Weekly News Round Up: Tax-Exempt Filing Deadline Approaches; Risk Management Boosts Valuations; and Fiscal Defense Budget
May 5, 2014
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 how tax-exempt organizations must file their 990-series returns by May 15. In addition, a new study shows that mature risk management practices boost overall valuations and ManTech announced that it is acquiring 7Delta.
Tax-Exempt Filing Deadline Approaches
Tax-exempt organizations using the calendar year as their fiscal year must file 2013 990-series information returns and notices by Thursday, May 15, and should be careful about the information they include, the IRS warned.
Study Shows Risk Management Boosts Corporate Valuations
A new study found that companies showing “mature risk management practices” may have valuations of up to 25 percent more as a result.
Private Company CEOs Optimistic About Economy
Growing confidence in the U.S. economy is driving plans for expansion among the CEOs of privately held companies, according to a new survey.
A User’s Guide to the Fiscal Year 2015 Defense Budget
The Center for American Progress is providing these practical insights for understanding the DoD’s fiscal year 2015 budget.
Pfizer Proposes a Marriage With AstraZeneca to Ease Taxes in a Move to Britain
Pfizer proposed a $99 billion acquisition of its British rival AstraZeneca that would allow it to reincorporate in Britain. The move would also help the company escape the U.S. tax rate.
ManTech to Buy 7Delta in Healthcare IT Push
ManTech International has agreed to purchase Columbia, Md.-based technology management contractor 7Delta.