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Newark CPA Services

Accounting, Tax & Advisory Services for Newark Residents and Businesses

Newark is New Jersey's largest city and a major economic hub—home to a diverse population of professionals, entrepreneurs, and families. Whether you're a small business owner in the Ironbound, a crypto investor working in Manhattan, or a family seeking reliable tax preparation, you need a CPA who understands both your local situation and the complexities of modern finance.

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At Monaco CPA, we're based right here in the Newark metro area (Livingston, NJ) and provide comprehensive accounting, tax, and advisory services to Newark residents and businesses throughout Essex County. Work directly with Gregory Monaco, CPA, MBA—not junior staff or seasonal preparers. Get proactive planning year-round, not just at filing time.

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Book a Free 15-Minute Consultation →

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As Featured In

Monaco CPA has been featured in Nasdaq, Yahoo Finance, GOBankingRates, and BeInCrypto for cryptocurrency tax expertise.

 

Why Newark Clients Choose Monaco CPA

Direct CPA Access

You work directly with Gregory Monaco, a licensed New Jersey CPA with an MBA. No handoffs to junior staff, no call centers, no runaround. Every tax return, financial question, and strategic decision gets expert-level attention from someone who knows your situation.

 

Proactive, Not Reactive

I don't just tally numbers at year-end—I plan ahead. Expect quarterly check-ins, year-round tax planning, and strategies to minimize your tax burden before it's too late. No last-minute scrambling or surprise tax bills.

 

Clarity, Always

Say goodbye to accounting jargon. I explain your financials in plain English, provide clear dashboards, and ensure you always understand where your money is going. Every report comes with actionable insights, not confusing spreadsheets.

 

Services for Newark Residents and Businesses

1. Bookkeeping & Accounting

Stay Organized, Stay Confident

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I handle your day-to-day financial recordkeeping so you always have an accurate picture of your finances:

  • Monthly bank reconciliations and transaction categorization

  • Accounts payable (bills) and receivable (invoices) management

  • Clean, GAAP-compliant financial statements

  • QuickBooks Online setup and management

  • Payroll processing coordination

  • Catch-up bookkeeping for messy or behind records

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With up-to-date books, you can make informed decisions and avoid cash flow surprises. Plus, as a CPA-led service, I ensure everything is GAAP-compliant and tax-ready. Spend less time in Excel and more time on your business.

 

Learn more about bookkeeping services →

 

2. Cryptocurrency Tax Accounting

Simplify Complex Crypto Reporting

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Crypto investors and blockchain entrepreneurs, this one's for you. I provide specialized accounting and tax services for Bitcoin and digital assets:

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My expertise in this ever-evolving area means I help you minimize surprises at tax time and stay ahead of new IRS rules. Don't let the complexity of crypto taxes intimidate you—I make it easy and compliant.

 

Learn more about crypto tax services →

 

View all crypto tax guides →

 

3. Tax Preparation & Planning

Maximize Savings, Minimize Stress

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Taxes done right, with strategy in mind. I prepare federal and New Jersey state tax returns for individuals, families, and businesses—ensuring accuracy and timely filing every time:

  • Individual and family tax returns (Form 1040, NJ-1040)

  • Small business returns (Schedule C, Form 1120-S, Form 1065)

  • Multi-state filing for Newark residents working in New York

  • Quarterly estimated tax planning to avoid underpayment penalties

  • Year-round tax planning to legally minimize your tax bill

  • IRS and NJ Division of Taxation notice response

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I don't stop at form-filing: I work with you throughout the year on proactive tax planning. That means identifying deductions and credits, advising on timing of income and expenses, and structuring transactions to legally lower your tax bill. My goal is that you never pay more tax than you owe.

 

Learn more about tax services →

 

New Jersey crypto tax guide →

 

4. Fractional CFO & Advisory

More Than Compliance—A Partner for Growth

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Think of this as CFO-level guidance tailored to small business budgets. If you need higher-level financial strategy but not a full-time CFO, I step in as your fractional Chief Financial Officer:

  • Budgets and financial forecasts

  • Profitability analysis by product, client, or project

  • KPI dashboards that matter for your industry

  • Business structure optimization (LLC vs. S-Corp evaluation)

  • Cash flow forecasting to prevent crunches

  • Pricing strategy and growth planning

 

I help you align your finances with your growth goals. You'll get to make decisions with an experienced CPA by your side, without the six-figure cost of a full-time CFO. I don't just report history—I help you shape the future.

 

Learn more about fractional CFO services →

 

Who I Help in Newark

Individuals & Families

Whether you're a W-2 earner or a family with multiple income sources, I make tax time stress-free. Annual returns, IRS notice response, retirement planning, and maximizing every deduction you're entitled to.

 

Small Businesses & Freelancers

Focus on running your business—I handle the accounting. Bookkeeping, entity selection (LLC vs. S-Corp), quarterly estimates, payroll, and strategies to legally reduce taxes. Consider me an extension of your team.

