Receipts, expenses and write-offs, decoded.
Practical guides on finding receipts, tracking expenses and keeping your books clean, without the busywork.
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The Cohan Rule: Can You Deduct an Expense With No Receipt?
A 1930 case involving a Broadway showman is still the reason you can sometimes estimate a deduction. Here is what it covers, and the large category it does not.
Read moreMessy books? Mylo's clean-up tool rebuilds years of expenses automatically
Connect a client's inbox, bank and cards, and Mylo backscans years of history: every receipt and invoice found, duplicates collapsed, payments matched to the cent. What's left is a short exception list instead of a clean-up project.
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Write your expense policy in plain English. Mylo enforces it
Paste your spending policy (or upload the PDF nobody reads) and Mylo checks every new expense against it automatically. Flags come with a plain-English reason and the evidence behind them, and nothing ever blocks an employee from submitting.
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Approval workflows: from one approver to "any 2 of Owners or Accounting over $5,000"
Mylo now does multi-level approvals (chains, quorums, amount thresholds, and per-team workflows) without the enterprise bloat. Start with one approver for everyone and add power only when you actually need it.
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Connect Claude (or ChatGPT) to Mylo
Step-by-step setup for Mylo's AI-assistant connector: add it to Claude as a custom connector, see exactly what the assistant can and can't do, understand the permission model, and revoke access anytime.
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Expense rules that write themselves
Approve an expense for a new merchant once, and Mylo drafts the rule for you: clean merchant name, right category, every time after that. Combined with the AI policy engine, it's your expense policy on autopilot.
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How to log mileage expenses
Step-by-step: log a trip in Map, Manual, or Odometer mode, let Mylo compute the amount at your org's rate, set that rate as an owner or admin, and know what your approver sees on the other side.
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Mileage that does the math
Stop guessing distances and babysitting a mileage spreadsheet. Log a trip in Mylo (pick it on a map, type a distance, or snap your odometer) and the app computes the reimbursement at your org's rate, with the audit trail attached automatically.
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How to set up approval workflows
Enable multi-level approvals, build workflows with steps, quorums, and amount conditions, and learn what approvers see, including the signature trail, denials, and force-approving a stuck step.
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How to set up expense rules (and let Mylo learn them for you)
Where expense rules live, what they can change, how auto-learned suggestions appear after first-time approvals, and the org toggle that activates learned rules immediately.
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How to set up spending policies
Add your policy as text or a PDF, scope it to the whole org, a role, or a person, review the limits Mylo compiles from it, and see what happens when an expense gets flagged.
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Talk to your expenses: connect Mylo to your AI assistant
Connect Mylo to Claude (or another MCP-compatible assistant like ChatGPT) and your expenses become a conversation. Ask for the receipts from your New York trip, have a report drafted from them, and get answers about your spend, all in plain English.
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IRS receipt requirements: the $75 rule and what you actually need to keep
The $75 receipt rule, what it really covers, and the records you still need to keep to protect every business deduction.
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Are HOA Fees Tax Deductible?
HOA fees on your personal home are generally not deductible, but they can be when the property is a rental, a home office, or otherwise used for business. Here is the breakdown.
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Are Home Improvements Tax Deductible?
Most home improvements are not deductible right away, but they can lower your taxes later or qualify for credits. Here is the difference between repairs, improvements, credits, and cost basis.
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