Jeffrey G. Pannell
Contact
jpannell@clarknuber.com
425.454.4919
Numbers
19 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 representative of Clark Nuber P.S. - a registered investment adviser, which makes him an integral part of our accounting business. He works with commercial and real estate businesses along with assisting clients and their families achieve financial independence and high net worth individuals composing creative action-oriented solutions. His main practice is in wealth management, mergers and acquisitions, and acting as a business adviser for both business owners as well as individual clients.
Summary
Practice Emphasis
- Commercial and real estate businesses and their owners: business and tax planning, succession planning, stock option consulting, compensation consulting, accounting services, cost segregation studies, 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
- 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 held 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 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
- A registered investment representative of Clark Nuber P.S. - a registered investment adviser