TaxCut

Inspiration

We were inspired to make TaxCut because my entire team is full of people aspiring one-day to become startup founders. After attending trade shows and meeting multiple executive-level people, from various countries and companies, we are breaking into the startup realm, a world full of imagination and our self-progress. Part of making a business, of course, is incurring hundreds of costs along the way, and each cost of course will come across tax. Do you also hate paying taxes, like tens of millions of Americans everywhere? Trust me, this digital financial advisor app will not only help you

What it does

This app identifies all costs you have made within a business accounting period for one month, and using Capitol One's Nessie API, we were able to organize different fields of a business owner's bank account. Users are welcomed to making a new account on the platform, where they can then include any new bills or loans they already have or are planning to take. They are then navigated to a screen with a financial advisor, built with Azure's OpenAI Service to analyze the user's data and financially speak to the user about the best tax codes to use on purchases and expenses they have made (since it works like a rebate), and also the best expenditures to take moving forward with their business as a full set of eyes over your business' financial state. The user is met with a couple niche elements to really provide an interesting experience on the platform, such as the Speech SDK from Azure, which allows users to speak into a microphone instead of having to type out their response for ease of access, and our response will be provided to the user also through a voice of its own, with the computer's spoken response being tracked on an AI transcript. The last portion of our app is aimed at Cloudforce's task, where we were asked to ask users about any potential disastrous experience they have faced physically, such as losing their home to a tornado. Our recovery and situation trained AI advisor will inform the user about the best government aid and recovery procedures that they can follow, outside of just home insurance, to claim the best reimbursement on any losses they have faced. We will provide them with the three best tips to help them recover faster than ever, almost dissipating their traumatic experience with a sense of relief.

How we built it

We used the following technologies while building this full-stack web application: React JS, Microsoft Azure, ChatGPT OpenAI API, Django REST API, Python Flask server, Express.js

Challenges we ran into

The biggest challenge we ran into while bringing this app to light were ensuring that the endpoints for the backend worked seamlessly with the frontend; on the backend, we created a high number of user-input fields, each being branched into overarching sections and modals, which lacked organization throughout the build.

Accomplishments that we're proud of

Although it took a long time for us to code out this project, the achievements we got through this project is insurmountable. We developed our own ai that verbally talks to the user and remembers the conversation, something we had never done before. On top of that, we used a lot of technology we weren't as familiar with, such as Flask, Express, and Azure.

What we learned

Throughout the project, we learned a lot regarding the tech involved with this. For example, we wanted to incorporate ai into the project that REMEMBERED your past conversations / choices, so we had to look for something that hit those qualifications. We ended up researching Langchain, a model that remembers the conversation and also verbaly talks back

What's next for TaxCut

The next steps we have for Taxcut is to analyze a users financial decisions now and to make it fit their budget for the next upcoming years. If they have a financial goal in mind, the ai will help them reach that point

Built With

• django
• express.js
• flask
• langchain
• react