Amtel (News - Alert) today announced that its TIMS cell phone software platform provides the segregation of corporate wireless/mobile/cell phone billing into company vs. personal usage segments. Using TIMS, companies can automatically send the reports to the department heads or end users.

 

The IRS recently audited some large organizations, making them answerable for millions of dollars worth of back taxes connected to mobile services expenses. The requirements classify mobile phones and pagers as “listed property.” This makes them subject to strict substantiation requirements. Business use of so-called listed property is not included in employee wages, but any personal use is taxable and included. All use of the mobile device is taxable and included if substantiation requirements are unmet.

 

Adequate records sufficient to establish each element of business use are required by IRS Regulation 1.274-5T(c). In order to meet this requirement, business use of cell phones must be properly backed.

 

Amtel's TIMS cell phone software platform is designed to provide an easy method for tracking mobile services. Employees set up phone numbers to be tracked for personal usage, and companies can establish a usage policy and track it. The system automatically segregates calls and splits billing.

 

The hosted SaaS (News - Alert)+ based platform is an efficient solution for procurement, invoice auditing, inventory management and cost center allocation of phone services. It can help IT & accounting departments streamline and reduce telecom/mobile expenses at their organizations.