i have a relatively new S-corp and in the process of getting two new cell phones and service. I will be using the phones for both business and some personal, but I'd like to have them on a business account with the wireless company. My question is, how do i account for the personal use of the phone with regards to accounting software and IRS deductions?
I understand the alternative is to purchase the phones personally, then expense the business portion each month, but i'd rather have a business wireless account.
Thanks
I understand the alternative is to purchase the phones personally, then expense the business portion each month, but i'd rather have a business wireless account.
Thanks