Jeffrey G. Pannell

Contact

jpannell@clarknuber.com
425.454.4919

Numbers

17 Years at Clark Nuber
1 Near-death experience from a “kelp attack” in Monterey, CA
½ Time he and wife, Siri, spend as surrogate parents to a German Shepherd

Whether it’s water skiing, golfing, scuba diving or just working around the yard, 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 is also a registered investment advisor, which makes him an integral part of our accounting business. He works with commercial businesses and their owners and high net worth individuals composing creative action-oriented solutions. His main practice is in wealth management and mergers and acquisitions.

Summary

Practice Emphasis

Commercial businesses and their owners: business and tax planning, succession planning, stock option consulting, compensation consulting, accounting services, cash flow planning, employment contracts
Wealth management services: for current or potential high net worth individuals. Private company wealth transfer techniques, income and estate tax planning, stock options, family partnerships, private foundations
Mergers and acquisitions: performance of due diligence for both buyers and sellers and negotiation of purchase price and related issues

Proven Results

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.
Verified that a client's investment met the definition of "Qualified Small Business Stock", allowing the client to defer $10 million of income tax liability.
Gifted stock in a closely held telecommunications company prior to venture capital financing, saving the client $12 to $15 million in potential estate tax.

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