While many small business clients would welcome the 25 percentmaximum tax rate for pass-through income proposed by the GOP taxreform framework, the proposed tax rate structure has the potential to hinderthese clients’ retirement planning options.

Although the issue itself could be resolved in the actuallegislation generated by the framework, there is a realisticpossibility that the proposal could very easily discourage smallbusiness owners from providing the currently available retirement savings options to theiremployees.

However, many have pointed to the significant non-tax reasonsthat can motivate small business owners to develop retirementplanning options for both themselves and employees.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.