The first ever Artificial Intelligence chat specifically developed and trained for Payroll Tax issues. Payroll resources can now ask detailed specific questions about any jurisdiction whether it be related to the town, county, city, state, and federal.
Every federal and state tax form kept in a single place with instantaneous access for payroll resources. No more rummaging through the state or federal Department of Revenue sites in order to find the correct and latest version of the form. This will eventually be built out to include every single country.
Allows both employers and employees to understand tax implications based on a variety of factors including salary, location, deductions, and more.
Allows both employers and employees to understand tax implications based on a variety of factors including salary, location, deductions, and more
Includes all the function necessary for payroll teams to configure, track, manage, pay and reconcile payments to the various jurisdictions in North America and eventually the world
Grafedi is technology enabled investment holding company in which other businesses will be added in the future.
Currently, Grafedi owns a corporate payroll tax service company (PayTaxGPT) that provides the only artificial intelligence GPT tool specific to payroll tax issues and payroll tax functionality. It also includes a payroll tax geospatial locator, GTN engine (integrated into PayTaxGPT), and a comprehensive forms warehouse.
Furthermore, additional functionality is being built to handle International payroll tax information as well as a US payroll tax payment engine (similar to Master Tax).
Provides the only artificial intelligence GPT tool specific to US payroll tax issues and US payroll tax functionality.
After initial deployment, other functionality will be built within PayTaxGPT including payroll tax geospatial locator, comprehensive forms warehouse, and a core payroll tax platform
First, we are building upon the Microsoft/OpenAI architecture and data repository. This is information up to and including September 2021. We then also built their own web crawler that has been going to all federal and state Department of taxation/revenue websites and storing information for any relevant payroll to information. All these sites are owned by the government and the data is freely available to the public.
As part of the process for building this tool – we also determined that we created the single largest form repository for tax forms across all federal and state locales. We will shortly be releasing that functionality in conjunction with PayTaxGPT.
As we are still building the initial release, pricing has not been finalized at the current time. We do expected to follow traditional SaaS like pricing structures and amounts.
At the current time, we are in beta testing until November 6, 2024. After which we will release the general public.
Many of us to comfort the space and knew it very well. In addition, as per our investment philosophy, it was a pure B2B play that had many current competitors who were lagging in their capability. They were simply not making the investments required. ADP had rolled up a bunch of different payroll tax competitors into their own business and shut out much in the way of innovation.
As part of this roll up, they would hurt clients by increasing the current cost structure since they had a quasi-monopoly. And they tried to scare off other competitors from playing in the space by buying them up for taking them to court. Not us…. We were not scared. This business was ready to be disrupted by an outsider and we were ready to start obliterating.
We are still analyzing many different industries for which we can go in and obliterate the status quo. However we see value in such far-flung ideas as home food creation side businesses, selling used equipment/cars in a more efficient manner, monetizing home gardeners, and many others. More to come after GrafediTax gets deployed.
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