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Every year on 1st July, India celebrates Chartered Accountants Day, marking the establishment of the Institute of Chartered Accountants of India (ICAI) in 1949. This occasion honours the dedication, expertise, and ethical values of Chartered Accountants who contribute significantly to the financial health of individuals, businesses, and the nation. Chartered Accountants are more than financial professionals—they are trusted advisors

1. Plan for Taxes All Year Round Many new entrepreneurs think of tax time as something that happens once a year, but that’s a mistake. As a business owner, you need to make quarterly estimated tax payments, file sales, and payroll tax returns, and possibly issue W-2s and 1099s to employees and contractors. Estimated quarterly