That works out to a 4% change in pay for enrolled agents over the last decade. The biggest step you can take to increase your salary as a tax preparer is to become an Enrolled Agent. An enrolled agent with 0-2 years of experience earns an average entry-level salary of $21,082. A mid-career enrolled agent with 3-6 years of experience makes $35,171 a year on average.
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- Additionally, a cursory glance at Boston EA jobs reveals that salaries range anywhere from $50,316 and $70,142.
- Additionally, the EA credential is more client-focused, with a variety of career paths.
- On average, CPAs do make more money (closer to $70,000 annually) than enrolled agents.
- This position does not exclusively involve taxes, but having experience with tax planning can be beneficial to many bookkeepers.
- Office managers oversee several ongoing projects at once and work with staff to ensure that operations run smoothly.
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EAs can be seen in an office, in front of the IRS, or sitting down with clients. They work in accounting firms of all types and sizes, with many EAs starting their own businesses. 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.
Special Enrollment Exam (EA Exam) vs CPA Exam
CPAs, like EAs, can easily start their own small business working with clients. 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.
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. CPAs are elite accounting professionals that can work in every sector of the profession, from tax to audit to consulting and advisory. CPAs can also work in general business roles and can easily move horizontally or vertically within the structure of a business. CPAs are required to learn about financial accounting and reporting, tax, business law, the business environment, and audit before they can become credentialed. However, the CPA credential requires significantly more schooling, time, and upfront costs than the EA credential.
Enrolled Agent Salary by Employer Type
Find a place you want to live or a firm you want to work for and then use the table below to inform your salary expectations. Offer more flexibility and greater access to management, giving individuals a greater say in how much does an enrolled agent make the perks and fringe benefits available. Our job description management tool- JobArchitect streamlines your job description process.
This means EAs can represent any taxpayer, whether they prepared their income tax return or not. They can also represent any tax matter, as well as appeal to any office of the IRS. As you weigh the two options, consider differences in salary, job function and career path. Actively seek out and engage prospective customers, follow our sales process & system to find success, be coachable and ready to learn!.
This document explains that you can obtain an Enrolled Agent designation in 1 of 2 ways. The first is by passing the Special Enrollment Examination (SEE), which has 3 parts. 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. Some larger organizations pay their entry-level Enrolled Agents more than smaller organizations pay experienced Enrolled Agents. Once you get your first job, experience starts to include actual time working in the industry and your accomplishments at work.
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