Enrolled Agent EA Salary Guide
While it is true that Enrolled Agents enjoy less income than professional accountants, a taxing job such as the Enrolled agents’ cannot be discounted after all. Entry-level tax preparers make less, but can expect their salary to increase after gaining several years of experience, and gathering more clients. According to ZipRecruiter.com, the average annual salary for an Enrolled Agent as of December 2021 was $59,020. The average enrolled agent salary has risen by $3,188 over the last ten years. In 2014, the average enrolled agent earned $31,983 annually, but today, they earn $35,171 a year.
- And, with the increased convenience and reliability of telecommuting technology, a small firm can serve clients nationwide.
- Compare enrolled agent salaries for individual cities or states with the national average.
- Be sure to consider additional factors alongside salary when planning your professional path.
- And another factor that makes a significant difference is the type of employer for whom you choose to work.
- But this doesn’t mean that agents are less capable than the accountants.
Enrolled Agent Salary
And while they say everything’s bigger in Texas, this statement doesn’t necessarily hold true for Dallas enrolled agent salaries. But the average EA salary in Dallas is jobs posted in the area pay between $44,367 and $61,850 annually. Being an Enrolled Agent will give you countless opportunities to earn as much as you desire as your salary is not limited to a single job-paying post. Thus, Enrolled Agents are always relevant to the finance field and will always be demanded by many taxpayers. Start to play with numbers and calculate the potential earnings of EAs and learn how to capitalize on the nature of the profession to discover boundless financial opportunities.
Move to a Larger Firm
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. The big chains pay their more experienced enrolled agents between $20 and $30 per hour on average, which comes to between $40,000 and $50,000 annually. For instance, the range for some posted jobs in these types of companies is between $60,000 and $85,000. Chicago’s median salary for enrolled agents is actually lower than that of the rest of the country, according to Payscale’s data.
Enrolled Agent Salary by City
Current job postings in Chicago reveal an EA salary range from around $55,000 per year to over 6 figures. What’s more, the median pay for enrolled agents in Denver is in line with the U.S. median at almost $54,000. Yet, in the mile-high city, over half of the EA salary figures posted are above $112,000 annually.
Similar Jobs to Enrolled Agent
Elsewhere in the region, such as Baltimore, the majority of the enrolled agent positions pay between $45,908 and $63,998 per year. Enrolled agent salaries at IDEMIA and Acuity Insurance are the highest-paying according to our most recent salary estimates. In addition, the average enrolled how much does an enrolled agent make agent salary at companies like Smoker Craft Boats and Independent Health are highly competitive. Enrolled agent salaries typically range between $22,000 and $54,000 yearly. If you don’t currently have the IRS experience to become an enrolled agent, you’ll need to pass the EA exam.
Enrolled agent salary is impacted by location, education, and experience. 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. The most highly specialized Enrolled Agent probably isn’t going to be earning as much at a smaller organization as they could at a larger one.
As of 2023, over 46,000 public accounting firms existed in the United States. While that number is large, most of those firms are small agencies that handle relatively few clients compared to the big competition. The largest firms in the country pull in billions of dollars in revenue annually and employ tens of thousands of people. On the other hand, the smallest successful brokers and agents typically see less than a million dollars come through their doors each year.
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. 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. What’s more, enrolled agents often fill the role of both tax accountant and tax attorney.