By Nicole DeRosa, CPA, MAcc, Senior Tax Manager Up until recently, you probably thought of “little” or (literally) “zero” when the word nil was used in a sentence. Over the past couple of months, however, the definition of this word has evolved into something much more meaningful. The term “NIL” is an acronym that stands for “name, image, and likeness” and is now the center of attention for college sports.
So why all the hype?
On July 1st, various state laws coupled with...