Enrolled Agent Salary April 2024

In addition to preparing taxes and providing advice, enrolled agents have permission to act on behalf of their clients in any and all dealings with the IRS. A mid-level enrolled agent with between five and 10 years of experience can generally expect to earn an average salary of $50,000. Enrolled Agent (or EA) is a tax advisor who is a federally authorized tax practitioner empowered by the U.S.

• He shares his knowledge on Forbes, Inc.com, and Entreprenuer.com, empowering readers to boost their careers.
• When it comes to jobs in accounting and finance, many people consider becoming CPAs, while few think about the option of becoming enrolled agents.
• With the new designation, enrolled agents were given the ability to represent citizens and prepare claims.
• The AFSP is a yearly 15 to 18 hour continuing education program governed by the IRS.

What’s more, enrolled agents often fill the role of both tax accountant and tax attorney. In many cases, clients call upon the expertise of enrolled agents in complex tax situations where audits are likely. So, as the tax preparer, an enrolled agent is the most qualified to explain and defend the choices made during preparation. Enrolled agent salaries at IDEMIA and Acuity Insurance are the highest-paying according to our most recent salary estimates. In addition, the average enrolled agent salary at companies like Smoker Craft Boats and Independent Health are highly competitive.

The Salary Difference Between Accounting and Bookkeeping

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. 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. They prepare tax reports, ensure the accuracy of the company’s tax documents, and are responsible for handling any issues.

Enrolled Agent Salaries for Mid-Level

According to the 2024 Robert Half Salary Guide, hiring trends in accounting and finance continue to favor the job candidate. Firms are looking to fill entry-level positions, so recent accounting grads and young professionals are in a great position to get their first accounting job. Firms are especially interested in candidates with technology skills that can be applied to growing areas like cloud systems and data analysis. Managers are looking for new ideas and are prepared to provide the necessary on-the-job training to prepare new hires for success. This is a great time to go into accounting, and becoming an Enrolled Agent will help you land an even bigger starting salary than you could without it.

After passing the exam and paying the necessary enrollment fee, candidates will then be required to pass a compliance check to ensure they have paid all their taxes. EA candidates are not allowed to have any outstanding tax liabilities. Candidates who have a sufficient amount of work experience, according to IRS guidelines, may not even be required to take the exam.

Common Enrolled Agent salary ranges in the United States

With his help, countless students and professionals have passed certification exams and achieved their dreams. Whether you’re seeking career advancement or educational success, Bryce Welker is the ultimate guide to help you get there. During tax season, these agents review and prepare tax returns for both individuals and businesses. Unlike CPAs, enrolled agents become nationally certified, so they can practice in any state with the same certification. The average https://www.bookstime.com/ in The United States is $56,000 per year.

• Chicago’s median salary for enrolled agents is actually lower than that of the rest of the country, according to Payscale’s data.
• If you don’t currently have the IRS experience to become an enrolled agent, you’ll need to pass the EA exam.
• A mid-level enrolled agent with between five and 10 years of experience can generally expect to earn an average salary of $50,000.
• Becoming an EA is one of the best investments you can make in your career as a tax preparer.

Our job description management tool- JobArchitect streamlines your job description process. 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. This in turn makes you a more popular choice compared to your peers when it comes to a potential client looking for a tax professional. Pay ranges for people with an Enrolled Agent (EA) certification by employer. It’s really a personal choice what size company you want to work for, but you should consider benefits that can affect your quality of life. Offer more flexibility and greater access to management, giving individuals a greater say in the perks and fringe benefits available.

What does an Enrolled Agent do?

And while they say everything’s bigger in Texas, this statement doesn’t necessarily hold true for Dallas enrolled agent salaries. But the average EA salary in Dallas is jobs posted in the area pay between $44,367 and $61,850 annually. Both certified public accountants (CPAs) and enrolled agents enrolled agent salary (EAs) must adhere to strict ethical standards. Among the differences between these two careers is that certified public accountants are regulated at the state level. In order to become a certified public accountant, candidates are required to complete a minimum of 150 undergraduate hours.

So, having one person serve as both their tax preparer and their tax attorney appeals to these clients quite a lot. Additionally, clients often prefer to work with a single individual or a small team for the sake of efficiency. Therefore, as with the lion’s share of the small accounting agencies out there, specialization is key.