Best accounts year end date for tax simplification....help

hushbaby
hushbaby Settling In NicelyRegistered Posts: 21
Hi everyone

I'm a full member though I did my tax exams a while back. I've just set up my website http://www.hushbaby.co.uk selling organic baby clothes & accessories online. I intend to do the company accounts myself.

Just wondering, because I incorporated my company in mid December 2007 what would be the best year end date to make my tax calculation as simple as possible?

Also please advice on how tax is assessed in the first year or 2 of trading.

Any advice will be greatly apreciated.
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