Services

Small Business Tax

Tax compliance and advisory for New Jersey small businesses.

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.

I work with 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.

What's Included

Federal and NJ business tax return preparation

S-Corp, LLC, partnership, and sole prop returns

NJ BAIT election analysis and filing

Reasonable compensation analysis (S-Corps)

Quarterly estimated tax calculations

Year-end tax planning

Entity structure advisory

IRS and NJ Division of Taxation notice support

Multi-state nexus analysis

Annual compliance calendar

How It Works

Business Assessment

I review your business structure, financials, and compliance needs.

Tax Planning & Strategy

I develop strategies around owner compensation, deductions, and entity optimization.

Preparation & Filing

I prepare and file your business returns with full attention to NJ-specific requirements.

Year-Round Support

Ongoing advisory, quarterly check-ins, and support whenever questions arise.

Frequently Asked Questions

Should my business be an LLC or S-Corp?

It depends on your income level, how you pay yourself, and your growth plans. I analyze your specific situation and provide a recommendation — this is one of the most common (and most impactful) decisions I help clients make.

What is the NJ BAIT election?

The Business Alternative Income Tax allows pass-through entities to pay tax at the entity level, effectively working around the federal SALT deduction cap. I analyze whether this election benefits your business and handle the filing if it does.

What records do I need to keep?

Income records, expense receipts, bank and credit card statements, payroll records, asset purchase documentation, and prior year returns. I provide a complete checklist and can set up systems to make record-keeping easier.

“If you need a CPA or accountant in Livingston or Essex County, I highly recommend Greg at Monaco CPA. He always gets back to me the same day, handles everything himself, and offers flexible virtual meetings. Greg managed our personal taxes with great attention to detail and identified deductions we had previously overlooked.”

Tom M.

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.

Ready to Get Started?

Start your tax return or send a message to discuss how I can help.

Start Your Tax Return Contact Us

Use of this website does not create a CPA-client relationship.