Check it out at https://www.paytaxgpt.com
The first ever Artificial Intelligence chat specifically developed and trained for Payroll Tax issues. We have curated over 5 million pages of HTML and PDF files from federal, state, and local government websites. We have stored them in a true artificial intelligence-based system leveraging large language models and vector databases.
Payroll resources can now ask detailed specific questions about any jurisdiction whether it be related to the town, county, city, state, and federal.
Allows both employers and payroll tax operation personnel to understand required tax configurations based on pinpoint rooftop locations. Furthermore, includes the ability to do it on a single employee or on a batch collection of employees.
Leading-edge paycheck calculator that allows the payroll tax operations personnel or employee download the latest paycheck from their payroll system and be able to change various fields to see the impact on their actual paycheck. Includes the ability to change pretax deduction, post-tax deductions, business location, home location, and many others.
Every day the platform is receiving hundreds of tax alerts from various jurisdictions around the country as well as any files that may have been modified on the curated government websites. All that is presented back to you in an easy to use and easy to understand format. Fully capable of being customized and configured by you for the jurisdictions of interest as well as time frames..
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.
Allows both employers and payroll tax operation personnel to understand Minimum Wage requirements and other tax laws applicable to specific business locations. Handles the complexity of varying Minimum Wage requirements based on state, city, job type, and other defining criteria.
Leveraging the same leading-edge and configurable generative artificial intelligence platform used for the United States PayTaxGPT – we will be expanding it to include all the countries of the world. Will have the same interface and capability to have users ask any question pertaining to tax in that specific country and receive back answers based on curated content specifically from that country's applicable government websites.
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, tax alerts, paycheck simulator, and a comprehensive forms warehouse.
Furthermore, additional functionality is being built to handle International payroll tax information.
First, we are building upon the Microsoft/OpenAI architecture and data repository. This is information up to and including September 2021. We then built our own web crawler that has been going to all federal, state, and local Department of taxation/revenue websites and curating any trusted & 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.
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.
We are planning a general release sometime in the late April or early May 2025 timeframe.
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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