Your CPA in Englewood, NJ
Monaco CPA is a virtual CPA practice serving Englewood, New Jersey, providing personal tax preparation, small business accounting, and bookkeeping services to individuals and businesses throughout Bergen County and beyond. Englewood's unique position as one of Bergen County's most diverse communities, home to a $1.19 billion health system and situated just 3 to 4 miles from the George Washington Bridge, creates a resident base with wide-ranging and sophisticated tax needs.
CPA Services in Englewood
Monaco CPA is a virtual CPA practice serving Englewood, New Jersey, providing personal tax preparation, small business accounting, and bookkeeping services to individuals and businesses throughout Bergen County and beyond. Englewood's unique position as one of Bergen County's most diverse communities, home to a $1.19 billion health system and situated just 3 to 4 miles from the George Washington Bridge, creates a resident base with wide-ranging and sophisticated tax needs.
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 a physician at Englewood Health, a NYC commuter crossing the GW Bridge, or a small business owner in the Palisade Avenue business district.
As a New Jersey CPA experienced with Bergen County's punishing property tax environment and multi-state commuter taxation, Monaco CPA brings focused expertise to 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 navigate Englewood's downtown parking.
Why Englewood Clients Choose Monaco CPA
Englewood residents face some of the highest property taxes in the nation, with average bills reaching $14,476 and top-quartile homeowners paying over $27,500 annually. Bergen County's effective property tax rate of 2.73% is nearly triple the national median. Combined with NJ state income tax rates reaching 10.75%, the typical Englewood homeowner generates $18,000 to $20,000 in combined SALT. The 2025 increase of the SALT cap to $40,000 provides meaningful but temporary relief through 2029, and the benefit phases out for modified adjusted gross income above $500,000. Planning for the 2030 reversion to $10,000 should begin now.
Englewood's proximity to the George Washington Bridge makes it a natural NYC commuter community, with NJ Transit Route 166 reaching the Port Authority Bus Terminal in under an hour. Because NJ and NY have no reciprocal tax agreement, commuters must file in both states and carefully manage credits between jurisdictions. NJ residents are exempt from NYC income tax, a major advantage, but New York's convenience of the employer rule can still tax remote work days for hybrid workers. Monaco CPA serves medical practices, law firms, and real estate professionals across Bergen County who need multi-state filing expertise.
Englewood Health is the city's economic engine, employing over 4,500 people with 1,300 physicians on staff. The pending $500 million merger with RWJBarnabas Health will reshape employment structures and benefits across the system. Healthcare professionals at the hospital often juggle W-2 employment with 1099 consulting or locum tenens income, multi-state licensing, and complex retirement plan contributions. Monaco CPA understands these overlapping tax obligations and helps medical professionals optimize their overall tax position.
With 15.2% of Englewood workers being self-employed and 1,198 business establishments operating in the city, there is strong demand for small business accounting and bookkeeping. The downtown Special Improvement District along Palisade Avenue supports a cosmopolitan mix of restaurants, retail, and professional services. Over 36% of Englewood residents are foreign-born, creating additional needs for FBAR and FATCA compliance, foreign tax credits, and treaty benefit analysis.
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 Englewood and Bergen County, NJ, including:
Services Available in Englewood
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 Englewood, NJ?
CPA fees in Englewood and Bergen 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.
I commute from Englewood to New York City. Do I need to file in both states?
Yes. NJ residents working in NYC must file a nonresident NY return (IT-203) and a resident NJ return (NJ-1040). NJ provides a credit for taxes paid to NY via Schedule NJ-COJ. Importantly, NJ residents are not subject to New York City income tax (3.078% to 3.876%), which represents a major financial advantage over living in the five boroughs. A CPA experienced with NJ-NY commuter tax can optimize your filing across both states.
How do Englewood's property taxes affect my federal return?
Englewood's average residential property tax bill is $14,476, well above the statewide average. Under the current $40,000 SALT cap (2025 through 2029), most Englewood homeowners can now deduct their full property tax and state income tax. However, the benefit phases out for modified adjusted gross income above $500,000 and reverts to $10,000 in 2030, making proactive planning essential.
Does Monaco CPA work with healthcare professionals at Englewood Health?
Yes. Monaco CPA serves healthcare professionals including physicians, nurses, and administrators who often have complex tax situations involving mixed W-2 and 1099 income from locum tenens work, multi-state licensing, practice ownership or partnership considerations, and retirement plan optimization. With Englewood Health employing over 4,500 people and 1,300 physicians, we understand the tax needs specific to this community.
What is the NJ BAIT election and should my Englewood 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 SALT cap. With 15.2% of Englewood workers being self-employed, this election is particularly relevant. 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.
Can Monaco CPA help with international tax reporting for foreign-born residents?
Yes. With over 36% of Englewood residents being foreign-born, Monaco CPA regularly handles international tax obligations including FBAR (FinCEN Form 114) filings for foreign bank accounts, FATCA (Form 8938) reporting for foreign financial assets, foreign tax credit calculations, treaty benefit analysis, and Form 3520 for gifts or inheritances from foreign persons.
Ready to Work with a Englewood 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.