"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…"
"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 that includes…"
"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…"
"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. He answers quickly, breaks things down in a way that's…"
"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. He takes the time to explain…"
Reviews reflect individual experiences and do not guarantee similar outcomes. Tax savings and other results depend on each person's facts and are not typical of all engagements. No reviewer was compensated for providing a review.
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.
Greg Monaco, CPA, set up the practice so that planning happens before decisions do, not after the paperwork lands - an approach suited to a town built around its corporate campuses. 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 roughly $1 million 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 ($40,400 for 2026) provides relief through 2029, but the benefit phases down above $505,000 of modified adjusted gross income in 2026 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 worth modeling for business owners above the $505,000 MAGI phase-down (TY2026), and its relative value would grow again if the SALT cap reverts toward $10,000 in 2030 as currently scheduled - but the benefit is fact-specific in every year, not automatic.
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 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.
"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.
"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 reviews reflect individual experiences and do not guarantee similar outcomes. Results vary based on each person's specific facts and circumstances. No reviewer was compensated for providing a review. Tax savings and outcomes depend on individual tax situations and are not typical of all engagements.
Start with the contact form. Greg will review your tax, accounting, or bookkeeping needs and reply with a clear next step.
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.