If the company established a 401(k) plan instead of a SEP, then you as employee could make an elective deferral contribution from your w-2 of $15,500 ($20,500 if age 50 or older) and then the S corporation could make a 25% employer contribution ($21,750 of total contributions to your 401(k) account).
A Great Consultant gets invested in the clientâs issues and gets excited at the prospect of making a difference. Finding passion in your work is something you canât force, and you may need to turn things around â find out first what youâre passionate about and then make that your professional focus.
Best Answer: >> The issue I have is I am not sure what a SAP consultant do. Generally speaking, consultants provide expertise in arcana. In other words, a consultant helps you do things that are not intuitive, easily understood or something you would commonly do. Therefore, what a consultant does varies widely. One consultant may specialize in setting up new SAP installs.