KHA, PLLC Company Profile

Background

Overview

KHA, PLLC is a growing public accounting firm based in Flower Mound, Texas, specializing in assurance, tax, and strategic management consulting services. Established in 1981, the firm has built a reputation for delivering high-quality services with unwavering ethics. Their core values—curiosity, dedication, excellence, resourcefulness, selflessness, and integrity—drive their daily operations and client interactions.

Mission and Vision

KHA, PLLC is committed to providing clients with the confidence that they have entrusted their financial matters to capable and ethical professionals. The firm's mission is to deliver exceptional service while upholding the highest standards of integrity and professionalism.

Primary Area of Focus

The firm offers a comprehensive suite of services, including:

Assurance Services: Providing independent audits and reviews to ensure financial statements are accurate and comply with relevant standards.

Tax Services: Offering tax planning, preparation, and compliance services for individuals and businesses.

Strategic Management Consulting: Assisting organizations in improving performance through strategic planning and operational efficiency.

Industry Significance

Operating in the competitive central Dallas-Fort Worth (DFW) accounting sector, KHA, PLLC has established a strong market presence. With an estimated revenue range of $50 million to $100 million, the firm demonstrates significant demand for its services and a robust position within the industry.

Key Strategic Focus

Core Objectives

KHA, PLLC aims to:

Maintain high standards of service quality and ethical conduct.

Expand its client base across various sectors.

Enhance operational efficiency through technological advancements.

Specific Areas of Specialization

The firm specializes in:

Providing assurance services to ensure financial accuracy and compliance.

Offering comprehensive tax services tailored to individual and business needs.

Delivering strategic management consulting to drive organizational growth and efficiency.

Key Technologies Utilized

KHA, PLLC employs a diverse technology stack, including:

HubSpot Analytics: For marketing insights and client engagement.

Google Tag Manager: To manage and deploy marketing tags.

Cloudflare: Enhancing website performance and security.

These tools indicate the firm's commitment to digital efficiency and data-driven decision-making.

Primary Markets or Conditions Targeted

KHA, PLLC serves a diverse clientele, including:

Nonprofit organizations

Small and medium-sized businesses

Individuals seeking comprehensive financial services

Financials and Funding

Funding History

As a privately held firm, KHA, PLLC has not publicly disclosed detailed funding history. The firm's estimated annual revenue is between $50 million and $100 million, reflecting its substantial market presence and financial stability.

Recent Funding Rounds

Specific details regarding recent funding rounds are not publicly available.

Notable Investors

Information about individual investors or investment firms backing KHA, PLLC is not publicly disclosed.

Intended Utilization of Capital

While specific plans for capital utilization are not detailed, the firm's growth and expansion efforts, such as opening new offices in Frisco and Denton, suggest investments in infrastructure and service enhancement.

Pipeline Development

As a service-oriented firm, KHA, PLLC does not have a product pipeline. However, the firm continually develops its service offerings to meet client needs and adapt to market changes.

Technological Platform and Innovation

Proprietary Technologies

KHA, PLLC utilizes a range of technologies to enhance service delivery, including:

HubSpot Analytics: For marketing and client relationship management.

Google Tag Manager: To streamline website tag management.

Cloudflare: To improve website performance and security.

Significant Scientific Methods

The firm employs data-driven approaches in its consulting services, leveraging analytics and strategic planning methodologies to deliver value to clients.

Leadership Team

Key Executives

Jennifer Sicking: Managing Partner.

Ken Hughes: President.

Jacob Nethery, CPA: Partner.

Lisa Smith: Partner.

Professional Backgrounds and Contributions

Jennifer Sicking: As Managing Partner, Jennifer oversees the firm's strategic direction and operations, ensuring alignment with client needs and industry standards.

Ken Hughes: Serving as President, Ken leads the firm's growth initiatives and maintains its commitment to high-quality service.

Jacob Nethery, CPA: As a Partner, Jacob contributes to the firm's assurance and tax services, bringing expertise in financial analysis and client relations.

Lisa Smith: Also a Partner, Lisa focuses on strategic management consulting, helping clients optimize operations and achieve business objectives.

Leadership Changes

In 2012, KHA Accountants and Advisors, PC merged with Peter McCleskey, CPA, PLLC, expanding the firm's capabilities and service offerings.

Competitor Profile

Market Insights and Dynamics

The accounting and consulting industry in the central DFW area is competitive, with firms ranging from small practices to large multinational corporations. KHA, PLLC's estimated revenue of $50 million to $100 million positions it as a significant player in this market.

Competitor Analysis

Key competitors include:

Maner Costerisan Certified Public Accountants: A firm with revenues between $100 million and $250 million.

Rehmann: A larger firm with revenues ranging from $1 billion to $10 billion.

Doeren Mayhew: With revenues between $500 million and $1 billion.

Grant Thornton LLP: A global firm with revenues between $10 million and $25 million.

Ernst & Young: A multinational firm with revenues between $50 million and $100 million.

Plante Moran: A firm with revenues ranging from $1 billion to $10 billion.

These competitors vary in size and service offerings but share a focus on providing comprehensive accounting and consulting services.

Strategic Collaborations and Partnerships

While specific strategic collaborations are not detailed, the firm's expansion into new locations and the merger with Peter McCleskey, CPA, PLLC in 2012 indicate a proactive approach to growth and service enhancement.

Operational Insights

KHA, PLLC differentiates itself through its commitment to high-quality service and ethical standards. The firm's core values and client-centric approach contribute to its competitive advantage in the market.

Strategic Opportunities and Future Directions

The firm's expansion into new offices in Frisco and Denton presents opportunities to tap into new client bases and markets. Continued investment in technology and service innovation will be key to sustaining growth and maintaining a competitive edge.