"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 Ridgewood, New Jersey, providing personal tax preparation, small business accounting, and bookkeeping services to individuals and businesses throughout Bergen County and beyond.
Monaco CPA is a virtual CPA practice serving Ridgewood, New Jersey, providing personal tax preparation, small business accounting, and bookkeeping services to individuals and businesses throughout Bergen 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.
As a New Jersey CPA focused on the state's complex tax code, Monaco CPA combines local 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.
Ridgewood's median household income of $217,250 is more than double the statewide figure, and over 80% of adults hold a bachelor's degree or higher. The village's financial profile is dominated by Wall Street professionals, corporate executives, BigLaw attorneys, and healthcare specialists, nearly all of whom face layered tax complexity. Average property tax bills of $20,375 already exceed the former $10,000 SALT cap before a single dollar of state income tax is counted. For business owners with S-Corps, partnerships, or LLCs, the NJ BAIT election remains the most effective tool to bypass the individual SALT cap and recover tens of thousands in lost federal deductions.
Ridgewood is one of Bergen County's premier commuter towns, with NJ Transit rail service from the historic 1916 station and express bus routes reaching Midtown Manhattan in as little as 30 minutes. Roughly 18% of residents commute by rail, and a significant share travel by bus. This heavy NYC commuting pattern creates dual-state filing obligations that require careful management. New York's convenience of the employer rule taxes work-from-home days as NY income for most hybrid workers, and proper workday allocation is critical for residents with RSU vestings, bonus payouts, and deferred compensation that must be sourced between states.
New Jersey taxes all capital gains as ordinary income at rates up to 10.75%, with no preferential long-term rate and no capital loss carryforwards. For Ridgewood's concentration of finance professionals and investors, the combined federal and NJ rate on long-term gains can reach 34.55%. Annual tax-loss harvesting timing is critical since NJ losses can only offset gains within the same tax year. For residents holding cryptocurrency, these same rules apply to digital asset dispositions.
Whether you are a managing director with multi-year RSU vesting schedules, a dual-income household navigating estimated tax payments to both NJ and NY, or a professional practice owner weighing the BAIT election, Monaco CPA provides the tax guidance your situation demands. Ridgewood residents considering relocation should plan carefully for the NJ exit tax, which can require withholding of $44,850 or more at closing on a $1.5 million home sale. Use the estimated tax calculator to model your quarterly payments across both states.
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 Ridgewood 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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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.