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.
The most important decision youâll make is WHO to engage. And to make that best decision work for you, you want to approach it with a good understanding of business consultant prices and how to assess how much you should be willing to pay.