Olga Estrada dedicated her life to raising her children. She was born in Nicaragua and joined her family in California more than 20 years ago to build a better life. Working in a data entry position, Olga didn’t have a lot of money but she always made ends meet.
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| "Small-Business Owners Are Coping, and Feeling Grateful for the Bright Spots" (New York Times) |
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Small businesses are the foundation of our economy, yet formalizing a business through the tax code is a complicated process that many low-capitalized entrepreneurs postpone.
The goal of the Self-Employment Tax Initiative (SETI) is to advance the use of the tax code and “tax preparation day” as a way to scale-up the delivery of essential business development products and financial services to start-up and growing self-employed businesses.
SETI accomplishes this goal in three main ways:
- Working with local partners to develop new products and services that promote more effective delivery, outreach and sector- specific strategies to help low-income entrepreneurs formalize and build their businesses.
- Analyzing, developing and advocating for new federal and state public policies that use the tax code as a vehicle for welcoming and supporting startup business owners.
- Exploring the development of a broader movement, to include for-profit, nonprofit and public sector partners, to serve millions of start-up and growing self-employed businesses.
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