In 2014, the average enrolled agent earned $31,983 annually, but today, they earn $35,171 a year. 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. The IRS designates EAs, but because they represent taxpayers before the IRS, enrolled agents cannot work there.
What is the average Enrolled Agent salary?
It’s advisable to research local salary trends for a more accurate understanding of earning potential in a specific area. While precise figures may vary, understanding these elements can provide insight into potential earnings. The most highly specialized Enrolled Agent probably isn’t going to be earning as much at a smaller organization as they could at a larger one. Some larger organizations pay their entry-level Enrolled Agents more than smaller organizations pay experienced Enrolled Agents. They prepare tax reports, ensure the accuracy of the company’s tax documents, and are responsible for handling any issues. They must stay up to date on relevant tax laws and often communicate across departments to ensure the entire firm is complying with accounting procedures.
What is a tax specialist?
However, they do not require the permission of the state board or any license from them to operate. While salary is an important consideration, the EA role offers distinct advantages. EAs provide specialized tax expertise that is essential for individuals and businesses navigating complex tax situations. This expertise, while potentially commanding lower salaries than the broader CPA role, remains highly valuable in the financial services sector.
Recently added enrolled agent salaries
This growth equates to over 130,800 job openings being available on average each year within this period 9. Along with details regarding how to gain the enrolled agent status, it is equally important to have a clear idea about the salary structure. Since this option is gaining a lot of value as a career choice, candidates need to remain updated about the continuously changing legal and taxation landscape globally. However, salary will depend on the type and years of experience and also the location of their job. For instance, in California, the salary will be comparatively higher than any other location in the US. According to the 2024 Robert Half Salary Guide, hiring trends in accounting and finance continue to favor the job candidate.
- Yet, in the mile-high city, over half of the EA salary figures posted are above $112,000 annually.
- What’s more, the median pay for enrolled agents in Denver is in line with the U.S. median at almost $54,000.
- However, even after clearing the above, the agent must renew their status every three years.
- This flexibility allows EAs to simultaneously engage in various roles, potentially increasing overall income.
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. 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.
However, individual circumstances may lead to variations in actual compensation. For example, many small to mid-sized businesses prefer to outsource their accounting. So, having one person serve as both their tax preparer and their tax attorney appeals to these clients quite a lot. Additionally, clients often prefer to work with a single individual or a small team for the sake of efficiency.
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But the average EA salary in Dallas is jobs posted in the area pay between $44,367 and $61,850 annually. Tax specialists can include certified public accountants (CPAs) with a tax specialization, tax attorneys, enrolled agents (EAs), and other professionals with specific tax expertise. When dealing with complex tax matters, it’s important to consult with a qualified tax specialist to ensure compliance and optimize your tax situation. The job levels for enrolled agent status are entry, mid-level, and senior level. https://www.pinterest.com/gordonmware/make-money-online/ Entry-level candidates, who are mainly practitioners, may earn around $52,000 annually, and focus primarily on tax returns. The mid-level professionals may earn a little more than the above, which may again go up to $80,000 per year.
As of January 01, 2025, the average annual salary for an Enrolled Agent in the United States is $43,407. Salary.com reports that pay typically ranges from $40,052 to $48,726, with most professionals earning between $36,998 and $53,569. According to the BLS, similar roles, such as accountants and auditors, expect job growth of about 6 percent from 2023 to 2033. The best estimate for job growth for tax specialists is around this same level, which is on par with What is partnership accounting the average for all occupations nationwide.
Once you get your first job, experience starts to include actual time working in the industry and your accomplishments at work. 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.
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