IRS and Runzheimer International Increase Business Mileage Deduction Rate; The Business Finance Store Discusses How to Reduce Business Expenses

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Effective January 1, 2013, the national business mileage deduction rate will increase to 56.5 cents for U.S. business drivers.

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According to a company press release, Runzheimer International worked with the International Revenue Service (IRS) to increase the national optional business mileage deduction rate to 56.5 cents, up from 55.5. Runzheimer Senior Project Leader Ted Schuerman cites higher maintenance costs and fuel prices as the primary reasons for the increase, which will help businesses in their vehicle-related expenses for 2013. Besides vehicle-related expenses, businesses have many other expenses to reduce. In the recent blog post, "The Top 4 Expenses for New Business Owners (and How to Minimize Them)," The Business Finance Store discusses how to reduce the most common business expenses.

Though the increase in business mileage deduction rate will surely help businesses with their vehicle expenses, there are many other expenses to be concerned about. To learn more, visit The Business Finance Store Blog.

The Business Finance Store is a business financing and consulting firm that offers customized Business Financial Solutions. Seasoned professionals offer assistance in a variety of financial solutions to help small businesses succeed such as: Business Financial Solutions, Legal Solutions, and Accounting Solutions.

The staff at The Business Finance Store understands that starting and growing a business is an exciting time. They keep it exciting by taking care of some of the most difficult aspects, by providing legal advice, helping with vital responsibilities like accounting & bookkeeping, and by obtaining business finance. They can quickly and easily guide entrepreneurs through many different complicated processes and put them on the path to success.

For 10 years The Business Finance Store has been helping startups and other small businesses legally structure their companies, find the right franchises, get the funding they need, and achieve the American Dream of owning their own successful business. Since expanding nationwide in 2007, they have helped thousands of companies and have funded over $60 Million in business credit lines, not including SBA loans. The Business Finance Store sees limitless potential in the current climate, and looks forward to many strong years of growth to come. Take some time to review their services, and give them a call.

For more information, or a free, no-obligation analysis of your business needs, visit The Business Finance Store website: http://www.businessfinancestore.com. A member of their professional staff will contact you to discuss your business' short and long-term goals. Whatever you need, The Business Finance Store is there.

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Kelly Rye
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