Bold Solutions for Your Business: Bookkeeping, Accounting, Attestation, Tax, and Advisory Services How Can You Grow Your Company? Build a Strong Foundation Personal and Business Planning Are You Ready to Start a Business? Maximize Your Finances: Tax, Wealth Management,
Retirement and Estate Planning Can You Achieve Your Financial Goals? Relationships that Work: Strategic Partnerships and Referrals Do You Have Advisors You Can Trust?

For over 30 years, BloomSchon CPAs has helped businesses, professionals, and families manage complexity, grow wealth, and plan for the future. We deliver personalized service, bold solutions, and lasting relationships built on trust.

Accounting & Assurance

Accounting and Advisory
 

Our accounting team provides a wide array of services focused on helping businesses and their owners make well-informed financial decisions and better manage and grow their business.

Tax

Tax Preparation
 

Our in-depth knowledge of tax laws means we go beyond tax preparation, advising clients on beneficial tax strategies to reduce their current and future taxes and preserve their wealth.

Business Advisory

Business Advisory
 

Whether a business is a start-up or ready for an exit plan, we offer industry-specific guidance, innovative strategies, and bold solutions tailored to its unique goals and challenges.

Personal Advisory

Personal advisory
 

We provide entrepreneurs and high net worth families with comprehensive services to help them manage their finances; plan for the future; and protect, grow and transition their wealth.

Frequently Asked Questions

BloomSchon CPAs, LLC is a full-service accounting firm founded in 1995 and based in Jericho, New York, with a team of approximately 15 professionals. The firm works with small businesses, middle-market companies, privately held businesses, and high-net-worth individuals and families, with particular depth in trust and estate matters, partnership taxation, and fiduciary accounting.

BloomSchon’s core practice areas are:

  • Partnership taxation for closely held businesses and multi-partner entities
  • Trust and estate tax preparation, including generation-skipping transfer (GST) planning and dynasty trusts and optimization between fiduciary and beneficiary taxes
  • Tax and accounting services for high-net-worth individuals and privately held companies
  • Mult-generational wealth planning
  • SSARS financial statement reviews and compilations
  • Audits of privately controlled companies and not-for-profits
Yes. BloomSchon has deep, ongoing experience administering generation-skipping transfer (GST) trusts and dynasty trusts, including inclusion ratio calculations, taxable distribution reporting, and coordination of the associated tax filings across multiple open tax years. This is one of the firm’s core niches, not a peripheral service. See our full Trust, Estate & Fiduciary Services page for more detail.

Yes. Partnership taxation is a core part of the practice, including allocations, guaranteed payments, contributions of appreciated or premium-priced property, Section 754 and 743(b) basis adjustments, and multi-state and nonresident-partner sourcing issues. BloomSchon regularly advises closely held and family-owned businesses on the tax consequences of structuring and ownership changes.

Yes. A significant part of the practice is dedicated to high-net-worth individuals and multi-generational families, spanning income tax planning, trust and estate administration, and coordination across a family’s various entities and fiduciary structures over time.

Yes. BloomSchon performs SSARS-based financial statement reviews and compilations for privately held businesses, in addition to its tax and advisory work.

BloomSchon is based at 375 North Broadway, Suite 320, Jericho, New York 11753, on Long Island, and primarily serves clients across the New York metropolitan area, including New York State residency and nonresident tax matters. The firm also advises on multi-state issues that arise for its business and individual clients, including New York, New Jersey, and Massachusetts filings.

BloomSchon CPAs was founded in 1995 and has been serving clients for three decades. The firm is actively planning for long-term continuity, having brought in younger partners to carry the practice forward, with a firm priority on succession rather than a sale to private equity.

Prospective clients can reach out directly to discuss their tax, trust and estate, or accounting needs. The firm typically begins with an introductory conversation to understand a client’s situation before proposing an engagement scope.

Call 516-626-3992 or email info@bloomschoncpas.com.