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. Tax preparers work with taxpayers to complete federal and state tax returns. This job usually involves a busy season, with the highest workload occurring from December to mid-April.
Where can an Enrolled Agent earn more?
That works out to a 4% change in pay for enrolled agents over the last decade. As of October 2021, the Bureau of Labor Statistics (BLS) recorded the national median salary for CPAs in the U.S. as $73,560. Jobs paying $58,500 or less are in the 25th percentile range, while jobs paying more than $83,000 are in 75th percentile. For example, many small to mid-sized businesses prefer to outsource their accounting.
What is the Average Annual Salary of Enrolled Agent in The United States?
For instance, the range for some posted jobs in these types of companies is between $60,000 and $85,000. Becoming an EA is one of the best investments you can make in your career as a tax preparer. The benefits you’ll gain from earning the EA designation will far outweigh the cost of taking the EA exam. 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. On average, CPAs do make more money (closer to $70,000 annually) than enrolled agents.
Which U.S. City Offers the Highest Salaries for Enrolled Agents in 2024?
In the Pacific Northwest, where tech and trees reign, Seattle enrolled agents earn anywhere from $49,275 and $68,692. However, San Francisco residents in enrolled agent positions earn a median income of $66,408, which is well above the national number. Of jobs posted in the city by the bay, nearly half pay above $125,000 annually.
Similar Jobs to Enrolled Agent
Therefore, the ability to expand your client base beyond state borders is an advantage enrolled agents have over CPAs. Enrolled agent salaries typically range between $22,000 and $54,000 yearly. According to ZipRecruiter.com, the average annual salary for an Enrolled Agent as of December 2021 was $59,020. Entry-level tax preparers make less, but can expect their salary to increase after gaining several years of experience, and gathering more clients.
The Enrolled Agent Salary: Our Guide to EA Salaries
- They prepare tax reports, ensure the accuracy of the company’s tax documents, and are responsible for handling any issues.
- However, jobs posted for smaller regional agencies tend to pay higher.
- In New York City, the average salary for an enrolled agent is above the national average, with NY EAs making $62,423 on average.
- And, enrolled agent salaries are on the rise at larger firms and corporations, too.
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. Therefore, as with the lion’s share of the small accounting agencies out there, specialization is key. Consequently, building a reputation as the tax expert in town (and the tax law expert) can really help your career.
Enrolled Agent Salary in Major Cities
Therefore, the EA salary range in that city is a little lower, with the average salary about $51,560. Enrolled agents in Charlotte also earn https://www.bookstime.com/ less than the national average. Well, according to Salary.com, the national average salary for an enrolled agent is just over $53,126.
What state pays Enrolled Agents the most?
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 enrolled agent salary 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. 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.
