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
Can I take out my 401k to buy a house and not pay taxes on it?... read on
- Answered byMichael Lim
I took a distribution from my 401k of $10 000 and I was given a 1099-R Form. Do I still pay tax... read on
- Answered byMichael Lim
Do legal expenses become part of the cost of an asset?... read on
- Answered byMichael Lim
Are Tax Exempt Municipal Bond Interest and Specified Private Activity Bond Interest subject to the AMT tax?... read on
- Answered byMichael Lim
How you would journalize someone giving you a deposit of furniture you loan them with the intention of them returning it and getting... read on
- Answered byMichael Lim
I am trying to do the accounting for my company and ran into an issue. I am using QuickBooks. I have... read on
- Answered byMichael Lim
If a gas station has tanks removed, is it considered a capital improvement?... read on
- Answered byMichael Lim
What's the best small business accounting software?... read on
- Answered byMichael Lim
What are the pros and cons for a company to take purchase discounts offered from suppliers?... read on
- Answered byMichael Lim
I am selling my home in California. I know that $250,000 is mine to keep, however, about $176,000 I believe is subject... read on
- Answered byMichael Lim
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