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.
Business strategy consulting is tailor-made thinking. What works for one company will not necessarily work for the other, even in the same industry. Strategists use tools, but tools don't make the strategist. Only the quality of the people matters in this business. By now, you will no doubt understand what makes strategy consulting so attractive to talented students and professionals: 1  It confronts you with the key choices every organisation must make, at the highest levels (so you know how the big guys think).