Company Filing History:
Years Active: 2011-2012
Title: Innovations by Gregory Alan Woolsey: Revolutionizing Taxation with the Universal Tax Engine
Introduction
Gregory Alan Woolsey, an inventive mind from Newberg, OR, has significantly contributed to the field of tax technology. With a portfolio of two patents, Woolsey has focused on creating innovative solutions that simplify the complexities of taxation in an increasingly digital global economy.
Latest Patents
Woolsey's latest patent, the Universal Tax Engine, is a groundbreaking program-controlled apparatus designed to determine transactional taxes due for any item by any taxing authority worldwide. This sophisticated invention comprises a first database organized in a tree structure that identifies various zones to be examined. Additionally, a second, independent database includes all relevant taxing authorities. Furthermore, a third database is presented, which showcases the relationship between the data records from the first and second databases. The innovative design allows for periodic updates to reflect any changes in taxing authorities, ensuring accuracy and reliability. Woolsey’s Universal Tax Engine autonomously determines jurisdiction and tax for each line item while also calculating taxes based on applicable exceptions and exemptions.
Career Highlights
Throughout his career, Woolsey has held significant positions in notable companies, including Sabrix, Inc. and Thomson Reuters (Tax & Accounting) Inc. His work in these organizations demonstrates his expertise and dedication to enhancing tax software and technology, fostering advancements that are crucial for businesses navigating complex tax regulations.
Collaborations
Woolsey has collaborated with other talented individuals in the field, including coworkers such as Jeffrey Evan Nadler and James Donovan Barta. Their collective experiences bring together diverse talents and perspectives, contributing to the impactful innovations they have developed in the realm of tax technology.
Conclusion
Gregory Alan Woolsey's inventive contributions, particularly through his Universal Tax Engine, demonstrate the potential of innovations to transform industries. By simplifying tax processes and improving the accuracy of tax calculations, Woolsey has established himself as a leading inventor in the technology space, paving the way for a future where tax regulations can be navigated with ease and efficiency.