J M Price & Associates, LLC: Company Profile

Background

Overview

J M Price & Associates, LLC is a certified public accounting and advisory firm based in Northern Virginia, serving the Washington, D.C. metropolitan area. The firm specializes in providing assurance, accounting, consulting, and tax services to a diverse clientele, including start-ups, middle-market businesses, government contractors, technology companies, and employee benefit plans.

Mission and Vision

The firm's mission is to deliver comprehensive financial services that foster long-term relationships and support the growth and success of its clients. By understanding each client's unique challenges and goals, J M Price & Associates aims to provide tailored solutions that enhance profitability and operational efficiency.

Primary Area of Focus

J M Price & Associates focuses on delivering high-quality financial services, including audits, reviews, compilations, tax planning, and business consulting. The firm is particularly adept at assisting government contractors and technology companies through their full business life cycle, addressing specific industry challenges and regulatory requirements.

Industry Significance

Operating within the accounting and advisory services industry, J M Price & Associates plays a crucial role in ensuring financial transparency, compliance, and strategic financial planning for its clients. The firm's expertise is especially valuable to government contractors and technology companies, sectors that require specialized knowledge to navigate complex financial landscapes and regulatory environments.

Key Strategic Focus

Core Objectives

Client-Centric Approach: Prioritizing the unique needs and goals of each client to provide personalized and effective financial solutions.

Comprehensive Service Offering: Offering a wide range of services, including assurance, accounting, consulting, and tax services, to address various client requirements.

Long-Term Relationships: Building and maintaining enduring relationships with clients to support their ongoing growth and success.

Specific Areas of Specialization

Government Contractors: Providing specialized consulting services tailored to the unique challenges faced by government contractors, including compliance with federal regulations and contract management.

Technology Companies: Offering financial services that support the dynamic needs of technology firms, from start-up phases through expansion and scaling.

Employee Benefit Plans: Delivering services related to the management and compliance of employee benefit plans, ensuring adherence to applicable laws and regulations.

Key Technologies Utilized

While specific technologies are not detailed in the available information, firms in this sector typically employ advanced accounting software, data analytics tools, and secure communication platforms to enhance service delivery and maintain data integrity.

Primary Markets or Conditions Targeted

J M Price & Associates primarily targets the Washington, D.C. metropolitan area, focusing on businesses that require specialized financial services, such as government contractors and technology companies. The firm's expertise is particularly beneficial in navigating complex regulatory environments and addressing the unique financial challenges these sectors encounter.

Financials and Funding

Funding History

Specific details regarding the funding history of J M Price & Associates, LLC are not publicly disclosed. As a privately held firm, such information is typically confidential.

Total Funds Raised

Information about the total funds raised by the firm is not available in the public domain.

Notable Investors

As a privately held entity, J M Price & Associates does not have publicly known investors.

Intended Utilization of Capital

While specific plans for capital utilization are not detailed, firms in this industry often allocate resources towards:

Technology Upgrades: Investing in advanced accounting and data analytics software to improve service efficiency and accuracy.

Staff Development: Funding professional development programs to enhance the skills and expertise of their team members.

Marketing and Business Development: Allocating resources to expand their client base and strengthen market presence.

Pipeline Development

As a service-oriented firm, J M Price & Associates does not have a product pipeline. Instead, the firm's focus is on developing and enhancing its service offerings to meet the evolving needs of its clients.

Technological Platform and Innovation

Proprietary Technologies

The firm utilizes industry-standard accounting and financial management software to deliver its services. Specific proprietary technologies are not mentioned in the available information.

Significant Scientific Methods

While not explicitly detailed, the firm likely employs data analytics and financial modeling techniques to provide insights and strategic recommendations to clients.

AI-Driven Capabilities

There is no specific information indicating the use of AI-driven capabilities within the firm's operations.

Leadership Team

Robert R. Price (Rob), CPA

Current Position: Principal at J M Price & Associates, LLC.

Professional Background: With over 20 years of experience in Big 4, regional, and local accounting firms, Rob has provided assurance, accounting, consulting, and tax services to government contractors and technology companies throughout their full life cycle.

Key Contributions: Rob's extensive experience enables the firm to offer specialized services tailored to the unique challenges faced by government contractors and technology companies.

Competitor Profile

Market Insights and Dynamics

The accounting and advisory services market is characterized by a diverse range of firms, from large multinational corporations to specialized boutique firms. The demand for specialized services, such as those offered by J M Price & Associates, is driven by the complexity of regulatory environments and the need for tailored financial solutions in sectors like government contracting and technology.

Competitor Analysis

While specific competitors are not identified in the available information, firms offering similar services in the Washington, D.C. metropolitan area include:

Large Multinational Firms: These firms offer a broad spectrum of services and have extensive resources but may lack the personalized approach of smaller firms.

Specialized Boutique Firms: Similar to J M Price & Associates, these firms focus on niche markets and provide tailored services, offering deep industry knowledge and personalized attention.

Strategic Collaborations and Partnerships

There is no publicly available information regarding strategic collaborations or partnerships involving J M Price & Associates.

Operational Insights

J M Price & Associates differentiates itself through its client-centric approach, offering personalized services that address the specific needs of government contractors and technology companies. This focus allows the firm to build long-term relationships and provide solutions that enhance client profitability and efficiency.

Strategic Opportunities and Future Directions

The firm has opportunities to expand its service offerings, incorporate advanced technologies, and explore strategic partnerships to enhance its market position and continue delivering value to its clients.