Q3 Review: Plan Smart, Finish Strong
Fall is here, and it’s a great time for small business owners to pause and plan for a strong finish to the year. Before jumping into the fourth quarter (Q4), don’t overlook one of the most important checkpoints of the year: the end of the third quarter (Q3).
Now is the perfect chance to review your financials,
The One Big Beautiful Bill Act (OBBB): Employer Guide
By now, you’ve probably heard of the One Big Beautiful Bill Act (OBBB), President Trump’s sweeping legislative initiative, which was narrowly passed by the House and Senate and signed into law on July 4, 2025. The final bill runs 331 pages, covering nearly every area of government: agriculture,
Minnesota’s New Paid Family and Medical Leave Law: What Employers Need to Know
The Minnesota Legislature has been busy! Over the past couple of years, they’ve passed new laws aimed at supporting working Minnesotans—and employers have a lot to keep track of. One of those laws is Earned Sick and Safe Time (ESST), which went into effect on January 1, 2024. Another big one is Paid Family and Medical Leave,
The Top 5 Financial Reports You Need to Manage Your Business
If you’re tracking your business finances (and we hope you are!), you’re already ahead of the game. But entering the numbers is just the first step – you need to use that data to make smart, informed decisions.
QuickBooks has powerful reporting tools that give you a clear picture of your business’s health at a glance.
MBS Remote Team Reunites for Connection, Growth, and Inspiration
In a rare and much-anticipated gathering, the Multi Business Solutions team came together in Minneapolis this month for two dynamic days of team building, reflection, and professional development. Fourteen team members, along with CEO Megan Beckler, traveled from across the Midwest to connect face-to-face. We spent time building team synergy,
5 Tax-Time Trouble Spots: Common Issues and Missed Deductions
We recently lifted our heads above the water after swimming through a sea of client files, getting everything ready to send off to their CPAs for tax filing. All year long, but especially in the thick of tax season, we’re submerged in numbers, receipts, and reconciliations – and we start to spot patterns.
Goodbye “Fun Police,” Hello People Operations!
Did you know that since 2018, MBS has provided Human Resource consulting alongside our core services of bookkeeping, QuickBooks training, and business consulting?
At the start of 2025, we updated our terminology. What we once called “Human Resources” support is now “People Operations” support.
Filling Out the W-9: A Painless Guide to Getting Paid (and Keeping the IRS Happy)
We recently wrapped up the yearly task of filing hundreds of 1099s on behalf of our clients. We determined which of our clients’ vendors received a 1099 based on the Form W-9 we requested from them. (Check out our separate blog post covering 1099s – who needs them,
Elevate Your Emotional Intelligence with EQ-i 2.0
Multi Business Solutions is excited to announce that we are now offering EQ-i 2.0 Assessment and Coaching!
You probably have questions – like, what is this? Why does it matter? And why do I need it? Glad you asked – we’d love to share more!
We’re guessing you’ve heard of IQ,
Why Do We Need to Send 1099s?
This is the time of year when businesses begin to finalize their books for year-end tax purposes. Two tax forms, specifically the 1099-MISC and 1099-NEC, are sometimes neglected by businesses.
All 1099s must be sent to recipients by January 31. You’ll need to file 1099-NEC on or before January 31.