 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.
As a New Jersey CPA with deep familiarity in multi-state and international tax situations, Monaco CPA combines expertise in 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.
Why Edison Clients Choose Monaco CPA
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 has historically limited deductions to $10,000 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 our estimated tax calculator to get a head start on your quarterly obligations.
Work Directly with Greg
Every engagement handled personally - your CPA knows your name and your situation.
NJ Licensed CPA
Livingston-based virtual CPA licensed in New Jersey, serving clients statewide.
Virtual Convenience
Secure portal, video consultations, and e-filing from anywhere.
Responsive Communication
All inquiries answered within one business day.
Areas We Serve
Monaco CPA serves clients throughout Edison and Middlesex County, NJ, including:
Services Available in Edison
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.
What Clients Say
“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. His tax planning and strategies helped me save money.”
Brandon B.
“Great service and really efficient. The virtual process was straightforward and saved me a ton of time.”
Eric R.
“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.
Frequently Asked Questions
How much does a CPA cost in Edison, NJ?
CPA fees in Edison and Middlesex County vary by service. Individual tax returns typically start at $350, while small business returns (S-Corp, LLC, partnership) start at $750. Monaco CPA publishes transparent pricing on our pricing page with no hidden fees or hourly billing surprises.
Does Monaco CPA help with international tax filing for Edison residents?
Yes. Edison has one of the largest foreign-born populations in New Jersey, with over 50% of residents born outside the United States. Monaco CPA helps Edison clients with FBAR (FinCEN Form 114), FATCA (Form 8938), foreign rental income reporting, Form 3520 for gifts from foreign persons, and Foreign Tax Credit optimization on Form 1116.
Can Edison small business owners on Oak Tree Road benefit from an S-Corp election?
Many Oak Tree Road business owners can save thousands annually by electing S-Corp status. At $100,000 in annual profit with a $60,000 reasonable salary, the S-Corp structure saves approximately $6,120 per year in self-employment taxes. Monaco CPA handles both the federal Form 2553 and the separate NJ S-Corp election filing.
What is the NJ BAIT election and should my Edison business use it?
The Business Alternative Income Tax (BAIT) lets NJ pass-through entities like S-Corps and partnerships pay state income tax at the entity level, creating a federal deduction that bypasses the $10,000 SALT cap. For most qualifying NJ businesses with income over $100,000, the election produces meaningful federal tax savings. The election must be made annually by March 15.
Does Monaco CPA work with H-1B visa holders in Edison?
Yes. Edison's Route 1 tech corridor employs thousands of H-1B visa holders who face complex multi-jurisdiction tax situations. Monaco CPA assists with first-year dual-status returns, RSU and stock compensation allocation across countries, ITIN applications for H-4 dependents, and treaty-based tax positions under the U.S.-India and U.S.-China tax treaties.
I commute from Edison to New York City. Do I need to file in both states?
Yes. NJ residents working in New York must file both a NJ resident return and a NY nonresident return. New Jersey provides a credit for taxes paid to NY, and NJ residents are exempt from NYC's city income tax. Hybrid and remote workers also need to navigate New York's Convenience of the Employer rule, which can tax work-from-home days as NY income.
Ready to Work with a Edison CPA?
Start your tax return through the secure portal or send a message to discuss your needs.
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.