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Are You Cheating On Your Spouse?

A recent survey reported that one-third of adults have committed financial infidelity against their spouse. Of those who said they’ve cheated, 30% hid cash, a purchase, a statement, or a bill, or even a bank account from their spouse. And 13% engaged in more significant deceptions, such as lying about how much they earned, or what they owed, or spent.

Prior to meeting with new tax and business planning clients, we request that the couple provide a detailed summary of their monthly personal spending. We know that there’s trouble brewing when, in reviewing the numbers together, one spouse responds: “where did these numbers come from?” or “these numbers aren’t even close!”

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The McGill Advisory is designed to provide accurate and authoritative information with regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If legal or accounting advice or other expert assistance is required, the services of a competent professional should be sought.

Copyright 2017 John K. McGill & Company, Inc. All Rights Reserved.