Skilled in cross-border tax planning as well as corporate mergers and restructuring, Troy Biddix has provided tax-related services to clients in Detroit, Michigan, for over 30 years. A partner with Deloitte Tax, Troy Biddix is an avid fan of the University of Michigan football team.
After two consecutive 10-win seasons, the Michigan Wolverines finished the 2017 season with a relatively disappointing record of 8-4. However, the team already has high aspirations for next season, as it has secured the services of highly touted quarterback Shea Patterson.
A former five-star recruit out of high school, Patterson spent the past two seasons with Ole Miss University and recorded 23 touchdowns, 12 interceptions, and 3,139 passing yards in 10 games. He announced his decision to transfer to Michigan in December after visiting the Ann Arbor campus.
Patterson’s decision to transfer is a result of Ole Miss being hit with NCAA sanctions that included a ban from bowl games in 2018. The NCAA permitted the team’s seniors to transfer without being forced to sit out a season, but Patterson will only be a junior next year. However, he plans on petitioning for the right to play and believes the NCAA will grant his request.
If eligible to play, he should stabilize a position of weakness for Michigan: the team went through three quarterbacks in 2017 and ranked 112th in the nation with only 168 passing yards per game.
Based in Detroit, Michigan, Troy Biddix has served Deloitte Tax as a lead tax partner for more than two decades. An avid fan of college football, Troy Biddix enjoys following the Michigan State University (MSU) Spartans each season.
MSU faced a tough match against the Maryland Terrapins in their penultimate game of the 2017 college football season on November 18th. Amid rainy, snowy, and windy conditions, the team played a consistent game, scoring touchdowns in the first and second quarters and a field goal in the third quarter en route to a 17-7 victory.
Forced to rely on the running game due to the inclement weather, MSU gained an impressive 271 rushing yards, its second-highest amount in any game of the 2017 season. Running back LJ Scott rushed for nearly 150 of those yards and scored one of MSU’s two touchdowns, while MSU quarterback Brian Lewerke’s 25-yard run accounted for the team’s other touchdown. This decisive win for MSU came after a demoralizing 48-3 loss to Ohio State the previous week. However, the victory against Maryland helped MSU steady its position in the College Football Playoff (CFP) rankings.
The recipient of a bachelor’s degree in accounting from Eastern Michigan University, Troy Biddix draws upon 30 years of financial experience in his role as partner with Detroit’s Deloitte Tax. Beyond his professional responsibilities, Troy Biddix is a passionate fan of Michigan State University’s (MSU) football team.
As of the start of the 2017 season, 29 former MSU players were included on National Football League (NFL) rosters. Below are three of the most prominent players.
1. Le’Veon Bell – A second-round pick of the Pittsburgh Steelers in the 2013 NFL Draft, Bell is a two-time Pro Bowl running back who has 30 rushing touchdowns and five receiving touchdowns through 54 career games.
2. Kirk Cousins – Selected by the Washington Redskins in the fourth round of the 2012 NFL Draft, Cousins spent three seasons as MSU’s starting quarterback and threw for 64 touchdowns and 29 interceptions. He has a career win-loss record of 22-24-1 in the NFL to go along with 84 touchdowns and 45 interceptions.
3. Garrett Celek – A native of Cincinnati, Ohio, Celek is a six-year NFL veteran who has spent his entire career with the San Francisco 49ers. The tight end has caught 61 career passes, seven of which have been for touchdowns.
Since 1987, Troy Biddix has served as partner for Deloitte Tax found in Detroit, Michigan. Although he earned his undergraduate degree from Eastern Michigan University, Troy Biddix enjoys following college football at the University of Michigan.
In September 2017, the University of Michigan announced the inductees for its 2018 Hall of Fame class. The university established the Hall of Fame in 1978. In order to be nominated, student-athletes must be a NCAA champion or member of the school’s national championship team, Olympic medalist, All-American or all-conference, record holder, conference or NCAA conference player of the year, or professional champion.
The seven nominees will be honored at the school in the spring of 2018 and include the following:
– Mary (Fischbach) Jones for women’s swimming and diving became the university’s first female NCAA champion in 1988.
– Gil LaRose for men’s gymnastics earned the all-around crown, vault, and horizontal bar at the 1963 NCAA championship.
– Novard “Snip” Nalan for wrestling was a two-time NCAA champion in 1953 and 1954.
– Lisa (Larsen) Rainsberger for women’s track and field and cross country was a two-time All-American in cross country in 1981 and 1982.
– Marty Turco for ice hockey led the university to two NCAA titles in 1996 and 1998 and holds university records for career wins.
– MaliVai Washington for men’s tennis was named ITA National Player of the Year and Big Ten Athlete of the Year in 1989.
– Charles Woodson for football was the only primary defensive player of the year to win a Heisman Trophy.
A tax partner at Deloitte Tax in Detroit, Michigan, Troy Biddix has served the firm since 1987. In his free time, Troy Biddix enjoys traveling, spending time outdoors, and following sports. He cheers for local collegiate and professional teams, including the Detroit Tigers.
Detroit Tigers management added a promising prospect to the team’s farm system by acquiring pitcher Elvin Rodriguez from the Los Angeles Angels. Rodriguez comes to the Tigers as the remaining piece in a late-August trade deal that sent left fielder Justin Upton to the Angels.
Although he is just 19 years old, Rodrigues has played three minor league seasons with the Angels organization. Over his career, the six-foot-three, 160-pound right-hander out of the Dominican Republic has maintained a 2.91 ERA and posted 61 strikeouts in 68 innings of play.
Despite his lack of experience beyond Class A ball, the Tigers see the potential for Rodriguez to develop into a starting pitcher in the majors. With Detroit, he will likely spend a few years growing and developing his pitch rotation before he sees any big-league innings.
Serving as a partner with Deloitte Tax in Detroit, Michigan, since 1987, Troy Biddix is a 1994 taxation MS graduate of Walsh College. In addition to his day-to-day work, Troy Biddix is a longtime member of the American Institute of Certified Public Accountants (AICPA).
AICPA recently released a new online version of its Revenue Recognition Audit & Accounting Guide to help organizations prepare for comprehensive reviews of their finances. The guide is an all-encompassing resource that helps companies and nonprofits get a firm grasp on new accounting rules and standards as they relate to classifying revenue, as well as how the audit process for these sources works.
AICPA’s Industry Revenue Recognition Task Forces, Revenue Recognition Working Group, and Auditing Revenue Task Force were responsible for assembling the guide. It gives an overview of different revenue types and their recognition under Generally Accepted Accounting Principles, as well as examples of inappropriate revenue recognition. The guide also outlines key elements of the audit process, including the auditor’s responsibilities, mitigating risk, and other challenges.
As a lead tax partner with Deloitte Tax, Troy Biddix handles tax delivery services from the international company’s Detroit office. A member of professional groups such as the Michigan Association of Certified Public Accountants, Troy Biddix also supports various charitable organizations within his community and beyond. Among these is Compassion International, a Christ-centered ministry committed to holistic child development around the world.
Validated as effective by a decades-long research study, the child-sponsorship program from Compassion International has been shown to have a significant impact on the educational and employment outcomes of participating children. The program offers the opportunity for sponsors to change the life of a child living in extreme poverty by offering monthly financial support, as well as praying for and exchanging letters with the child. For an average of $25 to $45 a month, sponsors fund educational fees and school uniforms, as well as healthcare and supplements to protect against malnutrition. To learn more or to sign up to sponsor a waiting child, visit www.compassion.com.