Decoding International Taxes in a Flash
Based in San Francisco with operations worldwide Envivio hired VPTax when pre-IPO in 2011
VPTax Mission: Take the lead on all tax matters in connection with the S-1 filing required for an IPO. Deliver a quick turnaround (less than 60 days), on customer’s S-1 so they could get on file.
For the valuation of Envivio’s IP, VPTax retained the services of an independent economist specialized in transfer pricing. The valuations were completed quickly and more cost-effectively than if they had been done by the in-house valuation department of a large accounting firm.
Envivio’s auditors approved without material comment the tax provisions and memos produced by VPTax for the S-1. Envivio was able to meet their internal deadline of getting the audit completed and S-1 on file in less than 60 days. Envivio joined the Nasdaq in April 2012 (NASDAQ: ENVI).
Tim Grey, Controller says: “VPTax has the technical abilities to understand and explain complex issues and make sure we have the correct structures in place. They are much more responsive than a large accounting firm. When I call one of the principals at VPTax, I get immediate answers. I don’t get passed off to a manager or review partner as at some other firms.”
“We use VPTax for income tax, sales and use tax, and payroll tax. They are a full-service one-stop shop for all our tax needs, and I feel I can call them if I have a question on any tax issue–and get an immediate high-level response.”