TaxLeopard, a one-stop accounting software program and tax app for self-employed and contractors in Australia, has in the present day introduced a partnership with main Generative AI incubator, InnovateGPT, to construct a groundbreaking Good Tax Assistant for sole merchants.

The partnership provides to TaxLeopard’s present AI capabilities, which features a strategic partnership with RMIT College. TaxLeopard has been working intently with RMIT to place the constructing blocks in place for the event of the Good Tax Assistant, and InnovateGPT has now been onboarded to assist speed up its inception.

InnovateGPT brings over 100 years of mixed expertise to the venture, with its government staff previously holding senior roles at international tech giants together with Microsoft and Google. The corporate, which has been offering in-depth AI experience, with a singular give attention to GenAI since 2017, has helped set up over 15 joint-venture Australian Generative AI corporations throughout sectors together with schooling, power, sustainability, development, well being and life sciences, and monetary companies.

TaxLeopard’s Good Tax Assistant, which the three organisations are collaborating to develop, goals to leverage superior AI expertise to offer tailor-made, on-demand, real-time accounting and tax help to sole merchants. This can guarantee they obtain knowledgeable recommendation exactly once they want it, which will likely be based mostly on their distinctive monetary conditions, eliminating the delay and generic recommendation related to conventional tax consultations.

Selda Kaplan, Co-Founder and CEO at TaxLeopard, stated, “Our collaboration with InnovateGPT is a daring step in direction of redefining the panorama of tax administration by AI-driven innovation. By harnessing the disruptive energy of Generative AI, we’re setting a brand new commonplace for service excellence and technological development within the {industry}. TaxLeopard and InnovateGPT – with the help of the unbelievable staff at RMIT – are collectively crafting a future the place managing taxes is not only simpler, however a seamless a part of doing enterprise, empowering sole merchants throughout Australia to give attention to what they do greatest – operating their enterprise.”

George Stavrakakis, CEO at InnovateGPT Group, stated, “We’re delighted to be becoming a member of TaxLeopard and RMIT in growing what is ready to be an industry-shaking expertise. The AI-in-accounting market has large potential. It’s predicted to succeed in USD 15.69 billion globally in 2027, and by growing a complicated good accounting assistant, we’ll be serving to TaxLeopard clear up a serious ache level for SMBs and sole merchants, who spend as many as 15 hours per week on monetary admin. The depth of personalisation and the real-time help capabilities that TaxLeopard goals to supply with its Good Tax Assistant will clear up loads of complications for the smallest of companies and will set a brand new benchmark within the {industry}.

Assoc. Professor Jeffrey Chan, Accountable AI Specialist at RMIT CIAIRI, added, “InnovateGPT will play a vital position in bringing what we’re envisioning to life. With the addition of InnovateGPT, we’re growing a complementary mixture of capabilities. TaxLeopard brings its wealthy tax and accounting experience, InnovateGPT brings its staff’s unrivalled expertise in growing modern applied sciences at a few of the world’s largest corporations, and we at RMIT deliver our capacity to develop machine studying and predictive algorithms at scale. It’s a potent mixture that we imagine can construct one thing actually particular.”