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.”