SSEM is a tax management application that automates the collection of necessary documentation and identifies applicable tax benefits using proprietary algorithms. It simplifies the tax filing process for individuals by allowing them to complete their VAT and income tax submissions with minimal paperwork and at a fixed cost of 33,000 KRW.
Funding
Funding not disclosed
Founders
Product
Problem
Individual taxpayers often face a complex and time-consuming process when filing VAT and income taxes, requiring them to gather extensive documentation and navigate intricate tax regulations. Many are unaware of all applicable tax benefits and deductions, leading to overpayment or missed opportunities for savings.
Solution
SSEM is a tax management application designed to automate tax filing for individuals by streamlining data collection and identifying eligible tax benefits through proprietary algorithms. The application simplifies VAT and income tax submissions, minimizing paperwork and ensuring users claim all applicable deductions. Users can calculate their taxes for free and only pay a fixed fee to complete the filing process. SSEM also offers an optional "Safe Filing Plus" feature that covers errors made by the user.
Target Audience
The primary target audience is individual taxpayers in Korea who are required to file VAT and/or income taxes, excluding corporations.
Features
- Automated collection of necessary tax documentation
- Proprietary algorithms to identify all applicable tax benefits and deductions
- Free tax calculation to estimate tax liability before filing
- VAT and income tax submission with minimal paperwork
- Fixed fee for completing the tax filing process
- "Safe Filing Plus" option to cover user errors
- Guarantees accurate tax calculations, with SSEM experts handling any issues raised by tax authorities