"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."
Testimonials reflect individual client experiences and do not guarantee similar outcomes. Tax savings and other results depend on each client's facts and are not typical of all engagements. No client was compensated for providing a review.
Nonprofits operate under a unique set of financial and tax rules. Maintaining tax-exempt status requires careful compliance with IRS requirements, accurate annual information returns, and proper handling of unrelated business activities.
Monaco CPA provides accounting, bookkeeping, and tax compliance services for NJ nonprofits, including 501(c)(3) public charities, 501(c)(6) trade associations, and other tax-exempt organizations with gross receipts up to several million dollars.
Services span Form 990 preparation, fund accounting setup, grant compliance, and state charitable registration, providing the financial oversight nonprofits need without the overhead of a full-time accounting department.
Nonprofit organizations must balance mission delivery with rigorous financial compliance, Form 990 accuracy, UBIT analysis, grant tracking, and state charitable registration all require careful, accurate work.
Accurate Form 990 preparation with all required schedules
NJ Charities Registration (CRI-300R, CRI-200, or CRI-150I) with the Division of Consumer Affairs
Fund accounting with proper program vs. G&A expense allocation
Grant compliance and restricted fund tracking
UBIT analysis for revenue-generating activities
Payroll for executive directors and staff
Board financial reporting and transparency
Revenue recognition for multi-year grants and pledges
Risk of IRS auto-revocation for consecutive filing failures
Donor acknowledgment letter compliance
Tax preparation, planning, and compliance services tailored to your industry.
Full Form 990, 990-EZ, or 990-N preparation with all required schedules, reviewed with your board before filing.
Annual charitable registration (Form CRI-300R long-form, CRI-200 short-form, or CRI-150I initial) with the NJ Division of Consumer Affairs Charities Registration Section for organizations soliciting contributions in New Jersey. CHAR500 is the New York form - not used in NJ.
Bookkeeping using proper fund accounting principles, separating unrestricted, temporarily restricted, and permanently restricted funds.
Identification of activities that may trigger Unrelated Business Income Tax and Form 990-T filing requirements.
Expense tracking and financial reporting for government and foundation grants with specific compliance requirements.
Payroll processing for nonprofit employees, including 403(b) plan administration and compliance with nonprofit employment tax rules.
Tax Planning
The OBBBA caps gambling loss deductions at 90% starting 2026. Break-even bettors now owe tax on "phantom income." Here's what NJ gamblers need to know.
Read GuideTax Planning
The best tax planning happens before December 31, not in April. Here are the strategies every NJ business owner should review.
Read GuideTax Planning
Self-employed NJ taxpayers must make quarterly estimated tax payments to both the IRS and NJ. Learn the 2026 due dates, safe harbor rules with worked dollar examples, and how to calculate payments to avoid underpayment penalties.
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Tax advice disclaimer: This material is for general educational information only and is not legal, tax, or accounting advice for your specific facts. A CPA-client relationship is formed only through a signed engagement letter.