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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.

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Regulations Made by DOL to Broaden ERISA Fiduciary Definition

The DOL amended the fiduciary definition The Department of Labor recently issued its final regulations to alter the definition of a fiduciary under ERISA effective Apr. 10, 2017. These “conflict of interest” rules will expand ERISA protections for participants by broadening the personnel treated as fiduciaries which render fee-based investment advice. With the new rules, […]

Author: Gary S. Young

June 24, 2016

Is Reality TV Crowdfunding the Future of the Industry?

An emerging trend: Reality TV crowdfunding Reality television programs developed by large production companies have saturated the TV lineup. However, the internet and crowdfunding services have opened new doors for unscripted hopefuls – reality tv crowdfunding could be the next big thing for the craze. Potential reality TV stars striking out on their own J.R. […]

Author: Anthony R. Caruso

June 23, 2016

Aéropostale Files for Chapter 11 Bankruptcy

Aéropostale files Chapter 11 Clothing retailer Aéropostale recently announced that it had filed for Chapter 11 bankruptcy protection. According to a report in Fortune, the company filed its bankruptcy petition late last month, even as it attempted to find a buyer. Aéropostale decides to seek bankruptcy protection Bloomberg reported that the company filed for Chapter […]

Author: Joel R. Glucksman

June 22, 2016

Green v. Brennan: When is a Constructive Discharge Claim Applicable?

The U.S. Supreme Court recently held that the statute of limitations begins to run in a constructive discharge lawsuit when the employee provides notice of his resignation. The Court’s 7-1 decision in Green v. Brennan resolves a circuit split on the issue and should make it easier for employers to determine whether a suit is […]

Author: Sean D. Dias

June 21, 2016

Is Selecting an S Corporation Business the Best Option?

Changing to an S Corporation Business or selecting an “S-Corp” is becoming popular for small business owners. In recent years, changes in tax laws have affected the way small businesses elect to be taxed. Businesses typically form corporations when transitioning from a sole proprietorship to a larger entity with multiple owners or employees. However, now businesses are more […]

Author: James F. McDonough

June 17, 2016

The Disability Payment Plans for the Most Dangerous Sport

The NFL’s Disability Payment Plans Football is a dangerous sport, however, the degree of risk is somewhat mitigated by the fact that disability payment plans exist for former players. Athletes get hurt often, and the sport of football is no exception to this. Numerous players have seen their careers end following devastating injuries. Typically, in terms […]

Author: Anthony R. Caruso

June 17, 2016

Core Media Group decides to file for Chapter 11 Bankruptcy Protection

American Idol’s production company, Core Media Group, files chapter 11 It was recently announced that Core Media Group, the company that produces “American Idol” and “So You Think You Can Dance,” had filed for Chapter 11 bankruptcy protection. According to the New York Times, the company cited low ratings for “American Idol,” its flagship franchise, in […]

Author: Joel R. Glucksman

June 17, 2016

Report Finds Certain States have Higher Audit Rates for Tax Returns

Do certain states have higher audit rates than others? A new study by TaxAudit.com, cited by the Motley Fool, found that certain states have higher audit rates than others. The report’s cumulative rankings were based on the results of TaxAudit.com’s Audit Defense consumers in 2014 who were eventually audited in 2015. The study’s state-by-state findings Among the […]

Author: James F. McDonough

June 16, 2016

Goodrich Petroleum Corp. Files for Chapter 11 Bankruptcy Protection

Goodrich Petroleum Corp. files Chapter 11 Goodrich Petroleum Corp., a U.S. oil and gas giant, recently announced that it had filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, the company sought bankruptcy protection in order to erase more than $400 million in debt. Goodrich now becomes just the latest one of […]

Author: Joel R. Glucksman

June 15, 2016

Leveraging Your Reality TV Stardom

Capitalizing on Your Reality TV Stardom Reality television stardom is just the beginning for many people. There are plenty of ways to leverage a TV appearance. Unlike actors in scripted TV shows, those in unscripted programs are not unionized. As a result, their salaries aren’t always as high as their peers on scripted TV, according to […]

Author: Anthony R. Caruso

June 15, 2016

Big Win at Hackensack Riverkeeper Reservoir Challenge

Scarinci Hollenbeck Wins First Place at Hackensack Riverkeeper Reservoir Challenge Congratulations to the Scarinci Hollenbeck kayak team, who took first place in the Corporate Cup Challenge at the fourth annual Hackensack Riverkeeper Reservoir Challenge this past weekend. Our intrepid team, comprised of Dan McKillop, Crystal Prais, Laura Schaefer and Todd Terhune, secured a definitive win […]

Author: Scarinci Hollenbeck, LLC

June 14, 2016

Engagement Letters are a CPA's Best Protection Against Lawsuits

When should you implement engagement letters? For many practicing accountants, their main cause of litigation is the result of client allegations that they failed to perform a scope of services that may or may not have been outside their engagement. According to Accounting Web, this is where engagement letters come into play for CPAs because […]

Author: Frank L. Brunetti

June 14, 2016

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