Foo Kon Tan

What Foo Kon Tan does

Foo Kon Tan LLP is a Singapore-based professional services firm founded in 1968 and structured as a limited liability partnership. It provides a comprehensive suite of accounting and advisory services to corporate clients, spanning assurance (a cost-effective, risk-based, paperless audit methodology), tax advisory and compliance (Singapore Income Tax, GST, and stamp duties), broader advisory (business risk, corporate finance, forensic accounting, transaction services, and recovery & reorganisation), quality controls around IFRS/FRS compliance, ESG/sustainability advisory, and international business services delivered through its membership in the HLB International network. The firm employs an estimated 251-500 people and is led by a partnership that includes Kon Yin Tong (Managing Partner / Head of Advisory and elected President of the Institute of Singapore Chartered Accountants), Raymond Kong, and Sim Keng Chong.

The firm serves clients across multiple verticals, organizing its practice around industry segments including Construction, Property & Real Estate; Retail, Electronics, Consumer & Tech; Energy; Hospitality; Public Sector; Funds & Financial Services; Greater China Businesses (with Chinese-language service delivery); and entrepreneurial and capital markets clients. Through its associate company Foo, Kon & Tan Consultants Pte Ltd (FKTC), a Sage certified partner, the firm delivers business software solutions, including implementation, customization, integration, and support for Sage 300 and Sage Intacct, plus e-invoicing compliance as an IMDA-recognized InvoiceNow-Ready Solution Provider reseller.

The business model is a sales-led, partner-driven professional services model: revenue is generated through quote-based, engagement-scoped fees for audit, tax, advisory, and software implementation work, with client acquisition occurring via professional networks, referrals, HLB International introductions, and thought-leadership content (quarterly Financial Reporting Updates, Tax Alerts, and annual Illustrative Financial Statements). Pricing is not publicly disclosed and is determined by scope, complexity, and client size. Services are delivered directly to enterprise and corporate clients in Singapore and, for cross-border needs, globally through HLB correspondent firms.

Name

Foo Kon Tan

Legal name

Foo Koo Tan LLP

Website

https://fookontan.com

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

251–500 employees

Short description

Foo Kon Tan is a Singapore-based accounting and advisory firm, founded in 1968 and part of the HLB International network, providing audit, tax, advisory, ESG, and Sage business software services to corporate clients across multiple industry verticals.

Ownership category

akta.pro rank

Product category

Professional Accounting and Advisory Services

NAICS

Offices of Certified Public Accountants (541211), Management Consulting Services (54161)

SIC

Services-Engineering, Accounting, Research, Management (8700), Services-Management Consulting Services (8742)

akta.pro primary industry

Audit Management, Controls & SOX Compliance (BPAEAPAH)

Keywords

• Audit assurance services
• Tax advisory compliance
• Business advisory consulting
• Accounting software solutions
• ESG sustainability advisory

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Audit and Assurance Services: Statutory audits, internal audits, and assurance engagements for corporate clients
2. Tax Advisory and Compliance: Tax planning, compliance, and advisory services for individuals and corporations
3. Advisory Services: Business risk, financial advisory, corporate finance, forensic accounting, transaction services, and recovery & reorganization
4. Business Software Solutions: Sage software implementation, customization, training, and support through associate company FKTC
5. ESG/Sustainability Services: Environmental, social, and governance advisory services for responsible business growth

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Foo Kon Tan LLP is a Singapore-based professional services firm providing assurance (audit), tax advisory and compliance, and broad business advisory services (including corporate finance, forensic accounting, transaction services, ESG/sustainability). Through associate company FKTC, it is a Sage certified partner delivering business software implementation, customization, training, and support for Sage 300 and Sage Intacct, with global reach via the HLB International network.

Product overview

Foo Kon Tan LLP is a Singapore-based accounting and advisory firm offering a comprehensive suite of professional services. The core offering consists of Assurance, Tax Advisory & Compliance, Advisory (including Business Risk, Human Resources, Financial Services, Corporate Finance, Technology, Forensic Accounting, Transaction Services, and Recovery & Reorganisation), Business Software Solutions (via associate FKTC as Sage certified partner), Quality Controls, International Business (via HLB International network), and ESG/Sustainability Services. The firm also publishes educational resources including Illustrative Financial Statements, Financial Reporting Updates, and Tax Facts/Alerts. The business software division specializes in Sage 300 and Sage Intacct implementations, while the advisory division serves industries including Construction, Real Estate, Retail, Energy, Hospitality, Financial Services, and Greater China businesses.

