Hey if you are the owner of a C or S Corporation, there is some good news. If you provide your employees (including you) with a company cell phone for a business purpose (after hours phone calls, keeping in touch with clients, etc) or reimburse an employee (you for instance) the rules of accounting for personal use have been relaxed. The IRS removed the cell phone from listed property classification last year and recently provided guidance on fringe benefit use. This means a small amount of personal cell use can be considered de minimus and you don’t have to worry about reporting it.
Here is more info from the IRS website:
http://www.irs.gov/irb/2011-38_IRB/ar07.html
Any questions let me know. Call at 818-317-6035 or email at bstonercpa@sbcglobal.net and we can talk about it.
You can count on us to count for you!