DEPC Meeting: One Big Beautiful Act & What It Means for Your Business
The Program:
Join Sorren’s tax experts, Buddy Newton, CPA, CVA and Michael Petersen, CPA, for an in-depth look at the One Big Beautiful Bill Act and how it reshapes the business and individual tax landscape for 2025 and beyond. This session will cover critical updates to depreciation, research deductions, and personal tax provisions designed to drive investment and simplify compliance. Attendees will gain actionable strategies to maximize deductions, plan ahead for expiring credits, and navigate new reporting requirements.
Whether you're a business owner or an advisor, this presentation will help you stay ahead of sweeping changes in federal and state tax policy.
Presented By:
Buddy Newton Jr., CPA, CVA is a Shareholder at Sorren CPAs, P.C., with extensive experience serving auto dealers, construction companies, real estate clients, and high-net-worth individuals. Since beginning his career in public accounting in 2008, Buddy has developed a reputation for delivering strategic tax guidance with clarity and practicality. His approach centers on translating complex financial situations into actionable solutions for business owners and advisors.
In addition to his tax expertise, Buddy provides business valuation services to support ownership transitions, succession planning, and transactional decision-making. He works with closely held companies ranging from early-stage startups to mature organizations with multi-state operations.
A committed member of the Colorado business community, Buddy has been recognized with industry honors including CFMA Rising Star (2022), NACVA® 40 Under Forty (2019), and Colorado Rising Star (2016). He also serves as Treasurer for the Home Front Military Network.
Outside of work, Buddy enjoys fishing, hiking, camping, hunting, and spending time outdoors with his family.
Education:
- Master of Science in Taxation — Northeastern University (D’Amore-McKim School of Business)
- Bachelor of Science in Business (Accounting) — University of Colorado, Colorado Springs
Designations & Memberships:
- Certified Public Accountant – Colorado
- Certified Valuation Analyst (CVA®)
- Member, Colorado Society of CPAs (COCPA)
- Treasurer, Home Front Military Network
Michael Petersen, CPA is a Senior Tax Manager at Sorren, specializing in estate planning, estate and gift taxation, and trust administration. With professional experience spanning both public and private accounting since 2009, Mike advises high-net-worth families and guides clients through major life transitions with clarity and confidence.
His prior work at a Fortune 500 bank honed his client-centered approach — particularly around generational wealth planning and tax-efficient strategies designed to preserve assets for future heirs. Known for his technical depth, Mike provides counsel on estate administration, probate support, wealth transfer strategies, charitable trusts, and complex compliance requirements.
Outside of the office, Mike enjoys traveling and exploring new wines.
Education:
- Master of Taxation — University of Denver
Designations & Associations:
- Certified Public Accountant (CPA)
- Member, American Institute of CPAs (AICPA)
- Member, Estate Planning Council of Colorado Springs
- Member, Probate Section – El Paso County Bar Association
The meeting begins with networking and breakfast at 7:30 a.m.
Members are invited to bring guests. Guests may attend their first meeting free of charge and for a $35 fee for subsequent meetings. Printed copies of the presentation will not be available at the meeting. If available, a copy of the presentation will be posted on the website.
You are invited to email our office manager, Stephanie Hill, at denverepc@gmail.com with any questions.
This presentation qualifies for CPE credit in Colorado.
Learning objectives: This program is intended to inform participants on Estate Planning Issues.
​Instructional delivery method: Live instructor
CPE credits: 1 (one) hour
Field of study: Estate Planning
Prerequisites: None
Program Level: Basic
Advance Preparation: None
Program Description:
Course Registration Requirements: Click Register Now on this page or email Stephanie Hill at stephanie@nonprofitadmin.com
Refund Policy: N/A, cost included in annual membership dues
Complaint Resolution Policy: Complaints regarding CPE programming can be submitted to DEPC, P.O. Box 370596, Denver, CO 80237 or to denverepc@gmail.com
