As per information provided by the Bureau of Labor Statistics (BLS), the median salary for CPAs stands at $78,000. Start studying today with Surgent EA Review — the smartest way to pass the Enrolled Agent exam — start your free trial today. It’s really a personal choice what size https://www.bookstime.com/ company you want to work for, but you should consider benefits that can affect your quality of life. They handle balancing the budget and must use budgeting and auditing software programs. Our job description management tool- JobArchitect streamlines your job description process.
- Earning an EA confirms to clients the tax knowledge that you have, and keeps you up to date every year on any changes in taxation.
- EAs are federally authorized to represent taxpayers before the IRS and have unlimited representation rights.
- 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.
- Entry-level tax preparers make less, but can expect their salary to increase after gaining several years of experience, and gathering more clients.
- The size of the company and the scope of your responsibilities also affect your earnings.
- However, actual EA salaries may vary quite a bit when you consider all the variables.
How much do Enrolled Agents make compared to the Average Tax Preparer?
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. According to Indeed.com, over half of the enrolled agent jobs in Atlanta pay more than 6 figures.
Highest paying cities for enrolled agents
Because enrolled agents have the authority to represent clients before the IRS, they can fulfill a more specialized niche than non-enrolled tax preparers and accountants. Therefore, while CPAs do earn more on average than enrolled agents in the short run, the potential for earnings over the span of a career can be higher for enrolled agents. The IRS designates EAs, but because they represent taxpayers before the IRS, enrolled agents cannot work there.
Average enrolled agent salary by state
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. If you’re considering a career in accounting or finance, you may be curious about how much money enrolled agents make. They also work for some of the most well-respected corporations in the country. So, to determine how lucrative a career as an enrolled agent can be, use this information to learn more about the enrolled agent salary. 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.
- In the Pacific Northwest, where tech and trees reign, Seattle enrolled agents earn anywhere from $49,275 and $68,692.
- Unlike other non-enrolled tax professionals, an enrolled agent has special permission to perform legal services that other tax professionals cannot.
- Completing the AFSP is not nearly as comprehensive as receiving an Enrolled Agent designation, and you do not have as many rights as an EA.
- In the right area, and with the right book of business, an enrolled agent can do quite well working in self-employment.
- The main service that distinguishes an enrolled agent from others is the ability to represent taxpayers.
On the other hand, the smallest successful brokers and agents typically see less than a million dollars come through their doors each year. 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.
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We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings. 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.
Highest paying enrolled agent jobs
However, actual EA salaries may vary quite a bit when you consider all the variables. For example, your years of experience as a tax professional will help you earn more. The size of the company and the scope of your responsibilities also affect your earnings. enrolled agent salary 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.
