Weekly News Round Up: Defense Budget for 2015; IRS Audits Lowest Since 2005; and M&A Boom for Biotech

Welcome to the Weekly News Round Up from the SC&H blog.  Each week, we showcase a series of news stories that span everything from government contracting to personal finance to state and local tax issues.

This week, we have compiled stories about the proposed defense budget for 2015, how IRS audits are the lowest since 2005 and how the biotech sector will see increased M&A activity this year.

Defense Budget Process for Fiscal 2015 Likely to Be More Stable

For fiscal 2015, however, Congress has provided a $10 billion boost to the cap for defense spending, and the Pentagon has committed to proposing a budget that stays within that, according to Roll Call.

IRS Tax Audits of Individuals Hit Lowest Rate Since 2005

The Internal Revenue Service audited 0.96 percent of individual tax returns in fiscal 2013, declining for the second straight year and reaching the lowest rate since 2005.

M&A Boom Seen in 2014 for Biotech Deals

Healthcare companies are poised for a busy year of acquisitions, with biotechnology firms likely to be among the most prominent targets even as they trade at record highs.

Foreign Investment Drove Majority of D.C.’S Real Estate Deals in 2013

Foreign investors from countries ranging from Israel and Kuwait to South Korea accounted for a majority of the multimillion-dollar real estate deals that took place in the Washington area last year.

Five Business Intelligence Predictions For 2014

2014 will be the year that business requirements – as opposed to technology – will be the main focus in the business intelligence (BI) ecosphere.

State Budgets to Aid U.S. Growth Amid Federal Cuts

State and local governments are poised to increase spending this year, adding to the U.S. economic expansion, even as their federal counterpart cuts back.

The Millennial’s Guide to Personal Finance

Most high schools don’t teach students how to balance checkbooks or navigate loans, though plenty of young people wish they had more access to formal financial education.