Next on the list of benefits of EA certification is the ability to represent clients before the IRS. Also, your tax-specific expertise will keep you in preference for these matters over other professionals.
With an unlimited allowance for representation before the IRS, it does not mean that once you achieve certification, you can access this power for a lifetime. You will be enrolled in the IRS National Database as long as you meet the EA requirements for the continuation of your certification. You must always have a valid Preparer Tax Identification Number (PTIN) and maintain the Continuing Education (CE) as required. You will be in the IRS National Database if you fulfill these requirements.
Low Cost
Another advantage of getting certified as an EA is that this certification can be acquired and maintained at a comparatively lower overall cost. Unlike other certification exams, you will need to pay quite a reasonable cost for EA. It includes USD 70 for acquiring or renewing PTIN and USD 200 per exam, summing to USD 600 for all three parts of the SEE. The coaching for this examination will also be comparatively less expensive.
In addition to the monetary aspect, the cost of EA exam prep is also lower with respect to the time you spend acquiring it. You can pass the Enrolled Agent exam within just nine months with NorthStar Academy. Obtain this accreditation, and all you will be required to do is attend continuing education for 72 hours every three years.
No Demanding Requirements
If you find the eligibility criteria of other certifications like US CPA and CMA quite extensive, you might be attracted to earning the EA qualification as it has comparatively less demanding criteria. The EA requirements set for the EA exam do not mandate work experience or high education qualifications. It does not require you to have a specific degree in the finance and accounting stream. All you need is a 10+2 qualification and a valid PTIN.
You can sit in the EA exam to acquire the certification by fulfilling just two EA requirements. Also, this certification can be obtained through another path. Through this path, you can acquire the EA accreditation without needing to pass the EA exam if you have work experience with the IRS. For this route, you will need around 5 years of work experience with the IRS. This route is usually available for seven positions in the IRS, including special agent, tax specialist, appeals officer, revenue officer, settlement officer, revenue agent, and tax law specialist.
Attractive Earning Potential
The EA review course will be your key to unlocking the most rewarding and high-paying career in the global taxation world. The unlimited rights to representation before the IRS will allow you to always use your tax expertise to enhance your income.
Being EA accredited will open a lot of doors, including global job opportunities with top companies and the Big 4 in finance and accounting. There are many rewarding opportunities that you can access in different industries, such as investment firms, accounting firms, corporate accounting departments, banks, law firms, state revenue departments, and private practices. The top employers will always choose you over other candidates for high-designation positions with high salaries if you have the EA designation.
Job Security
Another crucial point in this list of benefits of EA certification is that it comes with recession-proof job security. Once you achieve this certification, you only need to worry about doing your best at your work. Becoming an enrolled agent will offer you the utmost job security that cannot be affected by any recession. The EAs will be in demand as long as people continue to pay taxes, and you must know that it is never going to stop.
Even if the entire country is facing a challenging economic period, the demand for EAs will always be on the rise, and so will their salaries. From individuals to the Big 4, every taxpayer needs an expert like an EA to ensure their compliance with the tax codes. So, EAs are in high demand and have a rewarding career path. This certification will only take you ahead of the curve.
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