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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

Is Taxact or TurboTax a recommended online tax software company? How does it compare to a tax preparer?... read on

I have just received my Social Security number, can I amend my 2009 tax return that was filed under my TIN?... read on

If someone gives me a gift of over $1,000,000 will I have to pay income tax on that gift or any other tax... read on

On July 1, we sold $735 worth of goods to Lennon Goods plus $53.50 worth of sales tax with payment terms of net... read on

A small business buys (rather than leases) a new car for exclusive use in the business. What is tax deductible?... read on

How much do I pay in capital gains in Washington State on proceeds from a house?... read on

We recently changed our QuickBooks program. When we reconcile our bank account to the beginning balance in QuickBooks, the bank balances are all... read on

I received a 1099 from a company that I provided business consulting services to for this year. They had provided me with a... read on

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