I took up a redundancy offer in early December 2018. But I still needed to make some money for the family, so after papa died, I thought to myself, why not start up my own small business and I could have mamma working with me, and we could share that lovely time together. Mamma is the best cook.   My residence is my working base and I start work from the moment I leave my driveway, until I return home, so that is very convenient. So, I rang some lawyers and they recommended to me after considering the partnership, trust and company structures and my personal circumstances including my ambitions, that I should set up a Small Business Entity in the form of a trust, and register the bus in my name as trustee of the trust. The lawyers provided me a standard discretionary trust deed that created the trust and their advice cost me $1,900 in their invoice dated 25 June 2019, although it was 2 weeks before I got around to paying it.

Please provide journal entry and legislation and common tax ruling