A mid-level enrolled agent with between five and 10 years of experience can generally expect to earn an average salary of $50,000. If you’re planning to start your own book of business, then earning the enrolled agent designation is a great way to differentiate yourself from the bulk of your competitors. As an enrolled agent, you can provide services to your clients that other CPAs, bookkeepers, and finance professionals can’t. In New York City, the average salary for an enrolled agent is above the national average, with NY EAs making $62,423 on average. Additionally, a cursory glance at Boston EA jobs reveals that salaries range anywhere from $50,316 and $70,142. Elsewhere in the region, such as Baltimore, the majority of the enrolled agent positions pay between $45,908 and $63,998 per year.
Your education and experience level, 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. In the Pacific Northwest, where tech and trees reign, Seattle enrolled agents earn anywhere from $49,275 and $68,692.
How much do Enrolled Agents make compared to the Average Tax Preparer?
Mid-level enrolled agents typically earn between $52,000 after 1-2 years of work experience. The average enrolled agent salary has risen by $3,188 over the last ten years. In 2014, the average enrolled agent earned $31,983 annually, but today, they earn $35,171 a year. http://jewukr.org/observer/jo15_34/p1201_e.html That works out to a 4% change in pay for enrolled agents over the last decade. Enrolled agent salaries typically range between $22,000 and $54,000 yearly. In addition to traditional accountants, a lot of mid-sized to large corporations benefit from hiring a full-time enrolled agent.
Wage gap by gender, race and education
The benefits you’ll gain from earning the EA designation will far outweigh the cost of taking the EA exam. In addition to the salary benefits, you’ll also enjoy increased representation rights http://hitmind.ru/2208-reno-kaptur-komplektatsii.html so you can expand your client base and the services you can offer. Plus, the EA designation signals a high level of expertise that will cement your status as a valuable expert on tax topics. A senior-level enrolled agent with between 10 and 20 years of experience can typically expect to earn an average salary of $55,000. Agents with more than 20 years of experience may see a pay raise up to $60,000 per year.
History and background of EA credentials
Take a look at our Enrolled Agent Salary Guide to get an idea about industry salary range. Ken has gained a wealth of business experience through his previous employment as a CPA, Auditor, Tax Preparer and College Professor. Today, Ken continues to use those finely tuned skills to educate students as a professional writer and teacher. Certified public accountants do generally have more job opportunities due to the fact that they can work for private individuals, in the private sector, or for the government. 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.
Steps to Earn the IRS Enrolled Agent Salary
Working as an enrolled agent at one of the larger national tax firms won’t necessarily earn you as much as you might make at a more specialized regional or local brokerage. The big chains pay their more experienced enrolled agents between $20 and $30 per hour on average, which comes to between $40,000 and $50,000 annually. For instance, the range for some posted jobs in these types of companies is between $60,000 and $85,000. Chicago’s median salary for enrolled agents is actually lower than that of the rest of the country, according to Payscale’s data.
Highest paying industries for enrolled agents
However, San Francisco residents in enrolled agent positions earn a median income of $66,408, which is well above the national number. Of jobs posted in the city by the bay, nearly half pay above $125,000 annually. Moving down to Southern California reveals EA salary numbers that are as sunny as the beaches. Enrolled agent salary numbers in Los Angeles show that about half of the jobs available pay in the six-figure range. And finally, salary numbers for enrolled agent jobs in San Diego range from $48,192 and $67,183.
Therefore, the EA salary range in that city is a little lower, with the average salary about $51,560. Unlike other non-enrolled tax professionals, an enrolled agent has special permission to perform legal services that other tax professionals cannot. The main service that distinguishes an enrolled agent from others is the ability to represent taxpayers.
Start studying today with Surgent EA Review — the smartest way to pass the Enrolled Agent exam — start your free trial today. Once you click “continue,” you will be brought to a third-party website. Please be aware, the privacy policy may differ on the third-party website. Adtalem Global Education is not responsible for the security, contents and accuracy of any information provided on the third-party website. Note that the website may still be a third-party website even the format is similar to the Becker.com website.
Job Tasks For Enrolled Agents
- The average Enrolled Agent salary is approximately $52,000 annually, as compared to CPAs, who earn an average of approximately $70,000 a year.
- During tax season, these agents review and prepare tax returns for both individuals and businesses.
- Compare enrolled agent salaries for cities or states with the national average over time.
- As of 2023, over 46,000 public accounting firms existed in the United States.
- Of course, having your own agency also removes any limitations on your salary.
This exam covers auditing and attestation, business environment and concepts, financial accounting and reporting, and regulation. Overall, it usually takes at least eight years to become a certified public accountant due to the necessary requirements. In some states, candidates must also work a certain number of hours under the direction of a CPA prior to being allowed to sit for the exam. Enrolled Agents are essential to making sure that individuals and businesses have an advocate in issues with the IRS and can successfully navigate complex federal taxes.
Experience the Surgent Difference
The ideal candidate to be an enrolled agent is someone who is detail oriented and enjoys delving into the continually changing nature of tax laws. Individuals who are considering becoming enrolled agents should enjoy working with people and have high ethical standards. After you pass your test but before you begin your Enrolled Agent career, you must also receive a background check. In addition to looking at criminal history, such as the presence of felony convictions, the IRS also considers your tax compliance history when reviewing your candidacy.
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. The biggest step you can take to increase your salary as a tax preparer is to become an Enrolled Agent. As of October 2021, the Bureau of Labor Statistics (BLS) recorded the national median salary for CPAs in the U.S. as https://warheroes.ru/hero/hero.asp?Hero_id=16267 $73,560.
