Terms of Service & Conditions

Effective Date: January 1, 2025 | Last Updated: December 2025

Welcome to Monaco CPA. These Terms and Conditions ("Terms") govern your use of services provided by Gregory Monaco, CPA LLC, doing business as Monaco CPA ("we," "our," "us," or the "Firm"), and your use of our website at www.monacocpa.cpa.

By engaging our services or using our website, you agree to these Terms. If you do not agree, please do not use our services or website.

Services

Scope of Services

We provide accounting, tax preparation, tax planning, bookkeeping, advisory, and related professional services as described in individual engagement letters or service agreements. The specific scope of each engagement is defined in the applicable engagement letter, which supplements these general Terms.

Engagement Letters

For most services, we will provide a written engagement letter outlining:

Specific services to be provided
Fees and payment terms
Responsibilities of both parties
Limitations of the engagement

The engagement letter, together with these Terms, constitutes our complete agreement for the services described.

Professional Standards

All services are provided in accordance with:

Applicable professional standards of the American Institute of Certified Public Accountants (AICPA)
New Jersey State Board of Accountancy requirements
Internal Revenue Service regulations and procedures
Other applicable laws and regulations

Client Responsibilities

Accurate Information

You agree to provide complete, accurate, and timely information necessary for us to perform our services. This includes:

Source documents for tax preparation
Access to financial records for bookkeeping services
Responses to our questions and document requests
Notification of changes affecting your tax or financial situation

Timely Cooperation

You agree to cooperate in a timely manner, including:

Providing requested documents within reasonable timeframes
Responding to questions and communications promptly
Reviewing and approving deliverables before filing deadlines
Making decisions necessary for us to complete our work

Document Retention

You are responsible for retaining copies of all documents you provide to us and all final deliverables we provide to you. While we maintain records in accordance with professional standards, you should not rely on us as your sole repository for your financial records.

Fees and Payment

Fee Structure

Fees for services are quoted in your engagement letter and may be structured as:

Fixed fees for defined scope of work
Monthly retainer for ongoing services
Hourly rates for advisory or consultation services

All fees quoted exclude sales tax if applicable.

Payment Terms

Unless otherwise specified in your engagement letter:

Invoices are due upon receipt
Payment is due within 15 days of invoice date
We accept check, ACH transfer, and credit card payments
Late payments may be subject to a service charge of 1.5% per month

Refunds

Please see our Refund Policy for information regarding refunds.

Confidentiality

We maintain strict confidentiality of client information in accordance with:

AICPA Code of Professional Conduct
Applicable privacy laws and regulations
Our Privacy Policy

We will not disclose your confidential information to third parties without your consent, except as required by law, professional standards, or as necessary to provide our services.

Limitation of Liability

Scope of Limitation

To the maximum extent permitted by law:

Our liability for any claim arising from our services is limited to the fees paid for the specific services giving rise to the claim
We are not liable for consequential, incidental, indirect, special, or punitive damages
We are not liable for damages arising from your failure to provide accurate and timely information

Tax Positions

Tax returns are prepared based on information you provide and applicable tax law. We use professional judgment in applying tax law to your situation. However:

We do not guarantee that tax positions taken will be accepted by taxing authorities
We are not responsible for additional taxes, interest, or penalties resulting from audit adjustments, unless caused by our error
Tax law may change or be interpreted differently than our understanding at the time of preparation

Dispute Resolution

Informal Resolution

We value our client relationships and encourage addressing any concerns directly. Please contact us to discuss any issues before pursuing formal dispute resolution.

Governing Law

These Terms are governed by the laws of the State of New Jersey, without regard to conflict of law principles.

Jurisdiction

Any legal action arising from these Terms or our services shall be brought in the courts of Essex County, New Jersey, or the United States District Court for the District of New Jersey.

Termination

By Either Party

Either party may terminate an engagement with written notice. Upon termination:

You are responsible for fees for services rendered through termination date
We will provide reasonable assistance in transitioning to another provider
Our confidentiality obligations continue after termination

By Us

We reserve the right to terminate services immediately if:

You fail to pay fees when due
You fail to provide information necessary for us to complete work
Continuing the engagement would violate professional standards or law
The client-professional relationship has broken down

Modifications to Terms

We may modify these Terms at any time by posting updated Terms on our website. Material changes affecting current engagements will be communicated to you directly. Continued use of our services after changes constitutes acceptance of modified Terms.

Contact Information

Questions about these Terms should be directed to:

Gregory Monaco, CPA LLC
60 Melrose Drive
Livingston, NJ 07039

Phone: (862) 320-9554

Email: Greg@MonacoCPA.CPA

Website: www.MonacoCPA.cpa