CPA Services for Hoboken, NJ
Monaco CPA provides personal tax preparation, cryptocurrency tax, and small business accounting to individuals and professionals in Hoboken, New Jersey. The fully virtual practice means Hoboken clients receive quality CPA services without traveling to an office.
CPA Services in Hoboken
Monaco CPA provides personal tax preparation, cryptocurrency tax, and small business accounting to individuals and professionals in Hoboken, New Jersey. The fully virtual practice means Hoboken clients receive quality CPA services without traveling to an office.
Hoboken is home to a high concentration of financial professionals, tech workers, and crypto investors, all of whom have complex tax situations that benefit from personalized CPA attention. Every engagement is handled directly by Greg Monaco, CPA.
Whether you work in Manhattan and live in Hoboken, run a side business from your apartment, or actively trade cryptocurrency, Monaco CPA handles the full picture of your tax situation.
Why Hoboken Clients Choose Monaco CPA
Hoboken residents who commute to New York City have NJ-NY dual filing requirements. This means filing both NJ and NY state returns and claiming the NJ resident credit for taxes paid to New York, a calculation that requires accuracy to avoid double taxation.
The Hoboken tech and finance community, including startups and ecommerce businesses, has a high rate of crypto investing and deferred compensation arrangements, both of which require specialized tax knowledge. Monaco CPA handles Form 1099-DA reporting, DeFi transactions, and equity compensation tax planning.
Hoboken's rental market also creates tax opportunities for property owners, whether you own a condo and rent it occasionally, or own an investment property in the area. Depreciation, passive loss rules, and NJ rental income reporting all apply.
New Jersey has collected $84 million in wage-theft and misclassification assessments since 2018, with $37 million assessed in just the first seven months of 2025. Hoboken businesses and startups that use freelance developers or content creators as contractors need to ensure proper classification. Monaco CPA offers payroll services and worker classification guidance.
Work Directly with Greg
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 I Serve
Monaco CPA provides services throughout Hoboken and Hudson County, NJ, including:
Services Available in Hoboken
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
Do I need an NJ CPA if I work in New York City?
Yes. NJ residents working in NYC file a nonresident NY return (IT-203) and a resident NJ return (NJ-1040). NJ gives a credit for taxes paid to NY, but the credit calculation has rules that many tax software programs handle incorrectly. A CPA experienced with NJ-NY commuter tax can prevent costly errors.
Can I deduct my NJ Transit commuting costs?
NJ does not allow a personal deduction for commuting costs. However, if your employer offers a pre-tax transit benefit under IRC Section 132(f), you can exclude up to $325 per month from gross income. Self-employed individuals can deduct transportation to client sites, but not a regular commute.
What is the NJ BAIT election and should my 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 individual SALT cap ($40,000 since 2025 under OBBBA, increased from $10,000). 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 New Jersey tax capital gains differently than the federal government?
Yes. New Jersey taxes all capital gains at ordinary income rates ranging from 1.4% to 10.75%. There is no preferential long-term capital gains rate in New Jersey, unlike the federal system. This is one of the biggest NJ-specific tax surprises for investors.
Tax Tips & Insights from Greg Monaco, CPA
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Ready to Work with a Hoboken CPA?
Start your tax return through the secure portal or send a message to discuss your 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.