CPA Services for Montclair, NJ
Monaco CPA provides personal tax preparation, small business accounting, and bookkeeping services to individuals and businesses in Montclair, New Jersey. Based in nearby Livingston, the practice serves Montclair residents through a fully virtual model, no commute required.
CPA Services in Montclair
Monaco CPA provides personal tax preparation, small business accounting, and bookkeeping services to individuals and businesses in Montclair, New Jersey. Based in nearby Livingston, the practice serves Montclair residents through a fully virtual model, no commute required.
Montclair's mix of young professionals, creative freelancers, and independent business owners makes it a community where personalized CPA services matter. Whether you're a W-2 earner with a side business or a small business owner navigating NJ tax compliance, you'll work directly with Greg Monaco, CPA.
All consultations are conducted via video call or phone, and documents are exchanged securely through an encrypted client portal, giving Montclair clients big-firm capabilities with boutique attention.
Why Montclair Clients Choose Monaco CPA
Montclair is home to a large population of NYC commuters, freelancers, and small business owners, all of whom have distinct tax needs. Monaco CPA works with Montclair-based photographers, music artists, and short-term rental operators navigating NJ-NY commuter tax situations, self-employment tax, and home office deductions.
The Montclair business community spans the arts, restaurants, health and wellness, professional services, and real estate. Monaco CPA has experience with the NJ tax requirements that apply to each of these industries, including S-Corp elections, BAIT filings, and NJ CBT returns.
Montclair's property values and corresponding property taxes also create planning opportunities around mortgage interest deductions, potential rental income from ADUs, and the impact of NJ's SALT deduction cap workarounds for homeowners.
New Jersey has collected $84 million in wage-theft and misclassification assessments since 2018, with $37 million assessed in just the first seven months of 2025. Montclair businesses that hire freelancers or independent contractors should review their classification practices. Monaco CPA offers payroll services and compliance guidance.
Work Directly with Greg
Your CPA knows your name and your situation.
NJ Licensed CPA
Livingston-based virtual CPA licensed in New Jersey, serving clients statewide.
Virtual Convenience
Secure portal, video consultations, and e-filing from anywhere.
Responsive Communication
All inquiries answered within one business day.
Areas I Serve
Monaco CPA provides services throughout Montclair and Essex County, NJ, including:
Services Available in Montclair
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.
What Clients Say
"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.
Frequently Asked Questions
How much does a CPA cost in Montclair, NJ?
CPA fees in Montclair and Essex County vary by service. Individual tax returns typically start at $350, while small business returns (S-Corp, LLC, partnership) start at $750. Monaco CPA publishes transparent pricing on the pricing page. No hidden fees or hourly billing surprises.
Does Monaco CPA work with clients outside Montclair?
Yes. While based in Livingston, Monaco CPA serves clients virtually across all of New Jersey and nationwide for federal tax preparation. All services are delivered remotely through an encrypted client portal.
What is the NJ BAIT election and should my business use it?
The Business Alternative Income Tax (BAIT) lets NJ pass-through entities like S-Corps and partnerships pay state income tax at the entity level, creating a federal deduction that bypasses the individual SALT cap ($40,000 since 2025 under OBBBA, increased from $10,000). For most qualifying NJ businesses with income over $100,000, the election produces meaningful federal tax savings. The election must be made annually by March 15.
Does New Jersey tax capital gains differently than the federal government?
Yes. New Jersey taxes all capital gains at ordinary income rates ranging from 1.4% to 10.75%. There is no preferential long-term capital gains rate in New Jersey, unlike the federal system. This is one of the biggest NJ-specific tax surprises for investors.
Tax Tips & Insights from Greg Monaco, CPA
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Ready to Work with a Montclair CPA?
Start your tax return through the secure portal or send a message to discuss your 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.