Our Services
TY Tan Assurance provides a range of professional services to support businesses in Singapore with their financial reporting and regulatory compliance requirements.
Statutory Audit Services
We provide statutory audit services for companies that are required to have their financial statements audited under the Singapore Companies Act. Our audit approach involves understanding the company’s business operations, evaluating internal controls, and performing audit procedures to obtain sufficient evidence supporting the financial statements.
The objective of the audit is to enable the auditor to express an independent opinion on whether the financial statements present a true and fair view in accordance with Singapore Financial Reporting Standards (SFRS). Our audit services are conducted in accordance with Singapore Standards on Auditing and applicable regulatory requirements.
In addition to statutory audits, the firm performs special purpose audit engagements where independent verification is required for specific reporting purposes. These may include engagements relating to grant verification, turnover certification, or financial due diligence.
The firm also performs agreed-upon procedures engagements and review engagements, where limited assurance or factual findings are required over specific financial information.
Preparation of Unaudited Financial Statements
We assist companies in the preparation of unaudited financial statements in accordance with applicable financial reporting standards in Singapore. This service is commonly required by companies that qualify for audit exemption but are still required to prepare financial statements for regulatory filing, internal reporting, or shareholder purposes.
Our work involves compiling financial information based on the company’s accounting records and ensuring that the financial statements are properly structured and presented in accordance with the relevant accounting standards. This allows businesses to maintain proper financial reporting while meeting statutory and administrative requirements.
Corporate Income Tax Filing Services
We provide corporate tax compliance services to assist companies in fulfilling their obligations under Singapore tax regulations. Our services include the preparation and filing of Estimated Chargeable Income (ECI), corporate income tax returns (Form C / Form C-S / Form C-S Lite), tax computation and supporting tax schedules where applicable.
Where necessary, we also assist clients in responding to queries or audit conducted by the Inland Revenue Authority of Singapore (IRAS). This may include preparing written responses, compiling relevant supporting documents, and liaising with IRAS officers to address matters relating to the company’s tax filings.
Corporate Secretarial Services
We assist companies with statutory compliance matters required under the Singapore Companies Act. This includes maintaining statutory registers, preparing directors’ and shareholders’ resolutions, and assisting with routine corporate filings with the Accounting and Corporate Regulatory Authority (ACRA). Our services support companies in meeting their ongoing regulatory obligations and maintaining proper corporate records.
In addition, we assist with common corporate secretarial matters such as annual return filings, changes in directors or shareholders, share allotments, and updates to company information lodged with ACRA. These services help companies maintain proper corporate governance and ensure that statutory filings are submitted in accordance with the relevant regulatory requirements.
Bookkeeping Services
We provide bookkeeping services to assist businesses in maintaining proper accounting records. This includes recording financial transactions, organising supporting documents, and maintaining accounting records to support the preparation of financial statements and tax filings. Proper bookkeeping enables businesses to have a clearer view of their financial position and supports compliance with statutory reporting requirements.
Our services include maintaining accounting records based on the company’s financial transactions and supporting documentation. This helps ensure that financial records are properly organised and supports the timely preparation of financial statements, tax filings, and other regulatory submissions.
GST Filing and Compliance Services
We assist GST-registered businesses with the preparation and submission of GST returns to the Inland Revenue Authority of Singapore (IRAS). Our services include reviewing GST transactions, compiling GST reports based on accounting records, and preparing the GST return in accordance with the applicable GST regulations.
Where necessary, we also assist businesses in reviewing the GST treatment of common transactions to ensure that GST reporting is applied consistently with the relevant IRAS guidelines. This helps businesses maintain proper GST compliance and reduces the risk of errors or omissions in GST reporting.