While many small business clients would welcome the 25 percent maximum tax rate for pass-through income proposed by the GOP tax reform framework, the proposed tax rate structure has the potential to hinder these clients’ retirement planning options.
Although the issue itself could be resolved in the actual legislation generated by the framework, there is a realistic possibility that the proposal could very easily discourage small business owners from providing the currently available retirement savings options to their employees.
However, many have pointed to the significant non-tax reasons that can motivate small business owners to develop retirement planning options for both themselves and employees.
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