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Strategic Savings: Navigating the Tax Benefits of Section 179 for Spa Owners

January 4, 2024
Financial Management, Spa Operations

In the ever-evolving spa and wellness industry, savvy owners are keen to optimize their financial strategies. Among various options, Section 179 of the tax code stands out. This underused provision offers significant tax advantages, serving as a key to financial growth for spa businesses.

UNDERSTANDING SECTION 179:

A Financial Lifeline for Spa Owners Section 179 is a vital part of the IRS tax code for spa owners. It allows businesses to deduct the full cost of eligible equipment purchased within the tax year. This encompasses a wide range of assets, from luxurious massage tables to advanced skincare technology.

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Stress Management

A program of meditation, deep relaxation or any activity intended to reduce the ill effects of stress on the system.

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Successful Retail & Product Inventory Strategies

October 3, 2023
Retail

With retail sales trends the hottest topic in the spa industry this summer, ISPA’s August Town Hall focused on successful retail and product inventory strategies. Several spa professionals shared insights relating to best practices, team training, inventory techniques, post-pandemic ordering practices and more. Panelists included Jennifer Wayland-Smith, owner of Wayland-Smith Consulting; Jamee Taylor, vice president of spa and retail at Tricoci Salon and Spa; Maylin Rojas, director of spa and retail at Nobu Eden Roc Miami; and Timothy Williams, director of spa and resort shops at The Ritz-Carlton Key Biscayne, Miami. Kelleye Martin, ISPA vice chair, participated as moderator. ISPA thanks Body Bliss for sponsoring this Town Hall.

TWO BIG QUESTIONS IN RETAIL ARE:

  1. How can spas determine how much inventory to stock?
  2. At what point in the year should spas begin buying for the next season—or even for the next year?
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Sugar Body Scrub

This treatment involves the use of sugar often mixed with oils and applied to the skin with the intent to remove dead skin cells from the skin’s epidermis.  The exfoliation is achieved by both a mechanical (manual) and a chemical means.  The alpha hydroxy acid from the sugar loosens the bonds between dead skin cells and the coarseness of the sugar gently sloughs them away. The exfoliation not only leaves the skin with a better appearance and texture, but the treatment also increases the blood circulation and cell generation.

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Sugaring

Rooted in ancient practices, sugaring is the most natural and long-lasting treatment for eliminating unwanted hair from all areas of the body for both men and women. Using only 100% natural ingredients, it is the least painful of all hair removal techniques and is great for all skin types.

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Sweat Lodge

An ancient Native American body purification ceremony involving the use of intense heat similar to that of a sauna and other methods to provoke visions and insights.

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Swedana

Indulge in an invigorating traditional Ayurvedic Swedana treatment that will expel toxins and impurities out of the body though the use of medicated herbal decoctions. This treatment also increases blood circulation which reduces pain and relaxes the body.

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Swedish Massage

The most commonly offered and best known type of massage. It was devised at the University of Stockholm in 1812 by Henri Peter Ling.

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Swiss Shower

Standing body massage delivered by therapist with high-pressure hoses.

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Tai Chi (Chuan)

A Chinese Taoist martial art form of “meditation in movement” which combines mental concentration, coordinated breathing, and a series of slow, graceful body movements.

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