 

Crypto Investors & Businesses

From casual investors to full-time traders, I handle cryptocurrency's unique tax challenges. Capital gains calculation, cost basis tracking, staking and mining income, DeFi transactions, and NFT sales. Complex wallet or exchange data? I use advanced tools to reconcile high-volume activity.

 

Newark-NYC Commuters

Many Newark residents work in Manhattan, creating multi-state tax obligations. I handle coordinated NJ and NY returns, ensuring proper sourcing of income and maximizing credits to avoid double taxation.

 

Industry Specializations

  • Crypto & Digital Assets: Bitcoin, Ethereum, DeFi, NFTs, mining, staking, international compliance

  • E-Commerce & Online Business: Multi-state sales tax, inventory management, platform optimization

  • Professional Services: Consultants, freelancers, project profitability, contractor management

  • Real Estate Investment: Rental properties, 1031 exchanges, cost segregation studies

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New Jersey Tax Rules: What Newark Residents Must Know

The New Jersey Capital Loss Trap (TAM-2015-1(R))

Per New Jersey Technical Advisory Memorandum TAM-2015-1(R), New Jersey's Gross Income Tax has harsh rules for capital losses:

  • No capital loss carryforward: Unlike federal rules, NJ losses not used in the current year are lost forever

  • No deduction against ordinary income: Federal rules allow $3,000 of net capital losses to offset ordinary income; NJ allows zero

  • No preferential rates: NJ taxes all gains at ordinary income rates up to 10.75%, regardless of holding period

 

This makes strategic timing of gains and losses essential for Newark residents with investment income.

 

Complete New Jersey crypto tax guide →

 

New Jersey Income Tax Rates (2025)

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By the Numbers

  • 100% Secure - All documents handled through encrypted TaxDome portal. Bank-level security, AICPA best practices for confidentiality.

  • 24-Hour Response - Questions answered within one business day. You won't be left waiting for critical financial answers.

  • 50 States Served - Based in New Jersey, delivering services nationwide through virtual meetings and cloud technology.

 

How It Works

  1. Connect: Schedule your free 15-minute consultation. I'll discuss your needs, answer questions, and provide transparent pricing. Book online or call (862) 320-9554.

  2. Upload: I set you up on the secure TaxDome portal. Upload documents—tax returns, QuickBooks files, statements—quickly and safely. No paper shuffling required.

  3. Review: I analyze your information, identify opportunities, and prepare deliverables—books, returns, or financial plans. I may follow up with questions to ensure accuracy.

  4. Relax: Your accounting and tax matters are handled. I deliver results on time, walk you through everything, and provide year-round support—not just once-a-year service.

 

Areas We Serve in Newark and Essex County

Based in Livingston, I serve Newark and surrounding Essex County communities:

  • Newark: Downtown Newark, Ironbound, North Ward, South Ward, West Ward, Vailsburg

  • Essex County: East Orange, Orange, Irvington, Bloomfield, Montclair, Livingston, West Orange, South Orange, Maplewood, Millburn, Short Hills, Caldwell, Verona, Glen Ridge, Nutley, Belleville

 

All services delivered via secure portal and video consultation, or in-person meetings for local clients.

 

View all service areas →

 

Frequently Asked Questions

Do you meet with Newark clients in person?

Yes—I'm based in Livingston, right in Essex County. While most clients prefer the convenience of virtual service, I can arrange in-person meetings when it makes sense. Initial consultations, complex planning sessions, or simply getting to know each other over coffee—I'm flexible.

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I live in Newark but work in Manhattan. How does that affect my taxes?

Your wages earned in NY are subject to NY withholding, but you file as a NJ resident and receive credit for taxes paid to NY. Your investment income (including crypto gains) is taxable only to NJ. I handle coordinated NJ-NY returns regularly.

 

My books are a mess—can you help?

Absolutely. I perform catch-up bookkeeping for new clients regularly. I'll categorize transactions, reconcile accounts, and fix past errors. By the time I'm done, your books will be up-to-date and tax-ready. I won't judge the past—I'll just get things in order so you can move forward confidently.

 

Can I carry forward crypto losses in New Jersey?

No. Per TAM-2015-1(R), capital losses not used in the current year are lost forever for NJ purposes. This makes same-year loss harvesting essential—I help you plan timing strategically.

 

What's your pricing?

Pricing varies by service complexity. I provide transparent quotes after understanding your situation during your free consultation. No surprise fees.

 

Get Started with a Newark CPA Who Understands Your Needs

Experience the Monaco CPA difference: direct access to an experienced CPA, same-day responses, proactive planning, modern technology, and transparent pricing. I maintain a select client base to ensure exceptional service quality.

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Free 15-Minute Consultation • No Obligation

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Book Free Consultation →

 

Phone: (862) 320-9554
Email: Greg@MonacoCPA.CPA

📍 Livingston, NJ | Serving Newark, Essex County, and clients nationwide

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Read what clients say →

 

© 2025 Gregory Monaco, CPA LLC. All Rights Reserved. Referral Program | FAQ | About Gregory Monaco, CPA LLC

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