What I Offer
Tax, Bookkeeping & Crypto Accounting Services
From individual tax returns to full back-office accounting, Monaco CPA is a virtual CPA firm serving New Jersey clients statewide, with the personal attention your finances deserve.
Individual Tax Preparation
Personal tax preparation with a CPA who works directly with you.
- NJ BAIT election analysis for pass-through business owners
- NJ/NY multi-state optimization for commuters
- Exit tax planning for residents leaving New Jersey
Tax Planning & Advisory
Proactive strategies designed to help you keep more of what you earn.
- OBBBA-updated planning: QBI, bonus depreciation, tip/overtime deductions
- Entity restructuring analysis (sole prop → LLC → S-Corp)
- Retirement plan optimization (SEP-IRA, Solo 401(k)) with NJ conformity analysis
Small Business Tax
Tax compliance and advisory for New Jersey small businesses.
- NJ S-Corp status verification (auto-recognized since P.L. 2022, c.133)
- Reasonable compensation analysis to optimize payroll tax savings
- Quarterly estimated tax and BAIT election management
Bookkeeping & Accounting
Clean books, clear picture. QuickBooks Online bookkeeping for NJ businesses.
- Chart of accounts structured for your NJ industry and tax requirements
- NJ sales tax compliance (6.625% standard + UEZ reduced rates)
- Year-end close that makes tax preparation seamless
QuickBooks ProAdvisor
Gold Certified ProAdvisor. Setup, training, ongoing support.
Payroll Services
NJ payroll processing, tax filings, and compliance - handled.
FreshBooks Accounting
The only FreshBooks Certified Collaborative Accountant in NJ. Setup, training, and support.
Learn moreCryptocurrency Tax
Bitcoin, DeFi, NFT, and staking tax preparation with a free estimator tool.
- 1099-DA reconciliation included for every crypto client
- Cost basis optimization (HIFO/Specific ID) to minimize tax
- NJ ordinary income treatment (no preferential capital gains rate)
More Services
Polymarket, Kalshi, and Robinhood prediction market tax reporting
Reduce self-employment tax through S-Corp election (savings vary by income and required reasonable compensation). Free eligibility calculator included
Cost segregation, 1031 exchanges, and NJ depreciation non-conformity planning
Schedule C optimization, home office deductions, and S-Corp conversion analysis
Full Circular 230 representation before the IRS and NJ Division of Taxation
NJ inheritance tax + federal estate planning ($13.99M TY2025, $15M TY2026+ under OBBBA)
990 preparation, grant compliance, and NJ CHAR500 charity registration
LLC, S-Corp, and partnership formation with NJ-specific elections
NJ 6.625% standard + 3.3125% UEZ rate compliance and audit defense
NJ/NY commuter credit optimization and proper income allocation
SEP-IRA, Solo 401(k), and Roth conversion with NJ conformity analysis
Tax Tips & Insights from Greg Monaco, CPA
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