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.
Talking to past clients of your candidates is absolutely essential. Do not hire a consultant if you are not willing to talk to at least three to four people who have worked with them. It's the only way to tell if someone has a history of genuine success or is merely a great talker and promoter in an interview situation.