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 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.
Overview of the Enrolled Agent Certification
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. And with affordable pricing, this investment in your future definitely pays off. So, use our comparisons of the best EA review courses to find the right EA course for you, and use our EA discounts to save on your preferred exam prep. 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.
Enrolled Agent Levels
They handle balancing the budget and must use budgeting and auditing software programs. If you take an average of all three parts, the most current Enrolled Agent exam pass rate for the past yearly window is 66%. For a more detailed view of each part’s pass rate by testing window, check out our Enrolled Agent Exam Pass Rates page.
- The Enrolled Agent credential expands a tax professional’s career horizons, granting benefits that could not be attained by that of an uncredentialled tax preparer.
- What’s more, the median pay for enrolled agents in Denver is in line with the U.S. median at almost $54,000.
- They may also be called upon to provide advice on financial matters for their clients or business organizations.
- Enrolled agent salary numbers in Los Angeles show that about half of the jobs available pay in the six-figure range.
- Given that only a few states offer salaries above the national average for Enrolled Agents, considering a move to a new location for economic advancement should be a decision made cautiously.
- Best of all, you can set your own schedule, work across the United States, and take on as many clients as you can keep.
Common Enrolled Agent salary ranges in the United States
For each stage of your Enrolled Agent career, you’ll see an average salary increase of 8.38%. Once you get your first job, experience starts to include actual time working in the industry and your accomplishments at work. As of November 01, 2024, the average annual pay of Enrolled Agent in the United States is $43,214. While Salary.com is seeing that Enrolled Agent salary in the US can go how much does an enrolled agent make up to $53,322 or down to $36,828, but most earn between $39,871 and $48,505. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Enrolled Agent in the United States. The SEE, also known as the Enrolled Agent exam, is a comprehensive three-part test that tax preparers must pass in order to become an IRS Enrolled Agent.
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. If you’re looking to speed up your salary gains in tax preparation, the best thing you can do is earn a professional designation, like the Enrolled Agent designation awarded by the IRS. 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. The Enrolled Agent (EA) credential is a nationally recognized certification offered by the IRS for tax professionals.
Of course, having your own agency also removes any limitations on your salary. As per information provided by the Bureau of Labor Statistics (BLS), the median salary for CPAs stands at $78,000. Bookkeepers ensure that a business makes the most economically viable and safe decisions to keep finances tight and under control. This position does not exclusively involve taxes, but having experience with tax planning can be beneficial to many bookkeepers.
For example, daycare can be a considerable expense for young working families. On-site daycare could save thousands of dollars and dozens of hours in commuting each year. At the same time, some people dislike the bureaucracy that comes with larger organizations, and they’re happier at the end of the day if they have more freedom to pursue their own ideas.
And another factor that makes a significant difference is the type of employer for whom you choose to work. According to Indeed.com, over half of the enrolled agent jobs in Atlanta pay more than 6 figures. Therefore, the EA salary range in that city is a little lower, with the average salary about $51,560. Well, according to Salary.com, the national average salary for an enrolled agent is just over $53,126. 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. 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.