Clear Paycheck - 2026 UEC Video
1:38

Clear Paycheck - 2026 UEC Video

Lassonde Entrepreneur Institute 18.03.2026 39 просмотров

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The Tim Draper Utah Entrepreneur Challenge is a business-model competition for university students in the state. The competition is managed by the Lassonde Entrepreneur Institute. Learn more at https://lassonde.utah.edu/uec​.

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Segment 1 (00:00 - 01:00)

Most people work every day for their paycheck, but when it finally arrives, they still don't understand it. Taxes, deductions, benefits, and payroll systems are incredibly complex. Employees often have no idea where their money actually goes, while employers spend countless hours answering payroll questions that shouldn't be confusing in the first place. The reality is payroll software was built for accountants in compliance, not for your everyday person actually earning the money. That's why I am building Clear Paycheck. Clear Paycheck transforms complicated payroll statements into a simple, transparent dashboard that shows employees exactly how their paycheck is calculated. It breaks down taxes, benefits, deductions, and take-home pay in plain language. It even goes one step further. An optimization tool helps employees identify ways to improve their take-home pay by optimizing benefits, tax withholdings, and deductions. There are over 160 million workers inside the United States, every single one of them receiving a paycheck. Payroll Software is a $30 billion industry, yet almost none of it focuses on helping employees truly understand and optimize their income. Clear Paycheck plans on partnering with employers and payroll providers through a subscription model, charging companies a small per employee monthly fee to give their teams payroll transparency and smarter financial insight. I'm building Clear Paycheck because understanding your paycheck shouldn't require a finance degree. When people clearly understand their income, they make better financial decisions that benefit employees, employers, and the economy.

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