MBA Chartered Professional Accountants Inc. office is at 206-1353 Ellis Street in downtown Kelowna
KELOWNA – When business owners visit their accountants, they typically need more than just number crunching to meet the Canada Revenue tax deadlines.
They might not know what to ask, and sometimes even what they need. While many business owners are ready to receive advice, they need a financial quarterback – an external CFO if you will – to toss that information their way.
The team at MBA Chartered Professional Accountants Inc. are able to recognize what services and advice their clients need before they ask, and are ready to offer strategies to help them reach financial security and personal goals.
Managing Partner Peter McFadden
MBA was established in Kelowna as a home-based business by managing partner Peter McFadden in 1996, where he set out a path of establishing a firm that provided services beyond the scope of traditional accounting offices. By 2003 its growth necessitated a move to downtown office space, and today, MBA is a boutique firm serving entrepreneurs, their businesses, and residents as well as international clientele, from their office in downtown Kelowna at 206-1353 Ellis Street.
MBA believes that business owners – including themselves – deserve three freedoms:
“Money – to make great money; Clients – to work with ideal clients; and Time – to claim back free time for ourselves,” notes McFadden. “We believe that working within the MBA model gives us and our clients these freedoms. We believe the definition of a professional is someone who knows what they don’t know.
“Consequently, we don’t expect ourselves to have all the answers. However, we do hold ourselves accountable to be able to identify the things we don’t know, and to find solutions in those who do so we can provide the right advice for our clients.”
MBA’s core focus is working exclusively with incorporated business owners to build them the life they want and deserve. They do this in an updated model that allows clients to get expert advice exactly when they need it.
Every person at MBA is encouraged to think and act like a business owner because business owners are innovative, adaptive and continually evolving. They take calculated risks, plan for the long-term, care about their employees, understand their customers’ needs, live the 80% approach, take action, and are passionate and driven.
MBA also believes that business owners are the most important people in society.
McFadden explains: “Without business owners, we have no commerce; without commerce we have no tax revenue; without tax revenue we have no government; without government we have no social support systems; and without social support systems we have no society.”
Associate Partner Kelly Ann Tardif
With that in mind, all of MBA’s actions and decisions are guided by core values that guide their behavior organizationally and interpersonally.
“We think and act like business owners, and are constantly looking to create value. McFadden and his team at MBA promote the core business values of being leaders who are proactive, creative, responsive, and who guide and protect.
MBA focuses on owner-managed businesses at all stages of the business cycle; from early-stage business planning and start-ups to growth-phase businesses, large corporations, and mature and transitioning businesses. They also advise clients beyond compliance and tax requirements.
“We believe that CPA firms are the most qualified to be the business owners’ number one trusted advisor,” Peter points out. “We believe that the traditional accounting firm model is flawed and prevents business owners from getting the expert advice that they desperately need and deserve.
“The traditional accounting model of trading dollars for hours and cranking out as many tax returns as possible is outdated, oppressive and robs individuals of freedom. It conditions individuals into believing three antiquated notions: That our worth is equal to how many hours we work, that our clients are naturally price sensitive to our services and that tax season ‘just has to be overtime and exhaustion’.”
Reach out to Peter McFadden and his team at MBA and learn a new way to do accounting and business.
Business Examiner Staff