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Can You Deduct Investment Advisory Fees from Taxes? An Overview

Investors often wonder if investment advisory fees are deductible from their taxes. Understanding tax rules can help determine whether these fees and other investment-related expenses reduce taxable income. Understanding Investment Advisory Fees Investment advisory fees are payments made to financial professionals for managing assets, providing financial planning, or offering investment advice. These fees may be …

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What Is Gold Plating in Project Management? Mitigation Techniques & How to Handle It

Business

Good project management is like the engine of a successful business. It keeps things running smoothly, helps teams stay focused, and ensures resources are used wisely. Picture this—nearly every project finishing on time, within budget, and leaving your client happy. Sounds great, right? Believe it or not, this is achievable with strong project management skills. …

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Working as an ERP Consultant: A Guide for an ERP Systems Career

Education & Careers

Have you ever wondered how big companies keep everything running smoothly—managing their finances, employees, supplies, and customers all at once? That’s where something called Enterprise Resource Planning, or ERP, comes in. ERP systems act as a one-stop shop for businesses, tying together all these important tasks into a single, easy-to-manage platform. Why is this important? …

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Income vs. Revenue: What Every Business Should Know

Business

When talking business finances, the phrases income and revenue are sometimes used synonymously. However, they refer to different financial metrics that serve distinct purposes in evaluating a company’s profitability. Understanding these differences is crucial for business owners, investors, and financial analysts. A U.S. Bank study found that 82% of small businesses fail due to poor …

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Fast Tracking vs Crashing: Two Strategies to Accelerate Your Project

Business, Tech

Meeting project deadlines is one of the biggest challenges in project management. According to a 2021 PMI (Project Management Institute) report, nearly 48% of projects fail to meet their initial deadlines, often due to poor scheduling, resource shortages, or unforeseen risks. When project managers need to accelerate timelines, they turn to two common schedule compression …

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10 Payroll Challenges You Can’t Afford to Ignore

Business, Tech

Human resources professionals often face challenges in their daily tasks, and mistakes happen. What matters the most is how you handle them. Some problems, such as payroll issues, are avoidable. Errors in payroll processing can affect the entire company. A recent IRS survey discovered that 33% of companies make payroll mistakes. In 2023, the IRS …

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ERP Testing Essentials: Tests, Duration, & When to Use Offsite Facilities

Business, Tech

For businesses still juggling separate systems for payroll, inventory, and other key operations, switching to Enterprise Resource Planning (ERP) might feel overwhelming. But the benefits of ERP are hard to ignore. These systems simplify processes, bring all your data into one place, and improve communication across teams. They help businesses work more efficiently, reduce mistakes, …

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ERP System Implementation: Timeline, Phases & Future Considerations

Business, Tech

ERP systems are now the go-to solution for many businesses looking to work smarter and more efficiently. Businesses can enhance team communication, monitor progress, and make better decisions by implementing an ERP. According to Datix Inc., 95% of companies say their processes run smoother after adopting an ERP. On the flip side, businesses that still …

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Why Resource Management Matters: A Practical Guide to Its Importance & Strategies

Business, Education & Careers

Throughout history, businesses have found success by following smart management practices. These practices, going back to the machine age, helped create organized and efficient ways of working. Back then, managing resources like machines and workers was crucial to keeping things running smoothly and avoiding interruptions. Even today, this need to manage resources is just as …

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Paylocity or ADP? Which is the Best HR Solution for Your Business?

Business, Tech

Finding the correct payroll and HR software is an essential decision for all businesses. Two of the most popular options are Paylocity and ADP, both offering payroll, HR, and workforce management solutions. To help you decide which tool to use for your business, you need to compare their features, pricing, and more. Overview of Paylocity …

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