Differentiator

Problem solved

Functional benefit

Products and services

• Assurance Services Risk-based, paperless audit engagements designed for the modern business climate; delivers statutory and assurance audits to corporate clients in Singapore and internationally via the HLB International network.
• Tax Advisory & Compliance
• Advisory Services
• Business Software Solutions
• Quality Controls
• International Business Services
• ESG / Sustainability Services

Segments10 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• HLB InternationalcoreStrategic or Co-development PartnerFoo Kon Tan LLP is a member of HLB International, a worldwide network of independent accounting firms and business advisers. This membership enables the firm to deliver services to clients with international operations and expand its global reach through correspondent firm relationships across multiple countries.
• SagecoreTechnology or IntegrationFoo Kon Tan's associate company FKTC is a Sage certified partner, providing implementation, customization, integration, and support services for Sage 300 and Sage Intacct business software solutions.
• Foo, Kon & Tan Consultants Pte Ltd (FKTC)coreStrategic or Co-development PartnerFKTC is the business software consulting associate of Foo Kon Tan, specializing in Sage business software solutions including Sage 300 and Sage Intacct implementation for SMEs.
• IMDA (InvoiceNow)coreTechnology or IntegrationFoo Kon Tan is an IMDA recognized InvoiceNow-Ready Solution Provider (IRSP) Reseller, enabling them to offer Singapore e-invoicing compliance solutions to clients.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Mazars Singapore: Mazars Singapore is the local office of Mazars Group, an international audit, tax, and advisory firm. It is a direct competitor to Foo Kon Tan in Singapore mid-tier audit and advisory services, with comparable network-driven international reach.
• Baker Tilly Singapore: Baker Tilly Singapore operates as a mid-tier accounting firm within the Baker Tilly global network, providing assurance, tax, and advisory services to corporates and SMEs. It is a direct competitor to Foo Kon Tan in the same mid-tier segment of the Singapore accounting market.
• BDO Singapore: BDO Singapore is the local member of BDO Global, a top-five international accounting network. Like Foo Kon Tan, BDO Singapore offers audit, tax, and advisory services to mid-market corporates in Singapore and serves clients through cross-border network relationships.
• RSM Singapore: RSM Singapore is part of RSM Global, one of the world's largest networks of independent audit, tax, and consulting firms. It competes directly with Foo Kon Tan for mid-market Singapore corporate engagements and offers similar international network reach.
• Crowe Singapore: Crowe Singapore is a member of Crowe Global, providing audit, tax, advisory, and consulting services to mid-market companies. It serves a similar client base and competes for the same Singapore corporate mandates as Foo Kon Tan.
• Grant Thornton Singapore: Grant Thornton Singapore is part of Grant Thornton International, serving mid-market and growing companies with audit, tax, and advisory services. It competes directly with Foo Kon Tan for Singapore-based corporate clients and provides international reach through its network.

Broad incumbents

• Deloitte Singapore: Deloitte Singapore is the local office of one of the Big 4 global accounting firms, offering audit, tax, consulting, financial advisory, and risk services across all enterprise sizes. It competes with Foo Kon Tan for larger Singapore corporate engagements while serving a much broader portfolio of clients.
• KPMG Singapore: KPMG Singapore is the local member of the Big 4 firm KPMG, providing audit, tax, and advisory services to large corporates, financial institutions, and government entities. It competes with Foo Kon Tan for selected mid- and upper-tier Singapore mandates but serves a substantially broader client base.
• PwC Singapore: PwC Singapore is the local office of PricewaterhouseCoopers, one of the Big 4 global accounting firms. It provides assurance, tax, and advisory services across the full Singapore corporate spectrum and represents the upper-tier competitive threat to mid-tier firms like Foo Kon Tan.
• Ernst & Young (EY) Singapore: Ernst & Young Singapore is a Big 4 firm offering assurance, tax, consulting, and strategy services. It competes with Foo Kon Tan at the higher end of the Singapore mid-market and for cross-border engagements, with significantly greater scale and resources.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/FooKonTanLLP
• LinkedInsg.linkedin.com/company/foo-kon-tan
• Instagraminstagram.com/fookontanllp

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foo Kon Tan