MICHAEL LIM
128
Answer
ABOUT EXPERT MICHAEL LIM
Statement
My name is Michael Lim, and I am a CPA who started his own practice in 2003. I started my career at KPMG, LLP in the Los Angeles office. After KPMG, I went to work at YUM! Brands (parent company of Taco Bell, Pizza Hut, and KFC), where I got involved in M&A work. I worked on several really interesting long term projects that involved franchising, real estate, contract law, and valuations on the buy and sell sides. Once my time at YUM! Brands ended, I was offered a chance to start my own tax and consulting practice. After 6 years of self-employment, I think I may be getting the hang of things. The name of my practice is called Semaphore Tax Strategies, and is based in Irvine, CA. Most of my client base is self-employed, or have small businesses, since there is much more opportunity for adding value with these clients.
Professional Licenses
Certified Public Accountant (CPA) California License #79338
16 Years of Work Experience
Education
University of California (Santa Barbara) - Bachelor of Administration (BA) in Economics, Graduated with Honors
For annual expenses such as liability insurance can it be divided by 12 and then expensed monthly?... read on
- Answered byMichael Lim
We just changed our QuickBooks from 2008 to 2010. When we go to reconcile our bank account, the beginning balance comes up... read on
- Answered byMichael Lim
What happens if someone writes you a bad check and you deposit it into your account and then close the account before the... read on
- Answered byMichael Lim
If I withdraw money from my 401k, may I avoid taxation if I use it for a special needs trust for my son?... read on
- Answered byMichael Lim
I want to cash in my stock to purchase a house. Do I have to pay tax on it?... read on
- Answered byMichael Lim
I am single and have owned and lived in my home for the last 10 years. I purchased it for $180,000 and am... read on
- Answered byMichael Lim
I just sold my nail salon. Basically, I sold the equipment. How do I figure out how much taxes I owe... read on
- Answered byMichael Lim
As an LLC owner, am I required to take a distribution instead of taking a salary as compensation?... read on
- Answered byMichael Lim
Can you give gift cards in lieu of wages and not include it on a 1099?... read on
- Answered byMichael Lim
If you pay for a plane ticket to do non-profit charity work in 2009 but the work will not be completed until the... read on
- Answered byMichael Lim
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