Categorize business and personal expenses for taxes
What it does
Muse takes your credit card statements and automatically categorizes each transaction as a business or personal expense. It then breaks transactions down further with logical subcategories like supplies, software, meals, and travel for your specific business type.
The result is a complete, organized spreadsheet that's ready to copy and paste directly into your tax software. What would normally take a business owner hours or days of manual categorization, Muse completes in about 45 seconds.
Why it's worth it
Categorizing expenses by hand is tedious and time-consuming, reviewing months of transactions, remembering which were business-related, and organizing them into subcategories can easily take half a day or longer. Automating this step gets you to tax filing without that time sink, and reduces the risk of missed deductions or miscategorized expenses that create problems later.
Get your expenses organized and tax-ready in seconds instead of hours.
Step by step
Paste it into Muse and swap the highlighted parts for your own details.
Get Muse to:
- Here are my credit card statements for [the past year / relevant tax period]. Please categorize each transaction as business or personal.
- I [run a freelance design business / am self-employed as a consultant / own a small business]. Use this context to determine which expenses are business-related.
- Create subcategories within business expenses (like software, supplies, meals, travel, equipment) and within personal expenses based on what's relevant for my work.
- Review the categorization with me: show 10-15 sample transactions with their assigned categories to make sure the business vs personal split is correct.
- Ask me if this looks right and which transactions, if any, need to be recategorized.
- Once I confirm it's correct, create a spreadsheet with these columns: date, amount, category, subcategory, description.
- Format it so I can copy all the rows and paste them directly into [TurboTax / my tax software / my accountant's form] without any formatting problems.
- Let me know when it's complete and the spreadsheet is ready for me to download.
Expected resultYou get a spreadsheet with all expenses organized by business and personal categories, with subcategories and descriptions, ready to paste into your tax software.
