Timothy Steuart Teichman

Title: Innovations by Timothy Steuart Teichman

Introduction

Timothy Steuart Teichman is an accomplished inventor based in Sunnyvale, CA. He has made significant contributions to the field of payroll management through his innovative inventions. With a total of 2 patents, Teichman has developed methods that enhance the efficiency of payroll processes for employees and employers alike.

Latest Patents

One of Teichman's latest patents is titled "Payroll withholding for debt management." This invention relates to a method for withholding a portion of an employee's payroll funds to fulfill financial obligations. The process involves receiving employee debt information and payroll information, calculating available payroll funds, and determining if these funds exceed the debt amount. If so, the debt amount is extracted from the payroll funds, and the remaining balance is sent to the employee, while the debt amount is forwarded to the creditor.

Another notable patent is "Employee pre-payroll paycheck preview." This method provides payroll information to workers by obtaining earnings items for a payroll period, updating the payroll account balance, and calculating a compensation amount prior to processing payroll. The updated balance and compensation amount are displayed to the worker, allowing for better financial planning.

Career Highlights

Timothy Teichman is currently employed at Intuit, Inc., where he continues to innovate in the realm of payroll solutions. His work has had a positive impact on how employees manage their finances and obligations.

Collaborations

Teichman has collaborated with notable coworkers such as Jason Alexander Poteet and Shannon Keswick, contributing to a dynamic work environment that fosters innovation.

Conclusion

Timothy Steuart Teichman is a prominent inventor whose work in payroll management has led to valuable patents that benefit both employees and employers. His contributions continue to shape the future of financial management in the workplace.