• Monday April 26, 2021

    Enrolled Agent Ultimate Salary Guide 2023

    enrolled agent salary

    Tax preparers work with taxpayers to complete federal and state tax returns. This job usually involves a busy season, with the highest workload occurring from December to mid-April. During tax season, these agents review and prepare tax returns for both individuals and businesses. Companies that want to attract and retain top people are prepared to pay a higher price. The wage range for a given position and the level of detail in the EA career path improves with business size. Tax specialists are critical for investment businesses in order to assist their customers in minimizing their tax bills.

    enrolled agent salary

    Having dedicated tax experts on staff may be advantageous for businesses of varying sizes. As with small CPA and public accounting businesses, larger firms often provide more job stability, higher compensation, and better benefits. What’s more, when an enrolled agent runs a small agency or brokerage that offers complete, specialized tax solutions for its clients, she can expand her earning potential even more. And, enrolled agent salaries are on the rise at larger firms and corporations, too. So, if you’re just starting out as an enrolled agent, you can expect to make somewhere between $30,000 and $40,000 annually.

    Enrolled Agent Salaries for Mid-Level

    Also, this perk is only available to individuals who have previously been successful in the assessment phase. Start studying today with Surgent EA Review — the smartest way to pass the Enrolled Agent exam — start your free trial today. Our job description management tool- JobArchitect streamlines your job description process.

    • Staff accountants are responsible for a wide range of accounting tasks, from preparing financial statements to ensuring compliance with applicable rules and regulations.
    • They are primarily in charge of defending their clients in cases involving tax appeals, tax audits, and tax collections as part of their regular business operations.
    • 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.
    • You may expect to make more money and have a clearer route to advancement with bigger companies.

    On the other hand, a small company that specializes in complex tax situations would really benefit from having one or two EAs on staff. 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. As of October 2021, the Bureau of Labor Statistics (BLS) recorded the national median salary for CPAs in the U.S. as $73,560.

    How Much Do Enrolled Agents Earn?

    Entry-level tax preparers make less, but can expect their salary to increase after gaining several years of experience, and gathering more clients. Becoming an enrolled agent can also provide a certain amount of career security. In the last few years, IRS examinations or audits have increased significantly.

    Given the current rising number of examinations, more citizens have found themselves in need of representation. To a large degree, the job of enrollment agents is actually recession proof. If the idea of protecting the rights of others appeals to you, this could be a great career option. 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.

    Popular Companies for Enrolled Agent (EA) Certifications

    When all of the factors are taken into account, the real salary of Enrolled Agents could end up being a little bit different from one another. Your prior employer’s size, the breadth of your duties, and the amount of experience you have all play a role in determining your income as an Enrolled Agent. The IRS will regard someone as a tax expert if they have passed their EA exam. They enrolled agent salary are primarily in charge of defending their clients in cases involving tax appeals, tax audits, and tax collections as part of their regular business operations. A smaller step, but still one in the direction of earning more for your expertise, is completing the Annual Filing Season Program. The AFSP is a yearly 15 to 18 hour continuing education program governed by the IRS.

    enrolled agent salary