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.

Location(s) Typically Offered: Online (OL)

Term(s) Typically Offered: All terms

Course Outcomes:
Upon successful completion of this course, the student will be able to:

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