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.

This service covers 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 was permanently restored to $20,000 and 200+ transactions (OBBBA Section 70432). 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, S-Corp election (federal Form 2553 - NJ auto-recognizes since P.L. 2022, c.133), 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. Coordination with your attorney helps 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.