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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 Florham Park, New Jersey, providing personal tax preparation, small business accounting, and bookkeeping services to individuals and businesses throughout Morris County and beyond. Just 5 miles from the Livingston base, Florham Park's concentration of Fortune 500 headquarters, corporate professionals, and high-income households creates a community with complex, high-value tax needs.
Monaco CPA is a virtual CPA practice serving Florham Park, New Jersey, providing personal tax preparation, small business accounting, and bookkeeping services to individuals and businesses throughout Morris County and beyond. Just 5 miles from the Livingston base, Florham Park's concentration of Fortune 500 headquarters, corporate professionals, and high-income households creates a community with complex, high-value 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. Whether you are a BASF executive managing RSU vesting schedules, a Conduent employee navigating relocation tax implications, or a small business owner along the Park Avenue corridor, Monaco CPA can help.
As a neighboring Livingston CPA deeply familiar with the Morris County tax landscape, Monaco CPA brings local 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 commute down Columbia Turnpike required.
Florham Park's $158,696 median household income and $999,000 median home sale price put virtually every homeowner into complex SALT planning territory. A typical household paying $10,640 in property taxes plus $7,000 to $8,000 in NJ income tax generates $17,000 to $18,000 in combined SALT, which far exceeded the former $10,000 cap. The 2025 increase to $40,000 provides relief through 2029, but the benefit phases out above $500,000 of modified adjusted gross income and sunsets entirely in 2030.
The concentration of major corporate employers along Park Avenue creates several recurring tax situations. Employees at BASF, Conduent, AbbVie, and Shionogi frequently receive RSUs and other equity compensation that require careful multi-state allocation when grant-to-vest periods span time in different states. Corporate relocations to Florham Park headquarters are fully taxable, and hybrid workers employed by New York-based companies must contend with New York's convenience of the employer rule. Monaco CPA serves medical practices, law firms, and real estate professionals across the Morris County area.
Florham Park has a growing retirement population, anchored by the Brooklake age-restricted community and several assisted living facilities, with a 305-unit age-restricted development planned at 50 Hanover Road. NJ's retirement tax landscape has become substantially more favorable, with Stay NJ, Senior Freeze, and ANCHOR benefits now stackable for qualifying seniors. Careful distribution timing from 403(b) plans and pensions can preserve NJ's retirement income exclusion, which phases out entirely above $150,000 of total income.
For small business owners, New Jersey's Pass-Through Business Alternative Income Tax (BAIT) remains a critical workaround for the federal SALT cap. Eligible S-Corps, partnerships, and multi-member LLCs can elect to pay state income tax at the entity level, generating a federal business expense deduction. BAIT is especially important for business owners above the $500,000 MAGI phaseout and will become universally critical again if the SALT cap reverts in 2030.
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 Florham Park 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.