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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


University of California (Santa Barbara) - Bachelor of Administration (BA) in Economics, Graduated with Honors

Question answered by Michael

What are the taxes involved on selling a home?... read on

I bought a condo in late 2004.This was my personal residence for 2005 & 2006. In early 2007, I bought a house which... read on

Do you have to pay capital gains tax off on the sale of a personal house?... read on

Will I have to pay taxes on selling a home we have owned for four years? Are there any ways to avoid... read on

If I move into my rental property for a year, buy it & then sell it, would I still have to pay capital... read on

I want to sell a rental income producing house and invest the sale proceeds into another more expensive rental income producing house. ... read on

How much can be deducted without listing items donated in kind to a charity?... read on

My husband put our son's $50,000 student loan on our home equity line of credit for a lower interest rate. Was... read on

Does exercising stock options automatically trigger Alternative Minimum Tax?... read on

Is it true that if you settle with your creditors (in order to remain in good credit standing to avoid filing for bankruptcy)... read on

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