Wolters Kluwer is introducing generative AI to its tax and accounting suite. The company has also taken steps to dramatically reduce the possibility of error—the widely talked about hallucinations.

 Revenue for Thomson Tax and Accounting rose to $328 million for the first quarter ended March 31, an increase of 16 percent of $282 million over last year’s corresponding period.

The Internal Revenue Service plans to increase the number audits of the wealthiest taxpayers and business organizations. The IRS emphasized it will not increase rates for small businesses and taxpayers making less than $400,000.