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.
Making sure that you bear in mind that your role, as the consultant, is to identify, analyze and solve your clientsâ problems, whatever they may be, and consistently doing so, will help to build your individual reputation.Always ask yourself what contribution you are making to your clients business.r perhaps, an organization in the midst of a corporate reshuffle is in need of direction, in order to streamline processes, devise systems, or reallocate staff. Often, these types of situation would call for the use of a consultant who specializes in a specific field.