How much does Magnetic cost and what features are included?

Magnetic costs $49/month for a subscription. It includes automated tax document processing, AI-driven tax optimization, real-time collaboration tools for CPA teams, a client portal for secure document sharing, and comprehensive tax compliance checks.

Can Magnetic help my CPA firm with tax compliance and client collaboration?

Yes, Magnetic provides comprehensive tax compliance checks to ensure accuracy. It also features real-time collaboration tools for CPA teams and a secure client portal for easy document sharing, enhancing both internal and external communication.

Magnetic

AI tax preparer for CPA firms

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Shyft Score

Directory quality rating

Reviewed

68/100

Quiet

Found in 1 source

Our take

The verdict on Magnetic

AI-generated

Magnetic is an AI tax preparer designed for CPA firms, offering automated tax preparation and filing. It stands out with its ability to handle complex tax scenarios.

Strengths

Automated tax preparation and filing
Handles complex tax scenarios
High ai_readiness_score (82)

Limitations

Limited ecosystem and integrations
No AI agent support (has_mcp: false)
Pricing unclear

Best for: CPA firms looking to automate tax preparation

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Benefits

Why teams choose Magnetic

Reduce tax preparation time by up to 80% with automated document processing

Minimize tax liability for clients with AI-driven optimization recommendations

Eliminate back-and-forth emails with secure client portals and real-time collaboration

Avoid costly compliance errors with comprehensive automated tax checks

About

What is Magnetic?

Magnetic automates tax document processing and suggests tax optimizations. It includes real-time collaboration tools and a client portal for secure document sharing. The tool performs comprehensive tax compliance checks, assisting with tax return preparation and compliance monitoring.

Key capabilities

Automated tax document processing

AI-driven tax optimization suggestions

Real-time collaboration tools for CPA teams

Client portal for secure document sharing

Comprehensive tax compliance checks

At a glance

What you can do with Magnetic

Tax return preparation

Tax compliance monitoring

Deduction identification

Tax planning and optimization

Audit defense

Best for

CPA firmsTax consultantsAccounting professionals

Pricing

Magnetic pricing

Magnetic starts at $49/mo

Starting at $49/mo

Ecosystem

Connected ecosystem

MCP servers, AI skills, and integrations that work with Magnetic

MCP servers

Use Magnetic with AI agents via these MCP servers

mcp-toolkit

Build and ship MCP servers effortlessly with zero-config setup.

npx0

Browse all MCP servers

Integrations

QuickBooksXeroZapierStripePayPalMicrosoft ExcelGoogle DriveSlackDropbox

FAQs

Frequently asked questions

Common questions about Magnetic and its capabilities

Magnetic is an AI tax preparer designed specifically for CPA firms, tax consultants, and accounting professionals. It automates tax document processing and offers AI-driven tax optimization suggestions to streamline tax preparation workflows.