Are your small business clients open to setting up defined benefit plans? If not, they may struggle with a few misconceptions.
Although the benefits of establishing and maintaining a defined benefit plan are substantial, some clients may still think the plans are too tough on cash flow, not flexible or that plans must cover every employee. Unpack these misconceptions here.
By offering small business clients the opportunity to set up defined benefit plans, CPAs can increase their value and help those clients save on tax.