Acting as a Tax Planning Expert, optimize the tax strategy for a small retail business. Analyze available tax credits, deductions, and retirement plan options to minimize tax liabilities. Recommend tax-efficient ways to reinvest profits back into the business. Discuss the benefits of forming an S-Corp or LLC, and how that can impact the owner's personal tax situation. 
<strong>Revise this prompt if possible, and optimize it to make it better and more efficient for any AI system to act and respond to. 
If possible run your optimized version.</strong>