Small Business Tax

Small business CPA services include federal and NJ business tax return preparation for S-Corps, LLCs, partnerships, and sole proprietorships. Monaco CPA handles NJ Business Alternative Income Tax (BAIT) elections, quarterly estimated taxes, entity structure advisory, and year-round compliance starting at $750/year.

Running a small business in New Jersey means navigating federal tax obligations, NJ-specific requirements like the Business Alternative Income Tax (BAIT), and ongoing compliance deadlines. Monaco CPA handles all of it so you can focus on growing your business.

I work with S-Corps, LLCs, partnerships, and sole proprietorships across a range of industries. Every business gets personalized attention - not a one-size-fits-all approach.

Beyond filing returns, I provide year-round advisory to help you make tax-smart decisions about entity structure, owner compensation, deductions, and more. The One Big Beautiful Bill Act (OBBBA) made several key provisions permanent for 2026 and beyond: the QBI deduction (Section 199A) is now permanent, bonus depreciation is restored to 100%, and the 1099-K reporting threshold is set at $2,500. These changes affect entity structure decisions, depreciation planning, and information reporting for nearly every small business.

**Business formation and entity selection:** New businesses benefit from getting the entity structure right from day one. Monaco CPA provides entity selection analysis (LLC vs. S-Corp vs. C-Corp), NJ formation filing guidance, NJ S-Corp election (NJ-2553 is separate from federal Form 2553), EIN application, and first-year tax planning. See the [Business Formation service page](/services/business-formation) for details.

**Nonprofit and tax-exempt organizations:** Monaco CPA provides tax compliance services for NJ 501(c)(3) public charities and other tax-exempt organizations, including Form 990 preparation, NJ CHAR500 charitable registration, and UBIT analysis. Nonprofits have unique accounting needs that differ significantly from for-profit businesses. See [Nonprofit Accounting](/services/nonprofit-accounting).

**Succession planning:** Business succession is both a legal and a tax event. Proper planning, whether you're selling, gifting shares to family, or transitioning to an ESOP, requires advance coordination of business valuation, entity structure, and estate planning strategy. I work alongside your attorney to minimize the tax cost of the transition.

**Industry-specific tax planning:** Tax strategy for a medical practice looks very different from tax strategy for a construction company or a restaurant. Monaco CPA provides industry-focused planning for [medical practices](/industries/medical-practices), [law firms](/industries/law-firms), [nonprofits](/industries/nonprofits), [construction companies](/industries/construction), [restaurants](/industries/restaurants), [startups](/industries/startups), and [e-commerce businesses](/industries/ecommerce).

**OBBBA updates (effective 2025-2026):** The One Big Beautiful Bill Act made the QBI deduction (Section 199A) permanent, meaning qualifying pass-through businesses continue to deduct up to 20% of qualified business income with no sunset. 100% bonus depreciation is also permanent for property placed in service after January 19, 2025, reversing the TCJA phase-down. The Section 179 limit for 2026 is $2,560,000.