Contributions to a retirement plan can only be made from compensation, which, in the case of a selfemployed individual, is earned income. Unfortunately for S-Corp owners, only W2 income can be recognized for qualified retirement plan purposes (not the pass-through income).Avidian Wealth Solutions helps business owners, self-employed, and entrepreneurs in Houston set up retirement plans for their businesses. Our team of experienced accountants and tax experts understand the complex tax requirements and regulations that come with running an S-Corporation. We aim to serve as a seamless extension of your office, providing the support necessary to allow your leaders to focus on growing and advancing your business. An Individual Retirement Account, or IRA, often represents a really good option for an S corporation owner. Retirement plans for S Corp owners, like SEP IRAs and Solo 401(k)s, help maximize savings. Learn how self-employed professionals can plan ahead. Establishing an S Corp in Texas involves forming a formal business entity, meeting IRS requirements, and filing Form 2553 with the IRS. A SEP IRA is easy to set up, has low to no cost and has minimal maintenance.