Business Details
50+ Years
experience
Certified Accountants in Millburn, NJ
Established in 1955, Bloom & Bloom, LLP is a family-owned accounting firm dedicated to delivering specialized auditing, tax, and consulting services. Our team combines over six decades of expertise with a personalized approach, serving small and mid-sized businesses, nonprofits, and high-net-worth individuals. As a peer-reviewed firm overseen by the American Institute of Certified Public Accountants, we maintain rigorous standards through continuous education and industry engagement.Our professionals, including seasoned auditors with decades of experience, focus on proactive financial guidance to help clients avoid pitfalls and maximize value. With a heritage rooted in HUD and nonprofit audits, we blend technical precision with practical solutions tailored to each clients unique needs.
Services
Auditing
Tax Preparation
Consulting
HUD Audits
Nonprofit Audits
Business Valuations
Estate Planning
Details
- Year established: 1955
Highlights and features
- We offer 60+ years of specialized auditing experience with HUD and nonprofit entities.
- Our team includes lead auditors with 33+ years of industry expertise.
- Peer-reviewed every 3 years for quality assurance and compliance.
- We provide tailored tax planning and compliance solutions for individuals and businesses.
- Diverse expertise in forensic accounting, business valuations, and regulatory consulting.
Associations and certifications
- American Institute of Certified Public Accountants
Services
Auditing Services
Specializing in HUD, A-133 Yellow Book, and nonprofit audits, we deliver compliance solutions for commercial and multifamily housing entities. Our proprietary techniques ensure regulatory adherence while reducing fees through streamlined processes. With 60+ years of combined auditor experience, we maintain peer-reviewed quality standards for accurate financial reporting.
Tax Preparation
Our tax services cover individual, corporate, and nonprofit filings with strategic planning to minimize liabilities. We handle state/local compliance, payroll tax reporting, and international tax considerations. Seasoned CPAs ensure accurate filings while optimizing deductions for high-net-worth clients and businesses.
Business Consulting
We provide operational consulting, business valuations, and succession planning. Our experts assist with entity selection, regulatory compliance, and forensic accounting. Services include ESOP planning, litigation support, and strategic M&A advisory tailored to client growth objectives.
HUD Audits
As a leading HUD audit firm, we specialize in multifamily and public housing compliance. Our auditors meet federal standards while identifying cost-saving opportunities. With 30+ years of dedicated HUD audit experience, we ensure clients avoid program sanctions through accurate reporting and process optimization.
Nonprofit Audits
We conduct A-133 Yellow Book audits for nonprofits, ensuring compliance with federal grant requirements. Our team manages regulatory filings and provides financial governance recommendations. Specialized expertise includes donor reporting standards and tax-exempt compliance frameworks.
People
Richard D. Bloom
Managing Partner
CPA with 25+ years audit experience, former international firm senior manager. Specializes in regulatory compliance and mathematical modeling. Holds degrees from Tulane and George Washington University. Enthusiast of motorsports and technical accounting research.
Helene S. Bloom
Partner Emeritus
Ex-Audit Bureau Chief at NJ Board of Public Utilities. Expert in regulatory tariffs and eldercare accounting. Developed audit methodologies for state agencies. Community volunteer with focus on nonprofit financial governance and education initiatives.
Saul G. Bloom
Founding Partner (Deceased)
CPA since 1955, former IRS revenue agent. Co-author of NJHMFA accounting manual. Established firm reputation for HUD audit excellence. Marine Corps veteran who leveraged GI Bill for accounting education at Rutgers University.
Questions
What accounting services does Bloom & Bloom offer?
We provide auditing, tax preparation/consulting, financial statement compilation/reviews, bookkeeping, payroll processing, and compliance services for businesses and nonprofits.
Do you specialize in any specific audit types?
Yes, we specialize in HUD audits, A-133/Yellow Book nonprofit audits, USDA Rural Development audits, and multifamily housing compliance audits.
What geographic areas do you serve?
Our auditing services extend across 13 states, with primary operations based in Millburn, New Jersey.
How does your firm ensure audit quality?
We undergo triennial peer reviews and maintain continuing professional education for all staff to ensure compliance with evolving standards.
What consulting services are available?
We offer business valuations, merger/acquisition advisory, estate planning, forensic accounting, litigation support, and operational consulting services.
