If your goal is to work at one of the Big 4 accounting firms, the Enrolled Agent designation is one way to stand out from other applicants. Learn how becoming a tax expert can help you excel at firms of all sizes on our Enrolled Agents at the Big 4 blog. For each stage of How to Invoice as a Freelancer 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.
Enrolled Agent Salary at an Accounting Firm
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.
Common Enrolled Agent salary ranges in the United States
- Entry-level positions typically start lower, while those in senior roles can expect increased compensation.
- Your education and experience level, as well as any other certifications you hold, also affect the size of your Enrolled Agent salary.
- For instance, corporations rely on Enrolled Agents to advise them on policy, prepare taxes, and represent them in audits and other proceedings before the IRS.
- Well, according to Salary.com, the national average salary for an Enrolled Agent is just over $43,600.
- And, in addition to the standard background check, the IRS also investigates your personal tax history.
In many cases, clients call upon the expertise of Enrolled Agents in complex tax situations where audits are likely. So, as the tax preparer, an Enrolled Agent is the most qualified to explain and defend the choices made during preparation. The average enrolled agent salary in Alaska, Wisconsin, and Washington are the highest in the U.S. The lowest average enrolled agent salary states are Virginia, Tennessee, and West Virginia.
- Nonetheless, in any career, one of the most important factors and probably one of the main considerations is the salary, that’s why we’re here.
- And with affordable pricing, this investment in your future definitely pays off.
- Nevertheless, you can pursue additional credentials, such as CPA licensure for instance.
- Versatile CareerThere is a wide range of career opportunities for enrolled agents.
Mid-Level Professionals:
Firms are especially interested in candidates with technology skills that can be applied to growing areas like cloud systems and data analysis. Managers are looking for new ideas and are prepared to provide the necessary on-the-job training to prepare new hires for success. 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.
Highest paying cities for enrolled agents
- However, San Francisco residents in Enrolled Agent positions earn a median income of $54,504, which is well above the national number.
- And while they say everything’s bigger in Texas, this statement doesn’t necessarily hold true for Dallas Enrolled Agent salaries.
- The benefits you’ll gain from earning the EA designation will far outweigh the cost of taking the EA exam.
- Moving down to Southern California reveals EA salary numbers that are as sunny as the beaches.
- However, actual EA salaries may vary quite a bit (between $37,000 and almost $54,000) when you consider all the variables.
Well, according to Salary.com, the national average salary for an Enrolled Agent is just over $43,600. However, actual EA salaries may vary quite a bit (between $37,000 and almost $54,000) 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. Some may be looking for a change in their career path while others want to boost their earning potential or learn more about tax law.
- Where you work is also a major factor in determining your Enrolled Agent salary.
- Whatever your reason is for pursuing an EA career, you will surely love the pay if you stick around long enough and gain experience.
- Freshly credentialed Enrolled Agents in India can expect a starting salary ranging from ₹3,50,000 to ₹6,00,000 per year.
- The IRS’s Enrolled Agent credential grants you unlimited tax representation authority before the IRS.
- As the demand for their expert services grows, you can expect the salary to grow as well.
Start Today and Get Accquiant with your New Career Path
EAs are federally authorized to represent taxpayers before the IRS and have unlimited representation rights. This means EAs can represent any taxpayer, regardless of whether they prepared their income tax return. EAs can also represent any tax matter, as well as appeal to any office of the IRS. The role of Enrolled Agents is gaining traction in India, thanks to the expanding U.S.-India economic relations and the outsourcing of tax preparation and advisory services. Many Indian firms specialize in assisting U.S.-based individuals and businesses with their tax enrolled agent salary compliance needs.
Additionally, clients often prefer to work with a single individual or a small team for the sake of efficiency. Therefore, as with the lion’s share of the small accounting agencies out contra asset account there, specialization is key. Consequently, building a reputation as the tax expert in town (and the tax law expert) can really help your career. 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. 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.
Average enrolled agent salary by state
Since enrolled agents are federally licensed, they can practice in any state wherever they may be located. Being able to practice anywhere provides more flexibility than others. Big cities have more job opportunities and a larger pool of skilled workers, but they also typically have a higher cost of living, so location isn’t everything. If you dislike the cold and aren’t comfortable in a big city, you don’t have to live in New York or Chicago to make a living as an Enrolled Agent. But the fact that smaller firms have to specialize can be both a blessing and a curse for Enrolled Agents. For example, a small agency that specializes in escrow accounting may not need an Enrolled Agent.