Whether you’re seeking career advancement or educational success, Bryce Welker is the ultimate guide to help you get there. Unlike CPAs, enrolled agents become nationally certified, so they can practice in any state with the same certification. Big cities have more job opportunities and a larger pool of skilled workers, but they also typically have a higher cost of living, https://www.lineaorotortona.it/2024/11/22/accounting-equation-overview-formula-and-examples-3/ so location isn’t everything. If you dislike the cold and aren’t comfortable in a big city, you don’t have to live in New York or Chicago to make a living as an Enrolled Agent. They prepare tax reports, ensure the accuracy of the company’s tax documents, and are responsible for handling any issues.

Enrolled agent salary details

• The Enrolled Agent (EA) credential is a nationally recognized certification offered by the IRS for tax professionals.
• Tax preparers work with taxpayers to complete federal and state tax returns.
• For example, a small agency that specializes in escrow accounting may not need an Enrolled Agent.
• There is considerably more responsibility required for EAs in senior positions, which translates into the potential to earn a greater income.
• And, in addition to the standard background check, the IRS also investigates your personal tax history.
• However, how much an EA makes depends not only on having the designation, but also on several other factors.

The annual average salary for beginners could range from $30,000 to $50,000. If you look at it, it may not be much, but keep in mind that EAs have the potential to see a rapid pay hike as they acquire experience and specialize in tax areas. Both certified public accountants (CPAs) and enrolled enrolled agents salary agents (EAs) must adhere to strict ethical standards.

Enrolled agent salaries?

And, if you decide to work for a non-finance-related company as an Enrolled Agent, you can actually expect to earn a bit more. Typical salaries for accounting agencies were around the $50,000 mark. On the other hand, accounting jobs for enrolled agents at top corporations like Apple, Starbucks, FedEx, and GE typically pay between $60,000 to $80,000 per year.

Enrolled Agent salary: How much do EAs make?

One reason Enrolled Agent salaries across America are so widespread is that Enrolled Agents can hold various positions. Your education and experience level, Airbnb Accounting and Bookkeeping as well as any other certifications you hold, also affect the size of your Enrolled Agent salary. And another factor that makes a significant difference is the type of employer for whom you choose to work. Where you work is also a major factor in determining your Enrolled Agent salary.

• Lesser RequirementsCompared to the CPA credential, earning an EA designation is less strenuous.
• For instance, corporations rely on Enrolled Agents to advise them on policy, prepare taxes, and represent them in audits and other proceedings before the IRS.
• Managers are looking for new ideas and are prepared to provide the necessary on-the-job training to prepare new hires for success.
• According to the Treasury Department guidelines, you must have at least 5 years of active, continuous service in order to become an EA.
• They also work for some of the most well-respected corporations in the country.

In addition, the average enrolled agent salary at companies like Smoker Craft Boats and Independent Health are highly competitive. In addition to traditional accountants, a lot of mid-sized to large corporations benefit from hiring a full-time enrolled agent. Similar to having a corporate attorney, having an Enrolled Agent on staff helps many companies stay on top of their complex tax issues. For instance, corporations rely on Enrolled Agents to advise them on policy, prepare taxes, and represent them in audits and other proceedings before the IRS. As of 2024, over 86,000 public accounting firms existed in the United States.

Therefore, you should compare the average EA salaries across the United States to better understand how much you can make as an EA. Below, you’ll find Zip Recruiter’s average Enrolled Agent salaries. Start studying today with Surgent EA Review — the smartest way to pass the Enrolled Agent exam — start your free trial today. To become an enrolled agent, the IRS requires a few straightforward steps. According to Payscale.com, entry-level EAs generally begin with a salary of about $52,000 per year. Find a place you want to live or a firm you want to work for and then use the table below to inform your salary expectations.

While that number is large, most of those firms are small agencies that handle relatively few clients compared to the big competition. The largest firms in the country pull in billions of dollars in revenue annually and employ tens of thousands of people. On the other hand, the smallest successful brokers and agents typically see less than a million dollars come through their doors each year.

• The size of the company and the scope of your responsibilities also affect your earnings.
• One reason Enrolled Agent salaries across America are so widespread is that Enrolled Agents can hold various positions.
• Enrolled agent salaries at IDEMIA and Acuity Insurance are the highest-paying according to our most recent salary estimates.
• Overall, it usually takes at least eight years to become a certified public accountant due to the necessary requirements.
• Some larger organizations pay their entry-level Enrolled Agents more than smaller organizations pay experienced Enrolled Agents.
• Agents with more than 20 years of experience may see a pay raise up to $60,000 per year.

The most highly specialized Enrolled Agent probably isn’t going to be earning as much at a smaller organization as they could at a larger one. Some larger organizations pay their entry-level Enrolled Agents more than smaller organizations pay experienced Enrolled Agents. Large firms are willing and able to pay a premium to attract top talent. The larger the company, the higher the pay for a given role, and the better defined your career path will be. Another way to boost your salary and solidify your expertise is to become dual-certified. Compare enrolled agent salaries for cities or states with the national average over time.

Exam Prep

EAs prepare taxes, can stand in for you during an audit, and handle other business you may have with the IRS. Tax preparers work with taxpayers to complete federal and state tax returns. This job usually involves a busy season, with the highest workload occurring from December to mid-April. For those seeking a stable career and interested in tax law, the EA role offers job flexibility, solid pay, and a quick path to take. In-Demand ExpertiseThe world we live in now is becoming more and more virtual. The remote work trend means many professionals are looking for more flexible careers.