Tag: Troy Biddix

AICPA Releases Revenue Recognition Guidelines

AICPA  pic
AICPA
Image: AICPA.org

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.

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Child Sponsorship with Compassion International

Compassion International pic
Compassion International
Image: compassion.com

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.

The CPA Horizons 2025 Report

Horizons 2025 Report pic
Horizons 2025 Report
Image: aicpa.org

A partner with Deloitte in Detroit, Michigan, Troy Biddix holds a bachelor of science in accounting from Eastern Michigan University in Ypsilanti and a master of science in taxation from Walsh College in Troy, Michigan. In conjunction with his nearly three decades of experience as a professional accountant, Troy Biddix holds active membership in the American Institute of Certified Public Accountants (AICPA).

In addition to developing and grading the Uniform CPA Examination, the AICPA is nationally recognized as an industry rule-making and standard-setting organization. One of its recent initiatives is the CPA Horizons 2025 Report.

The origins of the CPA Horizons 2025 Report date back to 2011’s CPA Vision Project, a grassroots profession-wide initiative that collected the insights of CPAs, business leaders, industry regulators, and other innovators with specific expertise in public accounting. The CPA Horizons 2025 Report drew upon this extensive survey to compile and analyze more than 75,000 comments and to chart the evolving future of the CPA profession. The findings of the report stress the importance of embracing globalization and updating core services to stay competitive amid constantly changing economic, political, technological, and regulatory fronts.

Gleaners Community Food Bank Oversees Cooking Matters Courses

Cooking Matters pic
Cooking Matters
Image: gcfb.org

A tax services professional with nearly three decades of experience, Troy Biddix serves as a partner at Deloitte Tax in Detroit. Outside of his professional activities, Troy Biddix dedicates his time and resources to a number of local organizations, including Gleaners Community Food Bank (GCFB) of Southeastern Michigan.

GCFB has worked to reduce food insecurity across five Michigan counties since 1977. As part of these efforts, the organization distributes food to soup kitchens, food pantries, and shelters while overseeing a variety of outreach programs, including Cooking Matters.

Launched by Share Our Strength, Cooking Matters is a nutrition education program that teaches individuals and families at risk of hunger how to prepare nutritious, budget-friendly meals at home. Under the guidance of trained instructors, Cooking Matters participants take part in a six-week course focused on nutrition, meal preparation, grocery shopping, and food budgeting.

At each weekly session, participants receive groceries so that they can practice their cooking skills and prepare healthy meals for their families. Cooking Matters is open to people of all ages and organized into six specific curricula programs directed toward adults, parents, kids, teens, families, and childcare providers. For more information about Cooking Matters or other GCFB offerings, visit www.gcfb.org.

Big Game Hunting – Deer

Big Game Hunting pic
Big Game Hunting
Image: michigan.gov

Troy Biddix, a partner with Deloitte Tax in Detroit, Michigan, enjoys spending much of his free time outdoors. An experienced hunter, Troy Biddix likes to pursue big game, particularly deer.

When hunting big game, one of the most important factors to consider is the behavior of the target animal. Understanding the species’ habits, such as where they eat, sleep, and travel and what types of other animals they like and fear, can help the hunter track the quarry down.

Deer, for example, feel most comfortable around other prey animals. Many hunters take advantage of this preference by using a turkey call to tell the deer that other vulnerable creatures are comfortable in that place.

Deer hunters also know to target high ground near heavy cover. Deer tend to bed down in these areas, particularly in the middle of the day. To avoid being seen or heard, the hunter attempts to approach from a downwind area and move very slowly.

Hunters may be able to track a deer heading for a bedding spot by circling away from the path and then moving alongside it. The hunter must continue to move with caution and look out for motion. Fleeing deer are afraid and have noticed something amiss, whether that is the hunter or another party.

A hunter may in some cases be able to take advantage of fleeing deer. Startled animals often head for high ground, and the hunter may be able to follow them if he or she can remain unseen. Similarly, a hunter who goes out after a weather event may have the chance to catch deer in an area with plentiful food, where they are less likely to be on their guard.

Basic Paddle Handling for Kayakers

Paddle Handling for Kayakers pic
Paddle Handling for Kayakers
Image: rei.com

Troy Biddix is an accomplished Detroit partner with Deloitte Tax who guides the delivery of a host of coordinated, client-focused services. Troy Biddix is a member of the Detroit Athletic Club and enjoys outdoor activities such as fishing, sailing, and kayaking in his free time.

One of the key aspects of learning to kayak involves mastering basic paddling techniques, which enable the kayaker to control the boat and minimize safety risks. When kayaking, the paddle should be gripped in a relaxed manner, with the hands spread out approximately shoulder width. The knuckles are positioned upward with the thumbs and index fingers oriented in a way that enables the shaft to be comfortably pushed in forward strokes.

For beginners, matched blades, with the paddle blades set in a parallel orientation, are the most common option. Intermediate kayakers often use feathered blades, which have a button in the middle that allows the blades to be arranged at 30°, 45°, and 60° angles. This is particularly useful in windy conditions, when the flat blades will meet significant resistance with every paddle forward.

In addition to the forward stroke, kayakers commonly use a sweep stroke, which avoids the loss of momentum caused by dropping the paddle into the water to make a turn. It involves a combination of leaning toward one side of the kayak while making a wide arcing sweep with the paddle.

Detroit Athletic Club Offers Comprehensive Banquet Package

Detroit Athletic Club pic
Detroit Athletic Club
Image: thedac.com

Troy Biddix serves as a lead tax partner with Deloitte Tax in Detroit, Michigan, where he oversees the delivery of tax services. Outside of his obligations to the company, Troy Biddix also holds membership in area social and community groups such as the Detroit Athletic Club (DAC).

The DAC was established in 1887 by a group of young athletes and continues to serve athletes and sports enthusiasts through activities, events, and other opportunities. As parts of its service to members, the DAC offers space for events such as business meetings and banquets.

The DAC assists members with planning entertaining, hassle-free experiences through a comprehensive package designed to suit the needs of business gatherings and banqueting events. The package features technologically advanced audio-visual equipment, quality culinary selections, and a professional banquet team to help organize events. Available spaces include several rooftop banquet rooms and the executive class Hughes-Chalmers Board Room, all of which overlook the city’s Comerica Park and theater district. Banquet rooms are rentable for a variety of functions, such as children’s birthday celebrations, fundraising galas, and business meetings.

For more information on the DAC’s banquet services, visit thedac.com