Loopio
Client Name and Description
Loopio’s RFP Response Software enables enterprises to supercharge their process of responding to RFPs, RFIs, and Security Questionnaires. Loopio’s headquarters are located in Vancouver, Canada, and they are owned by a private equity investor after having raised almost $275M (CAD).
Background
In the Fall of 2023, Loopio was looking for an expert in compliance with operations in India. Through acquisition, they had recently come to control an India-domiciled company and were concerned about outstanding filings and tax liabilities.
They engaged FIAB to conduct a historical audit of their filings and make them current in their compliance. We identified several filing and payment shortcomings and have made them current in their compliance. FIAB continues to manage and oversee Loopio’s government filings, tax payments, and compliance through our team of U.S.-based and on-the-ground in India accounting experts.
Takeaways
It is one set of basic knowledge and capabilities to keep tax filings current. It is another entirely to be able to research, unwind, and “play detective” to understand the status of historical filings and make necessary corrections.
FIAB demonstrated this higher level of expertise in assisting Loopio with their filing cleanup and corrections.
