AI EMPLOYEES
Automate tax preparation and filing with agentic AI
Prepare tax documents, calculate liabilities, and assist with filing automatically. Reduce tax errors by 85% with your AI employee.
Tax preparation filing
Finance
18,250
Running
85%
Fewer Errors
Human employees shouldn't be doing manual tax preparation...
Time-Consuming Data Gathering
Your team spends weeks gathering tax documents, reconciling transactions, and compiling data from multiple systems for tax preparation.
80-120 hours per tax season
Calculation Errors & Penalties
Manual calculations lead to errors, missed deductions, and potential penalties from incorrect or late filings.
$5,000+ average penalty cost
Last-Minute Tax Season Stress
Rushed year-end preparation creates stress, errors, and potential compliance issues as your team scrambles to meet deadlines.
60-80 hour work weeks during tax season
Use agentic AI to automate your tax preparation 24/7
Automatically gather and organize tax data
Magical pulls transaction data from your accounting system, categorizes items for tax purposes, and organizes all supporting documentation needed for tax preparation.
Magical automatically calculates estimated tax liabilities, identifies eligible deductions and credits, and tracks tax basis for assets and depreciation schedules.
Magical populates federal and state tax forms with accurate data, generates required schedules and supporting statements, and ensures consistency across all forms.
Magical monitors your tax obligations throughout the year, calculates quarterly estimated payments, sends payment reminders, and maintains payment tracking for year-end reconciliation.
Step 1: Book a demo
See Magical in action and scope out your current tax preparation processes for automation.
Measurable results for your tax compliance
85%
Fewer Errors
Eliminate calculation mistakes and data entry errors in tax preparation
70%
Time Savings
Reduce tax preparation time from months to weeks
100%
Audit Readiness
Maintain complete documentation and audit trails for all tax positions
0
Late Filing Penalties
Automated tracking ensures you never miss a filing deadline
What tax professionals are saying
Magical has revolutionized our tax preparation process. We've eliminated the last-minute scramble and reduced our tax prep time by 70%. The automated data gathering means we're always ready for tax season, and the accuracy has been exceptional.
The quarterly estimated payment tracking alone has saved us thousands in penalty avoidance. Magical keeps us organized year-round and has made tax compliance stress-free. Our accounting team can focus on tax planning instead of data entry.
Security & compliance
HIPAA compliant
Magical processes all data locally with zero PHI storage
SOC 2 Type II certified
Enterprise-grade security with regular third-party audits
Secure Authentication
Single Sign-On (SSO) and multi-factor authentication options
Ready to transform your tax preparation process?
Does Magical replace my tax accountant or CPA?
No, Magical is designed to assist your tax professionals, not replace them. It automates data gathering, calculations, and form preparation, allowing your CPA or tax advisor to focus on tax strategy, planning, and review rather than manual data entry.
Which tax forms and jurisdictions does Magical support?
Magical supports federal tax forms (1120, 1065, 1040, 990, etc.) and can handle multi-state tax obligations. It stays updated with current tax law changes and form revisions automatically.
How does Magical ensure tax data accuracy?
Magical validates all calculations against IRS rules, cross-checks data consistency across forms, and flags potential issues for review. All data is pulled directly from your accounting system to eliminate transcription errors.
Can Magical handle complex tax situations?
Yes, Magical can manage multi-entity structures, consolidated returns, state apportionment, foreign tax credits, and other complex tax scenarios. For highly specialized situations, Magical prepares the data for your tax advisor's review.
How does Magical stay compliant with changing tax laws?
Magical's tax rules engine is continuously updated to reflect current federal and state tax law changes, new forms, and updated filing requirements. Updates are automatic and require no action from you.