Insider Secrets 42 with Thompson Bourque

<p><strong>Standout Quotes:</strong></p> <p><span style="font-weight: 400;">"Even though a lot of people shy away from accounting, when you're a business owner you have to overlook that and get into those numbers" - [Thompson]</span></p> <p><span style="font-weight: 400;">"When it comes to bookkeeping, you do get what you pay for, so you want to find someone that knows what they're doing and has efficient processes in place so that you're getting a higher level of bookkeeping than someone that might be charging a little bit less" - [Thompson]</span></p> <p><span style="font-weight: 400;">"When you are deciding that you're going to own a business, you want to make sure that it's structured properly for what you're doing" - [Thompson]</span></p> <p><span style="font-weight: 400;">"If you really educate yourself, you can start looking at things in this world more different, and you're able to kind of 'play the game' more strategically than if you didn't have some of this knowledge" - [Thompson]</span></p> <p><br /> <br /> <br /></p> <p><strong>Key Takeaways:</strong></p> <p><span style="font-weight: 400;">- One word that defines Thompson's personal and professional strategy is 'Adaptable'.</span></p> <p><span style="font-weight: 400;">- Having long term goals is key to Tax Planning and it's advisable to look at your books monthly, if not biweekly.</span></p> <p><span style="font-weight: 400;">- Thompson emphasizes the importance of having a sound bookkeeping and accounting process foundation embedded within the daily operations.</span></p> <p><span style="font-weight: 400;">- With tax planning, it's not one model that fits everybody but everybody's going to be more on an individualized plan based on their own business practices and goals.</span></p> <p><span style="font-weight: 400;">- Finding a professional you can trust who is efficient with their practices helps in being proactive in making sound decisions regarding tax planning.</span></p> <p><span style="font-weight: 400;">- Thompson explains that the preferred