EAs can also represent any tax matter, as well as appeal to any office of the IRS. What’s more, Enrolled Agents often fill the roles 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.
- And, Enrolled Agent salaries are on the rise at larger firms and corporations, too.
- Moving down to Southern California reveals EA salary numbers that are as sunny as the beaches.
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- In many cases, clients call upon the expertise of Enrolled Agents in complex tax situations where audits are likely.
In addition to preparing taxes and providing advice, Enrolled Agents have permission to act on behalf of their clients in any dealings with the IRS. If you’re thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for enrolled agents. The chart below provides a snapshot of advertised salaries over the past three years.
Average Enrolled Agent Salary
Of course, having your own agency also removes any limitations on your salary. Therefore, you should compare the average EA salaries across the United States to better understand how much you can make as an EA. Distinguish yourself as a knowledgeable accounting professional with advanced technical, research, and communication skills.
- As of 2024, over 86,000 public accounting firms existed in the United States.
- For instance, the range for some posted jobs in these types of companies is between $60,000 and $85,000.
- Enter into or advance within the rapidly growing accounting industry and prepare for professional certifications like the CPA.
Of course, the more experience you have, the more an employer will be willing to pay you. Consequently, entry-level positions start on the low end of these ranges, while senior positions claim the highest salaries. For example, in Phoenix, a senior tax consultant with an Enrolled Agent designation and over 5 years of relevant experience can earn over 6 figures at a regional firm.
Lowest Salary
Be sure to consider additional factors alongside salary when planning your professional path. 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. Gain a competitive edge in the tech-driven world of finance with Franklin’s M.S. Not only will you build advanced skills in data analytics, automation and information systems, you’ll earn industry-recognized certifications (and meet CPA hours) along the way.
The Best Adult Colleges and Careers Guide has compiled data for dozens of in-demand jobs. Explore our full catalog of occupation data by visiting the link below. The other way to become an Enrolled Agent is by having enough IRS experience. According to the Treasury Department guidelines, you must have at least 5 years of active, continuous service in order to become an EA.
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. One reason Enrolled Agent salaries across America are so widespread is that Enrolled Agents can hold various positions.
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Considering becoming an Enrolled Agent, but curious about the salary prospects? Take a look at our Enrolled Agent Salary Guide to get an idea about industry salary range. Master finance principles and develop all-inclusive corporate finance strategies for business firms and financial institutions.
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On average, CPAs do make more money (over $70,000 annually) than Enrolled Agents. But in the long term, corporate salary caps and geographical constraints often limit CPAs’ salaries. So, an Enrolled Agent in the right region who builds up a great interstate reputation and client base can certainly out-earn CPAs in the same area. Therefore, because the CPA is a state certification, not a federal one, a CPA may want to earn an Enrolled Agent designation as well to expand her credentials and earning potential. 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.
Steps to Earn the IRS Enrolled Agent Salary
Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for enrolled agents. If you don’t currently have the IRS experience to become an Enrolled Agent, you’ll need to pass the EA exam. The EA exam was designed to produce only the most qualified and competent enrolled agents. But fortunately, you can prepare to pass by utilizing an EA review course. And with affordable pricing, this investment in your future definitely pays off.
If you’re one of those people, and you’re curious what kind of salary enrolled agents make, you’ve come to the right place. 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. Well, according to Salary.com, the national average salary for an Enrolled Agent is just over $43,600. However, actual EA salaries may vary quite a bit (between $37,000 and almost $54,000) when you consider all the variables.
Keep reading to learn more about how much enrolled agents can how much does an enrolled agent make expect to make in the United States. Compare enrolled agent salaries for cities or states with the national average over time. The highest paying types of enrolled agents are insurance broker, licensed insurance producer, and insurance producer. An enrolled agent’s salary ranges from $22,000 a year at the 10th percentile to $54,000 at the 90th percentile. But the fact that smaller firms have to specialize can be both a blessing and a curse for Enrolled Agents. For example, a small agency that specializes in escrow accounting may not need an Enrolled Agent.
Annual Salary Range For Enrolled Agents In 2023
Enrolled agents in the United States typically have a wide salary range depending on experience, location, and the complexity of their work. Salaries at the higher end, around $81,000 or more, fall near the 75th percentile, reflecting more experienced professionals or those working in high-demand areas. This compensation reflects the specialized tax knowledge and certification that enrolled agents possess, making them valuable assets in tax preparation and representation. Chicago’s median salary for Enrolled Agents is actually lower than that of the rest of the country, according to Salary.com’s data.
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