Anyone who is self employed or owns a business knows important it is to work on guaranteeing their financial security for their retirement along with working on building their business. After all, as self employed it is up to you to take care of yourself. I recently read an article that quoted Stephen L Nelson, a leading Seattle CPA who explained how performing a small adjustment to how your register your business can actually do both. You see by registering your business as an S corporation can potentially save a business owner $7,500 per year in payroll taxes. This may not seem like a big deal towards your retirement but Nelson shows how this small step, while accumulated over 30 years can result in a whopping $1,000,000 retirement plan. You can find more information about the benefits of setting up an S corporation at scorporationsexplained.com.