With Tax Savings, Mymo allows you to track business-related expenses that will go toward reducing your tax bill. Go to your Tax Savings balance on the banking services page of the Mymo app, and select Add a write-off to create a new expense*.
When you submit a new expense and attach a receipt, your Spending and Tax Savings will automatically be rebalanced to put the amount of that deduction back into your Spending balance.
* Mymo is not an accountant or licensed tax professional. Consult with a tax professional or use certified tax software when filing annual taxes.
** Tax Savings is not a Savings Account and does not earn interest. Tax Savings reflects money put aside to save toward taxes.