The Self-Employment Tax Initiative (SETI)
What is SETI?
The Self-Employment Tax Initiative (SETI) is a small business development strategy that takes advantage of the tax code to help low-income, self-employed individuals formalize and grow their businesses, create jobs and access tax-based asset-building opportunities. SETI recognizes the tax season as an incredibly opportune time to introduce self-employed business owners to a host of products and services that support small business development and asset building.
- SETI awards grants to community-based organizations that offer free or affordable tax preparation assistance to low-income, self-employed individuals.
- SETI conducts research and facilitates field building among our local partners to identify optimal ways to serve self-employed people.
- SETI promotes sound tax policy as it relates to the self-employed.
What Opportunities Are We Creating with This Approach?
- Asset building for low-income households.
- Growing and expanding micro businesses and creating jobs.
- Building a more sustainable economy.
More About SETI
- Click here to download the SETI Program Overview, which provides an overview of the SETI strategy and the program's history.
- Click here to download the SETI Fact Sheet, with data about self-employed individuals, the value of their contributions to the American economy and the opportunity to help them grow at tax time.
- Click here or download the SETI Tax Year 2011 Partners & Programs Summary to learn more about the work we're supporting during the 2012 tax season.
What's New?
- On Wednesday, December 14, over 180 participants joined us for The Self-Employment Tax Strategy: Empowering Entrepreneurs at Tax Time, a webinar sponsored by the Northwest Area Foundation, to learn about two creative ways to adapt the self-employment tax strategy for your own tax assistance program, microenterprise development agency or other community-based organization. Click here for more information and to download the recording or view the PowerPoint slides.
- On Tuesday, December 6, Representative Judy Chu introduced the Entrepreneur Startup Growth Act to provide low-income start-up companies with financial and business assistance. This bill is modeled after the Self-Employment Tax Initiative, requiring eligible grantees to pair tax assistance with business development and asset building services and products for low-income self-employed taxpayers. For more information, visit Rep. Chu's website or click here to help make this new legislation become law!
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