"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 Paramus, New Jersey, providing personal tax preparation, small business accounting, and bookkeeping services to individuals and businesses throughout Bergen County and beyond. With over 3,400 businesses operating in the borough and a median household income exceeding $144,000, Paramus residents and business owners face complex tax situations that benefit from dedicated CPA attention.
Monaco CPA is a virtual CPA practice serving Paramus, New Jersey, providing personal tax preparation, small business accounting, and bookkeeping services to individuals and businesses throughout Bergen County and beyond. With over 3,400 businesses operating in the borough and a median household income exceeding $144,000, Paramus residents and business owners face complex tax situations that benefit from dedicated CPA attention.
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 dual-state NYC commuter, a healthcare professional at Valley Hospital, or a small business owner along the Route 4 corridor, Monaco CPA can help.
As a New Jersey CPA familiar with Bergen County's tax landscape, Monaco CPA combines NJ tax knowledge 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 fighting traffic on Route 17 or searching for parking at Garden State Plaza.
Paramus residents face a distinctive mix of tax considerations. Bergen County property taxes, while among the lowest-rate in the county thanks to the borough's massive commercial tax base, still produce average bills of $13,058. Combined with NJ state income tax, most Paramus households generate SALT well above the former $10,000 cap. The 2025 increase to a $40,000 SALT cap ($40,400 for 2026) provides meaningful relief through 2029, but the benefit phases down for taxpayers with modified adjusted gross income above $505,000 in 2026 and reverts to $10,000 in 2030, creating a finite planning window that demands proactive strategy.
An estimated 25% to 35% of Bergen County workers commute to New York City, and Paramus is no exception. NJ Transit bus routes run directly to the Port Authority Bus Terminal, and Route 4 connects to the George Washington Bridge. Because NJ and NY have no reciprocal tax agreement, commuters must file in both states, and New York's convenience of the employer rule creates additional complexity for hybrid and remote workers. Monaco CPA serves medical practices, law firms, and real estate professionals throughout Bergen County who need multi-state tax expertise.
Paramus is home to a significant Korean-American community within Bergen County's broader Korean-American corridor. Residents with financial ties to South Korea may have FBAR and FATCA reporting obligations, foreign tax credit planning needs, and other cross-border compliance requirements. Non-willful FBAR penalties alone can reach $16,536 per violation, making proper reporting essential.
With over 26% of Paramus residents aged 65 or older, retirement tax planning is a major need. New Jersey's Stay NJ program now reimburses qualifying seniors for 50% of property taxes up to $6,500, stackable with Senior Freeze and ANCHOR benefits. Monaco CPA helps retirees coordinate these programs and plan retirement income distributions to preserve NJ's pension and IRA exclusion, which phases out above $150,000 of total income.
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 Paramus and Bergen 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.