Self-employed Enrolled Agents who operate their own accounting agencies can expect more earnings than their counterparts at large brokerages and corporations. At a median of over $53,000, the salary for an independent Enrolled Agent is not bad. Furthermore, when you consider the lack of an upper limit on your earning potential, the idea of self-employment becomes very attractive. In the right area, and with the right book of business, an Enrolled Agent can do quite well working in self-employment.
Entry-level salaries for EA agents
- According to the 2024 Robert Half Salary Guide, hiring trends in accounting and finance continue to favor the job candidate.
- In New York City, the average salary for an Enrolled Agent is above the national average, with NY EAs making over $51,000 on average.
- On the other hand, a small company that specializes in complex tax situations would really benefit from having one or two EAs on staff.
- The lowest average enrolled agent salary states are Virginia, Tennessee, and West Virginia.
- The enrolled agent course offers a wide range of services to clients, quite close to the level of a Certified Public Accountant (CPA) and lawyer.
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. EA salary potential is influenced by various factors including experience, role, and location. While EAs may not command the same salaries as CPAs, their specialized tax law expertise is highly valuable in today’s complex financial landscape.
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An enrolled agent’s salary ranges from $22,000 a year at the 10th percentile to $54,000 at the 90th percentile. The average enrolled agent salary in Alaska, Wisconsin, and Washington are the highest trial balance in the U.S. The lowest average enrolled agent salary states are Virginia, Tennessee, and West Virginia. Enrolled agent salary is impacted by location, education, and experience.
📆 Date: 22-23 Mar, 2025🕛 Time: 8:30-11:30 AM EST📍 Venue: OnlineInstructor: Dheeraj Vaidya, CFA, FRM
Becoming an Enrolled Agent can be a rewarding career choice, offering job security, flexibility, professional growth, and competitive compensation. As a professional in the field of taxation, becoming an Enrolled Agent (EA) can be a lucrative career choice. In this article, we will delve into the world of EAs and explore the average salary range, factors that affect their income, and the benefits of becoming an EA. The job levels for enrolled agent status are entry, mid-level, and senior level.
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. Certified Bookkeeper Office managers oversee several ongoing projects at once and work with staff to ensure that operations run smoothly. They must stay up to date on a wide variety of projects and report directly to higher-level executives. Especially in organizations that employ many tax experts, having an office manager with tax expertise is incredibly valuable.
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Additionally, because Enrolled Agents are federally designated, they can work in any state in the country. And, with the increased convenience and reliability of telecommuting technology, a small firm can serve clients nationwide. For example, a small Enrolled Agent-run firm in rural Nevada could expertly serve clients in New York, California, or Alabama. Therefore, the ability to expand your client base beyond state borders is an advantage enrolled agents have over CPAs.
Start studying today with Surgent EA Review — the smartest way to pass the Enrolled Agent exam — start your free trial today. If you find any accessibility or functionality issues while browsing the Dallas College website, please take a moment to notify us through the Website Accessibility Request Form. Finally, after passing the exams, the candidate can apply for the enrolment and pay the fee online. They need to download Form 23, which is the application for getting permission to practice before the IRS.
Annual Salary for Enrolled Agents
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for enrolled agents over the next 10 years. Once you get your first job, experience starts to include actual time working in the industry and your accomplishments at work.