Nov 22, 2024  
2023-2024 Catalog 
    
2023-2024 Catalog [PAST CATALOG]

MAS 118 - Business for Bodyworkers

2 credit hours - 30 hours of lecture; one term.
Learn the foundation of successfully managing a bodywork business. Addresses Federal and State taxes and reporting (including Social Security and Medicare), record keeping, accounting, business structures, developing a business plan, marketing, being or hiring an independent contractor, third party billing and accepting credit cards. Students will prepare and present a financial business plan for their business. Provides 30 continuing education hours for NCBTMB and State of Maryland massage therapists.

Note: Typically offered OL; all terms.

Course Outcomes:
 

  • Retrieve Federal and State tax information
    • Access Federal and State web pages relative to Income and Sales Tax
    • Access EFTPS to set up electronic payment ability
  • Summarize issues of Independent Contractor status from a legal and tax perspective
    • Access IRS web page to determine threshold issues for defensible Independent
      contractor
    • Summarize issues surrounding being or hiring an independent contractor
  • Discuss the decisions points on hiring an independent contractor
  • Create a financial business plan specific to the student
  • Discuss record keeping and accounting as it impacts a bodyworkers business
    • Discuss record keeping and accounting as it impacts a bodyworkers business
  • Retrieve Social Security information on calculation, reporting and payment
    • Access Social Security Administration web pages to determine rates, ceiling, payments,
      etc.
  • Discuss the rationale for different business structure choices
  • Identify the business structure most appropriate for the specific student
    • Identify the business structure most appropriate for the specific student
  • Formulate the most appropriate marketing options from a cost/benefit perspective
    • Formulate the most appropriate marketing options from a cost/benefit perspective
  • Research credit card processing alternatives
    • Access Buyerzone.com to secure quote for offering credit card services
    • Analyze which offer is best suited to the student’s business