The Difference Between an EA and a CPA: Which One Should You Choose?

🧑‍💼EA - Enrolled Agents have specialized knowledge in tax law and can represent you in IRS audits.

👨‍⚖️CPA - Certified Public Accountants have a wider range of accounting skills, including bookkeeping and tax planning.

🤝Both EAs and CPAs are qualified professionals and can provide valuable assistance to your business.

💼Consider your specific business needs and preferences when choosing between an EA and a CPA.

📚EAs undergo certification through the IRS, while CPAs are certified by state authorities.

What is an Enrolled Agent (EA)?

—An Enrolled Agent (EA) is a tax specialist certified by the IRS. They have in-depth knowledge of tax law and can represent you in IRS audits.

What is a Certified Public Accountant (CPA)?

—A Certified Public Accountant (CPA) is a professional accountant certified by state authorities. They have a wide range of accounting skills, including bookkeeping, tax planning, and estate planning.

When should I choose an EA?

—You should consider choosing an EA when you need assistance with tax-related matters, especially if you anticipate or are currently facing an IRS audit.

When should I choose a CPA?

—You should choose a CPA when you need comprehensive accounting services, such as bookkeeping, tax planning, and estate planning, in addition to tax expertise.

Can an EA be a CPA?

—Yes, an EA can also be a CPA. Many EAs have a background as CPAs and choose to specialize in tax law.

00:00Introduction to the difference between an EA and a CPA

00:10Explanation of the acronyms and their meanings

00:41Difference in skill set and certification of EAs and CPAs

01:59Benefits of working with an EA specialized in tax law

03:09Recommendations for choosing between an EA and a CPA

03:59Importance of an EA during IRS audits