Debits and Credits Podcast

debitsandcreditspodcasts

Debits and Credits Podcast is a professional podcast presented by Haas and Dawe and hosted by Michael C. Haas, CPA. The show explores key issues at the intersection of taxes, real estate, and escrow, with a focus on California’s highly regulated environment. Through concise, educational episodes, listeners gain clarity on compliance, financial decision-making, and industry changes that impact escrow companies, business owners, and real estate professionals.

  1. 5d ago

    Ep. 18 - Unclaimed Property Laws: Understanding Escheatment, and Reporting Requirements For Dormant Funds

    In Episode 18 of Debits and Credits, Michael C. Haas, CPA discusses Unclaimed Property Laws and the responsibilities businesses have when handling dormant or abandoned funds. Michael explains the process of escheatment, the purpose of notice reports and remit reports, and how businesses must comply with state reporting requirements for inactive accounts and unclaimed property. This episode provides a practical overview of compliance obligations and why proper handling of unclaimed funds is important for businesses and escrow professionals alike. #UnclaimedProperty #Escheatment #NoticeReport #Remitreport #Escrow  #FinancialReporting #StateRegulations #DebitsAndCreditsPodca

    17 min

  2. May 26

    Ep 17 - Pass-Through Entity Tax (PTET) Explained: A Closer Look At Impacting Pass-Through Businesses and Their Owners

    In this episode of Debits and Credits, Michael C. Haas, CPA breaks down the Pass-Through Entity Tax (PTET) and how this state tax election may provide federal tax benefits for owners of pass-through businesses. Michael explains how PTET works, who may qualify, and why it has become an important tax planning strategy for partnerships and S corporations. #PTET #PassThroughEntityTax #TaxPlanning #BusinessTaxes #CPA #SALTCap #Accounting #DebitsAndCreditsPodcast

    11 min

  3. May 19

    Ep. 16 - Insurance every escrow company should consider: Understanding policies that protect escrow operations and client funds.

    In this episode of Debits and Credits, Michael C. Haas, CPA discusses the essential insurance coverage escrow companies should consider to help protect their business operations, client funds, and financial security. Topics include surety bonds, Errors & Omissions (E&O) insurance, cyber insurance, workers’ compensation coverage, and protections offered through the Escrow Agents’ Fidelity Corporation (EAFC). Michael explains how these policies and safeguards support compliance, risk management, and fraud prevention in today’s evolving escrow industry. #Escrow #Insurance #CyberInsurance #EOInsurance #SuretyBond #RiskManagement #Compliance #EAFC #TrustAccounting #DebitsAndCreditsPodcast

    12 min

  4. May 12

    Ep. 15 - Trust Accounting Best Practices: Protecting client funds through accuracy, compliance, and control.

    In this episode of Debits and Credits, Michael C. Haas, CPA discusses trust accounting best practices and the importance of internal controls in protecting client funds. Topics include trust account reconciliation requirements under California Code of Regulations § 1732.2, fraud prevention tools such as Positive Pay and Payee Positive Pay, and the role of manual control reviews in identifying errors and unauthorized transactions. Haas explains how strong accounting procedures and banking safeguards help escrow companies maintain compliance, accuracy, and financial security in today’s increasingly digital environment. #haasanddawe #TrustAccounting #Escrow #PositivePay #FraudPrevention #ClientFunds #Compliance #FinancialControls #Accounting #DebitsAndCreditsPodcas

    11 min

  5. May 5

    Ep. 14 - The Role of Trade Organizations In The Escrow Industry.

    In Episode 14 of Debits and Credits, Michael C. Haas, CPA highlights the importance of trade organizations in the escrow industry, including the American Escrow Association (AEA), Escrow Association of California (EAC), and California Escrow Association (CEA). Michael discusses how these organizations support escrow professionals through education, advocacy, and industry standards, while helping members stay informed on regulatory changes and best practices. This episode underscores the value of staying connected to professional organizations and the role they play in strengthening the industry as a whole. #Escrow #TradeAssociations #EscrowIndustry #RealEstate #Compliance #ProfessionalDevelopment #AEA #EAC #CEA #DebitsAndCreditsPodcast

    14 min

  6. Apr 28

    Ep. 13 - Compliance Update: New FinCEN Rules For Settlement Agents

    In this episode of Debits and Credits, Michael C. Haas, CPA breaks down a key FinCEN reporting update affecting settlement agents nationwide. He explains the new requirements for reporting buyers in all-cash real estate transactions, including seller carry-backs and hard-money loans, and how these rules aim to monitor potential money laundering. Originally set for December 1, 2025 and deferred to March 1, 2026, the rule has been temporarily vacated by a U.S. District Court in Eastern Texas, suspending reporting for now. Disclaimer: Consult your legal counsel regarding how this may impact your business. #FinCEN #RealEstate #Escrow #Compliance #MoneyLaundering

    9 min

  7. Apr 21

    Ep. 12 - Lease Accounting Part III: Understanding Finance and Variable Leases

    In this episode of Debits and Credits, Michael C. Haas, CPA breaks down the key differences between finance leases and variable leases, how lease agreements function as contracts, and how lease payments are recorded on the balance sheet. Michael explains how certain leases are treated like purchases, how variable payments impact reporting, and what businesses need to understand for accurate financial reporting and compliance. #LeaseAccounting #FinanceLease #VariableLease #ASC842 #GAAP #AccountingStandards #FinancialReporting #CPA #DebitsAndCreditsPodcast

    16 min

  8. Apr 14

    EP. 11 - Lease Accounting Part II: Office Leases Under Section 17210

    In Episode 11 of Debits and Credits, Michael C. Haas, CPA takes a closer look at how office leases are treated under GAAP and the requirements of California Financial Code § 17210. This episode breaks down how lease obligations are reported under ASC 842, what qualifies as an office lease, and how Section 17210 impacts escrow companies and their financial requirements. Michael explains key compliance considerations, common issues, and how businesses can properly structure and report lease agreements. #LeaseAccounting #ASC842 #GAAP #FASB #Section17210 #Escrow #FinancialReporting #AccountingStandards #CPA #DebitsAndCreditsPodcast

    8 min
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About

Debits and Credits Podcast is a professional podcast presented by Haas and Dawe and hosted by Michael C. Haas, CPA. The show explores key issues at the intersection of taxes, real estate, and escrow, with a focus on California’s highly regulated environment. Through concise, educational episodes, listeners gain clarity on compliance, financial decision-making, and industry changes that impact escrow companies, business owners, and real estate professionals.

Information

  • Creator
    debitsandcreditspodcasts
  • Years Active
    2K
  • Episodes
    18
  • Rating
    Clean
  • Copyright
    © Copyright 2026 All rights reserved.
  • Show Website
    Debits and Credits Podcast