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.
Become an HR consultant and take control of your career. HR (human resources) consultants across Canada and the US are benefiting from flexible schedules and other benefits of consulting.HR consulting is an exciting choice for entry-level consultants.While some business consulting areas, such as tax consulting, require substantial background and prior knowledge, HR consulting can require less prior experience for the right candidate. Remember that to be a consultant you donât have to be an expert.R consulting is an exciting choice for entry-level consultants. While some business consulting areas, such as tax consulting, require substantial background and prior knowledge, HR consulting can require less prior experience for the right candidate. Remember that to be a consultant you donât have to be an expert.