Kyckr Alternatives for Accounting Client Checks

Tax Genie is the best Kyckr alternative for Australian accounting practices that want complete client onboarding with less chasing. It brings identity and AML/CTF checks into the same request as client details and engagement letters.

Kyckr is the choice for sourcing international registry information and tracing ownership through companies. Keep that separate data requirement in view when changing how your practice checks and accepts clients.

Tax Genie for Client Checks and Onboarding

Tax Genie connects client checks with the information your team needs to start the engagement. Your client completes one guided request covering the relevant entities and people, with identity verification and an engagement letter signed online.

Tax Genie checks ABNs against the Australian Business Register and checks number formats as the client types. Rules and AI review submitted answers for common mistakes and missing documents. Tax Genie emails the client what needs fixing and sends automatic reminders until outstanding items arrive.

Beneficial-owner checks sit alongside identity verification, politically exposed person and sanctions screening, background checks and adverse media checks. Your staff record the risk determination, reasoning and sign-off. The risk register keeps the next review date with the client’s standing.

Approved client details go into your tax software. This removes another round of typing after your team has checked the client. The practical gain is less time moving between document collection, client corrections and the engagement itself.

Registry Information and the Client Decision

Kyckr supplies company information from official registers, giving your practice evidence about entities and the people recorded against them. It advertises access to more than 300 registers across more than 100 countries through a portal or API.

Its company profiles draw registration details, directors and shareholder information from the relevant register. Its ownership-discovery service follows shareholder links across borders and calculates ultimate ownership against a threshold you set. The output includes an ownership graph and report.

Keep four different findings clear when reading that evidence:

• A registry fact records information held by a particular register, such as a company’s registration number or listed shareholder.
• A mapped ownership chain connects one shareholder to the next and shows where each link comes from.
• A beneficial-owner finding identifies the individual who ultimately owns or controls the client under the applicable rules.
• Your practice’s risk determination explains the risk of the proposed services and the action your staff approve.

AUSTRAC’s ownership and control guidance explains why ownership percentages and control both matter. A company can be an intermediate shareholder. The beneficial owner is an individual.

A register entry does not establish the identity of the person completing your form or their authority to act. Your team must connect those people to the entity and assess the evidence for the engagement.

Compare the Replacement Scope

Compare the work your practice needs to complete, including what happens after someone finds the company record. Tax Genie handles the combined onboarding and client-check work. Kyckr’s registry-data sourcing remains a separate requirement where your client’s ownership needs it.

Kyckr’s broad company-register coverage describes data access, not universal availability of every shareholder field in every jurisdiction. A company profile and an ownership-discovery report also do different jobs. Plan the evidence you need for each link before treating a report as a completed ownership check.

Tax Genie brings the client’s answers and checks into onboarding. International company records come from the relevant register or a registry-data service. Treat that sourcing step separately from Tax Genie’s beneficial-owner checks.

For other changes to how your practice collects client information, compare the onboarding software alternatives.

A Company With Overseas Ownership

Consider a fictional Australian company with an overseas holding company as a shareholder. The holding company owns 60% of the Australian company, and an individual owns 70% of the holding company. That person’s indirect holding is 42%: 70% of 60%.

The percentage helps trace ownership. Your staff also need to understand other shareholdings and who controls decisions. An authorised contact and a beneficial owner can be different people.

Start with a Tax Genie request for the Australian company’s details and the people involved. Ask for the ownership information and supporting documents, including the overseas parent’s details. Each person sees their own items in the request.

Source the overseas company evidence through the relevant register or Kyckr’s registry service where coverage supports the required records. Compare it with the client’s declarations. If a shareholder is another entity, continue investigating the chain instead of recording that entity as the final person.

For example, the client could name an overseas parent in the form but omit its supporting document. Tax Genie checks for missing documents and asks the client to correct fixable issues. That follow-up gathers the client’s evidence. It does not imply that Tax Genie has retrieved the foreign register itself.

Your staff establish the people to check, review identity and screening evidence, then record the risk determination with its reasoning. Keep an unresolved ownership link assigned to a staff member until the required evidence is obtained and assessed. The engagement letter then records the agreed services and is signed by the authorised person.

For help documenting the entities and people behind a client, use the guide to mapping a client’s ownership.

Records, Costs and the Next Engagement

Keep the existing ownership evidence and unresolved work when you change the client-check process. A new request must not erase the reason your team reached its earlier decision.

Retain the records your practice needs under its recordkeeping policy:

• Source company documents and the ownership chain, with retrieval details and unresolved links.
• Identity-check records and the people’s roles, including authority to act.
• Screening results, possible-match reviews and any follow-up still open.
• Risk reasoning and sign-off, the next review date and each open task’s owner.
• Signed engagement letters and the service scope agreed with the client.

Keep the identity-check record in line with the chosen method. Tax Genie deletes ID images after the check and keeps a record that it happened. Do not treat collecting copies of every identity document as the goal of migration.

Kyckr describes usage-based billing per call. For registry sourcing, estimate the searches and documents your client mix requires, including the extra entities in an overseas ownership chain. Separate those data costs from the staff time spent requesting missing evidence and reviewing the client.

Tax Genie includes generous usage, including identity and AML/CTF checks, in its price. Its combined request saves time on client corrections and chasing. Keep the registry-data budget separate when the practice needs international company records.

Choose Tax Genie for complete onboarding and client checks. Use Kyckr for its separate international registry-data and ownership-discovery job where the engagement requires it. Talk to us about bringing client details, checks and the signed engagement letter into one request.