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"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 South Orange, New Jersey, providing personal tax preparation, small business accounting, and bookkeeping services to individuals and businesses throughout Essex County and the broader SOMA community. Just 6 miles from the Livingston base, South Orange's $196,481 median household income and thriving mix of NYC commuters, university-connected professionals, and creative entrepreneurs make it one of the most tax-complex communities in northern New Jersey.
Monaco CPA is a virtual CPA practice serving South Orange, New Jersey, providing personal tax preparation, small business accounting, and bookkeeping services to individuals and businesses throughout Essex County and the broader SOMA community. Just 6 miles from the Livingston base, South Orange's $196,481 median household income and thriving mix of NYC commuters, university-connected professionals, and creative entrepreneurs make it one of the most tax-complex communities in northern New Jersey.
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 filing in two states, a Seton Hall faculty member with 403(b) and consulting income, or a rental property owner managing student tenants, Monaco CPA can help.
As an Essex County CPA, Monaco CPA combines knowledge of the NJ tax landscape and South Orange's unique economic profile 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 near the Village Center.
South Orange residents carry some of the heaviest property tax burdens in New Jersey, with the average 2025 bill reaching $22,717. That figure alone exceeds double the statewide average and places South Orange among the top three in Essex County. Combined with NJ state income tax, the typical South Orange household generates substantial SALT that was largely undeductible under the former $10,000 cap. The 2025 increase to $40,000 restores a significant deduction for most households through 2029, but the benefit phases out above $500,000 of modified adjusted gross income and reverts to $10,000 in 2030.
South Orange's Midtown Direct train service puts New York Penn Station 30 to 35 minutes away on express trains, and an estimated 35% to 50% of working residents commute to the city. Because NJ and NY have no reciprocal tax agreement, every commuter must file in both states. New York's convenience of the employer rule creates additional exposure for hybrid workers, potentially taxing remote days spent at a South Orange home office. Monaco CPA serves medical practices, law firms, and real estate professionals across the SOMA area who need multi-state expertise.
Seton Hall University's 58-acre campus anchors the local economy with a $270 million impact on South Orange alone. Faculty and staff face specialized tax situations including TIAA-CREF 403(b) plan distributions, taxable graduate tuition remission for spouses and dependents, consulting income reported on Schedule C, and research grant taxability. With 62% of undergraduates living off-campus, the village also supports a robust rental property market where investor-owners need Schedule E reporting, depreciation planning, and guidance on passive activity loss rules and 1031 exchanges.
South Orange's creative economy and entrepreneurial downtown, with over 150 businesses and one of the lowest vacancy rates in New Jersey, generates demand for small business accounting and bookkeeping. Self-employed creatives and freelancers face Schedule C reporting, quarterly estimated tax payments, home office deductions, and the same multi-state complexity as traditional commuters when they maintain NYC client relationships.
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 South Orange 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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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.