This document how much does an enrolled agent make explains that you can obtain an Enrolled Agent designation in 1 of 2 ways. The first is by passing the Special Enrollment Examination (SEE), which has 3 parts. 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. 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. Offer more flexibility and greater access to management, giving individuals a greater say in the perks and fringe benefits available.
- Therefore, you should compare the average EA salaries across the United States to better understand how much you can make as an EA.
- Based on 36% of postings with advertised compensation, the median hourly salary for open positions for enrolled agents in the United States is about $32.
- Therefore, the ability to expand your client base beyond state borders is an advantage enrolled agents have over CPAs.
- Becoming an EA is one of the best investments you can make in your career as a tax preparer.
What is an enrolled agent’s salary?
For instance, the range for some posted jobs in these types of companies is between $60,000 and $85,000. Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. 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. 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.
Hourly Salary Range For Enrolled Agents In 2023
- The average enrolled agent salary has risen by $3,188 over the last ten years.
- 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.
- They prepare tax reports, ensure the accuracy of the company’s tax documents, and are responsible for handling any issues.
- But the fact that smaller firms have to specialize can be both a blessing and a curse for Enrolled Agents.
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. 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.
Enrolled Agent salaries by experience level
A similar analysis of job postings provides insight into advertised hourly salary for enrolled agents. Based on 36% of postings with advertised compensation, the median hourly salary for open positions for enrolled agents in the United States is about $32. We’ve also gathered advertised salaries from actual job postings to provide insight into what employers of enrolled agents are offering as compensation.
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. 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. 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.
How Much Do Enrolled Agents Make?
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. 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. Self-employed Enrolled Agents who operate their own accounting agencies can expect more earnings than their counterparts at large brokerages and corporations.
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. According to the BLS, the lowest earners for enrolled agents and related professions earned about $37,690 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $107,661 annually. Keep reading to learn more about how much enrolled agents can expect to make in the United States.
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. On the other hand, a small company that specializes in complex tax situations would really benefit from having one or two EAs on staff. Visit our other pages focused on salary and education for enrolled agents. As mentioned previously, the median salary for enrolled agents in the United States in 2023 was $58,531. Compare enrolled agent salaries for cities or states with the national average over time.
Therefore, the ability to expand your client base beyond state borders is an advantage enrolled agents have over CPAs. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for enrolled agents. The IRS designates EAs, but because they represent taxpayers before the IRS, Enrolled Agents cannot work there. However, some prefer to work for only one client or for a corporation or a smaller business. As you’ll see, each employment option for Enrolled Agents has its pros and cons. If you’re considering a career in accounting or finance, you may be curious about how much money Enrolled Agents make.
