"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 Maplewood, New Jersey, providing personal tax preparation, small business accounting, freelance and 1099 tax services, and bookkeeping to individuals and businesses throughout Essex County and beyond.
Monaco CPA is a virtual CPA practice serving Maplewood, New Jersey, providing personal tax preparation, small business accounting, freelance and 1099 tax services, and bookkeeping to individuals and businesses throughout Essex 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. Whether you are a Midtown Direct commuter, a freelance creative professional, or a recent NYC transplant filing in New Jersey for the first time, Monaco CPA can help.
Monaco CPA combines thorough knowledge of 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. No need to find parking in the Village or wait in a downtown office.
Maplewood has earned its reputation as "Brooklyn West" through a steady wave of families relocating from Park Slope, Cobble Hill, Williamsburg, and other Brooklyn neighborhoods. Many of these transplants are filing New Jersey tax returns for the first time and discovering a very different tax landscape: property taxes averaging $19,378 per year, no NJ/NY reciprocal tax agreement requiring dual-state filing, and NJ programs like ANCHOR that provide property tax relief. Monaco CPA helps new arrivals understand their NJ obligations from day one, so the transition is smooth rather than stressful.
Maplewood has more artists, designers, and media professionals than 90% of U.S. communities, and over 26% of residents work from home. This concentration of freelancers and 1099 professionals creates distinct tax needs: quarterly estimated payments, self-employment tax planning, home office deductions, and proper LLC formation or S-Corp election to reduce tax burdens. If you earn over $50,000 from NYC-sourced self-employment income, you may also owe the Metropolitan Commuter Transportation Mobility Tax. Monaco CPA helps creative professionals structure their businesses and filing to keep more of what they earn.
Essex County carries the highest average property tax burden in New Jersey, and Maplewood sits near the top within the county. At $19,378 per year, the average Maplewood property tax bill alone nearly doubles the previous federal SALT cap. The 2025 increase to $40,000 ($40,400 for 2026) provides relief for many households, but the deduction phases out above $505,000 MAGI for 2026. For business owners, the NJ BAIT election bypasses the individual cap entirely, and NJ capital gains are taxed at ordinary income rates with no preferential long-term treatment, making tax-loss harvesting and asset location strategies especially valuable.
Whether you are a W-2 commuter on the Midtown Direct, a freelancer running a creative practice, a dual-income household managing NJ/NY tax credits, or a homeowner planning for the NJ exit tax before a future move, Monaco CPA provides tax guidance built for the way Maplewood residents actually live and work. Use the estimated tax calculator to project your quarterly obligations, or explore the crypto tax services if you hold digital assets.
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 Maplewood and Essex 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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Schedule a free consultation to discuss your tax, accounting, and bookkeeping 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.