Business Details
50+ Years
experience
Certified Public Accountants Serving Millburn, NJ
Founded in 1955, Bloom & Bloom, LLP is a family-owned accounting firm with deep roots in Millburn, New Jersey. Our team of certified professionals brings decades of experience in auditing, tax planning, and consulting for businesses and high-net-worth individuals. Specializing in HUD audits, non-profit audits, and multifamily housing compliance, we combine proprietary methodologies with nearly 60 years of industry expertise to deliver efficient, cost-saving solutions. Our professionals maintain rigorous continuing education standards and participate in AICPA-overseen peer reviews to ensure compliance with evolving regulations.With a legacy of service spanning three generations, including foundational work with the NJ Housing Finance Agency, we provide personalized guidance to help clients navigate complex financial landscapes. Our approach blends technical excellence with a commitment to community, demonstrated through partnerships with organizations like the Wortman Lung Cancer Foundation.
Services
Auditing
Tax Preparation
Consulting
HUD Audits
Non-Profit Audits
Details
- Year established: 1955
Highlights and features
- We offer 60+ years of specialized auditing experience with HUD and non-profit entities
- Our team maintains AICPA peer-reviewed certification and continuing education standards
- We implement proprietary audit techniques that reduce client costs by thousands annually
- Three generations of family leadership ensure deep institutional knowledge and continuity
- Our staff includes former IRS and government regulatory experts with real-world insights
Associations and certifications
- American Institute of Certified Public Accountants (AICPA)
Services
Auditing Services
We conduct comprehensive audits for HUD developments, non-profit organizations, and multifamily housing entities. Our AICPA peer-reviewed team uses proprietary methodologies to ensure compliance while reducing audit-related costs. Specializing in Yellow Book and USDA audits across 13 states, we deliver timely reports with actionable financial insights.
Tax Preparation
Our tax division handles preparation and representation for individuals and businesses. We focus on strategic tax planning for high-net-worth clients, including estate tax mitigation and business entity optimization to maximize legal tax savings.
Consulting Services
We provide business valuation, merger/acquisition planning, and forensic accounting services. Our consultants assist with continuity planning, fraud investigations, and strategic financial modeling to support business growth and risk management.
HUD Audits
Specializing in HUD-compliant audits for multifamily housing developments, we combine 60+ years of experience with specialized software to ensure regulatory compliance. Our team handles audit preparation, fieldwork, and reporting for public and subsidized housing entities.
Non-Profit Audits
We perform A-133 Yellow Book audits and standard non-profit financial examinations. Our services include grant compliance reviews, board reporting, and internal control assessments to ensure transparency and regulatory adherence for charitable organizations.
People
Richard D. Bloom
Managing Partner
CPA with 25+ years audit experience, former international firm senior manager. Specializes in HUD audits and mathematical modeling. Graduated Tulane and George Washington University. Motorsports enthusiast who applies track discipline to business strategy.
Helene S Bloom
Partner Emeritus
Public accountant and audit expert with government regulatory experience. Former NJ Board of Public Utilities Audit Bureau Chief. Specializes in eldercare accounting and non-profit compliance. Active community volunteer with focus on educational initiatives.
Saul G. Bloom
Founding Partner
CPA (1955-2000) who established firm's reputation in HUD auditing. Former IRS revenue agent and co-author of NJ Housing Finance Agency accounting manual. Recognized for client-centered approach that remains core to firm values.
Questions
What accounting services do you offer?
We provide tax preparation, payroll services, business entity selection, accounting software implementation, and financial statement compilation/review services tailored to small and mid-sized businesses.
Do you specialize in any audit types?
Yes, we specialize in HUD audits, USDA Rural Development audits, A-133 Yellow Book non-profit audits, and multifamily housing compliance examinations across 13 states.
How does your consulting division help businesses?
Our consultants assist with business valuations, merger/acquisition planning, estate tax strategies, bankruptcy restructuring, fraud investigations, and strategic business continuity planning.
Are you qualified for non-profit organization audits?
Yes, we perform A-133 Yellow Book audits and standard non-profit audits, with expertise in regulatory compliance and grant-specific reporting requirements.
