Jeffrey G. Pannell
Contact
jpannell@clarknuber.com
425.454.4919
Numbers
13 Years as a Shareholder at Clark Nuber
1 Near-death experience from a "kelp attack" in Monterey, CA
1 Beautiful daughter with wife, Siri
Whether it's water skiing, golfing, scuba diving or attending sporting events, when he's not hard at work in the office, Jeff can be found outdoors. In fact, his enthusiasm for the outdoors contributed to a dangerous situation with a large kelp bed; he just narrowly survived a kelp attack. Who knew kelp was so vicious? Jeff's level-headed nature got him out alive and it keeps him at the top of his game as a shareholder in the firm's tax practice.
Jeff's experience is very well rounded and he currently works with and advises many of the firm's startup companies, as well as several of the firm's largest commercial and real estate clients. His role ranges from providing highly valued tax only consultation to becoming a fully fledged member of a client's advisory board. Jeff is also an Investment Adviser Representative for Clark Nuber P.S. and has in many cases acted as a "Personal CFO" for many high net worth families. His main practice also includes wealth management, mergers and acquisitions, and high end divorce/dissolution cases. Before joining the firm, Jeff was with Ernst & Young in San Jose, California assisting Silicon Valley technology clients and related high net worth individuals with their tax and wealth management issues
Summary
Practice Emphasis
- Wealth management services: for current or potential high net worth individuals. Private company wealth transfer techniques, income, cash flow and estate tax planning, stock options, family partnerships, private foundations.
- Commercial and real estate businesses and their owners: business and tax planning, succession planning, stock option consulting, compensation and employment contract consulting, cost segregation studies.
- High end divorce/dissolution consultation blending tax, business valuation, balance sheet and cash flow modeling.
- Mergers and acquisitions: performance of due diligence for both buyers and sellers and strategic discussion/negotiation of purchase price terms, and related issues.
Proven Results
- Provided sell-side merger and acquisition advice and counsel for a $75 million sale of a closely held business. Structured the transaction to achieve maximum capital gain tax treatment for the respective owners.
- Provided cost segregation service for a $100 million hotel expansion project saving the client over $3 million in tax.
- Assisted in designing numerous deferred compensation and stock option plans for family businesses and early stage technology related companies. Early exercise and filing of Section 83(b) elections has saved clients millions of dollars in tax liability.
- Formed a family partnership to gift stock to children utilizing various discount mechanisms. Tax savings to the client approximated $15 million.
- Gifted stock in a closely held telecommunications company prior to venture capital and mezzanine financing, saving the client $12 to $15 million in potential estate tax.
- Has become close personal friends with many of his clients - a great way to go.
Education
- Golden Gate University, M.S., Taxation, Magna Cum Laude
- Eastern Washington University, B.A., Business Administration, Magna Cum Laude
Activities
- American Institute of Certified Public Accountants
- California Society of Certified Public Accountants
- Washington Society of Certified Public Accountants
- An Investment Adviser Representative of Clark Nuber P.S.
- Former licensed Commercial Real Estate Agent