This means there is a far greater need for EAs today than in the past. 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. Enrolled agents ensure that citizens receive competent representation.
- Becoming an enrolled agent takes much less time than becoming a CPA.
- In New York City, the average salary for an enrolled agent is above the national average, with NY EAs making $62,423 on average.
- This position does not exclusively involve taxes, but having experience with tax planning can be beneficial to many bookkeepers.
- Elsewhere in the region, such as Baltimore, the majority of the enrolled agent positions pay between $45,908 and $63,998 per year.
- 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.
- Plus, the EA designation signals a high level of expertise that will cement your status as a valuable expert on tax topics.
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. Best of all, you can set your own schedule, work across the United States, and take on as many clients as you can keep.
Enrolled Agent Salaries for Senior Level
In addition to the salary benefits, you’ll also enjoy increased representation rights so you can expand your client base and the services you can offer. Plus, the EA designation signals a high level of expertise that will cement your status as a valuable expert on tax topics. Like the CPA designation, earning the enrolled agent status can improve salaries for these tax professionals. https://www.bookstime.com/ In 2019, enrolled agents brought home an average of $64,108 per year, reports the salary comparison site Payscale. 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.
In general, CPAs earn more than EAs in all career levels; however, the CPA credential requires significantly more schooling, time and up-front costs than the EA credential. Additionally, the EA credential is more client-focused, with a variety of career paths. Be sure to consider additional factors alongside salary when planning your professional path. Tax preparers work with taxpayers to complete federal and state tax returns.
Estimate Salary for Enrolled Agent online for free
And another factor that makes a significant difference is the type of employer for whom you choose to work. 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 enrolled agent salary 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. An enrolled agent with 0-2 years of experience earns an average entry-level salary of $21,082.
