Patricia Gilhooly will utilise the preparation of your regular Accounts and Annual Financial Statements to suggest ways in which you could improve the profitability and effectiveness of your business. I believe that my advice makes the preparation of Accounts a valuable service and not just a compliance chore. I can tailor the following services to suit your needs:
  • Book keeping
  • Accounts prepaparation
  • Statutory Company Accounts Preparation and Audits
  • Financial ADvice
  • CRO Returns
  • Unlimited Telephone Support
Patricia Gilhooly can calculate all your taxes Income Tax, Corporation tax, VAT, Paye/Prsi/USC, Capital Acquisitions Tax, Stamp Duty. Patricia Gilhooly has the facilities to file all Revenue returns online.

Corporation Tax

Patricia Gilhooly will manage your Corporation Tax process and ensure that your obligations and filings are up to date.

Income Tax

Patricia Gilhooly will manage your Income Tax process and ensure that your obligations and filings are up to date.

VAT Reviews and Returns

Patricia Gilhooly will manage your VAT returns process and also through an extensive checklist ensure that your VAT compliance is in order.

Outsourced Payroll Facilities

It’s simple, Patricia Gilhooly becomes your payroll department and maintains your payroll records and compliance duties thus leaving you more time to focus on your business.

PAYE/PRSI/USC Reviews & Returns

Patricia Gilhooly, as part of its Accounts service will review your processes to ensure that you are appropriately compliant for PAYE/PRSI/USC and suggest ways of improving your processes to reduce exposure to tax. I will also manage your returns obligations.

Tax Registration

Quick simple online registration with Revenue

Tax Advisory Service

Income Tax, Corporation tax, VAT, Paye/Prsi/USC, Capital Gains Tax, Capital Acquisitions tax and Stamp Duty

Unlimited Telephone Support

Personal Insolvency – What’s Involved?

Patricia Gilhooly is authorised by the Insolvency Service of Ireland to carry on practice as a personal insolvency practitioner (PB00067).
The Personal Insolvency Act, 2012 was enacted to create a framework to deal with the extensive amount of unsustainable personal debt existing the country.
The table below details some of the issues relating to the process.
Patricia Gilhooly does not act in respect of Debt Recovery Notices (DRN). These are handled by Approved Intermediaries such as MABS ( or FLAC (

5 Steps to Peace of Mind:

  • Initial telephone call/email to PIP
  • One to one meeting
  • Application for Protective Certificate
  • Create a sustainable debt payment plan
  • Get formal approval of plan

Personal Insolvency – The Process

Patricia Gilhooly understands that the Personal Insolvency process is difficult, stressful and traumatic for the Debtors involved.
I will aim to make the process as simple and understandable as possible.
In essence the process can be broken down into the following stages:

  1. Debtor realises that they cannot meet their day to day cash obligations.
  2. Debtor attempts to negotiate with creditors without success.
  3. Debtor contacts a Personal Insolvency Practitioner (PIP).
  4. PIP reviews the financial status of the debtor and considers options.
  5. If both PIP and Debtor believe that a viable plan can be devised then an engagement letter is agreed and signed.
  6. PIP and Debtor ensure that financial disclosures match those required in Prescribed Financial Statement (PFS).
  7. PIP applies for Protective Certificate and if successful notifies all creditors
  8. Notified creditors cannot contact Debtor for 70 day period of Protective Certificate.
  9. Within 70 days PIP develops workable arrangement to meet legislation terms.
  10. Debtor and majority (65%/50% as appropriate) of creditors must approve arrangement before presenting to Court for approval
  11. If approved Debtor complies with terms of arrangement for the duration of the arrangement and forwards appropriate monies to the PIP for distribution to the creditors
  12. At the end of the term of the arrangement the debts will have been restructured/written off/paid down in accordance with the terms of the arrangement.

Frequently Asked Question DSA PIA Bankruptcy
What debts qualify ? Unsecured Only Secured < €3m Unsecured All Debts > €20k
Do I have to eventually pay all the debt ? No No No
Is Interest Frozen during arrangement period ? Yes, if approved Yes, if approved Yes
Do my creditors have to agree to the proposal ? Yes, 50% Yes, 65% in total & at least 50% of Secured & Unsecured No
Are all debts included ? Secured debt and excluded debt not included. Excluded debt not included Yes
How long is the arrangement ? 5 or in cases 6 yrs 6 or in cases 7 yrs 3 Yrs but conditions can extend to 8 yrs
Do I have to keep my part of the arrangement ? Yes or else deal fails Yes or else deal fails N/A
Can my creditors contact me or hassle me in any way ? No No No

Patricia Gilhooly

is authorised by the Insolvency Service of Ireland to carry on practice as a Personal Insolvency Practitioner (PB00067).

  • Initial No Obligation Consultation Free
  • Transparent Fee Structure agreed in advance – no shocks
  • Meetings arranged to suit the client

Mortgage Arrears Resolution : I can help


    Patricia Gilhooly Accountant, a fellow of Chartered Association of Certified Accountants Ireland has been included on the panel of Accountants registered to assist mortgage holders in arrears. Patricia is currently actively involved in negotiations on behalf of a number of borrowers. As the lender pays the €250 fee to the accountant, the service is free to the borrower. Should the borrower wish to engage the accountant for other services not covered by the €250 fee, arrangements can be agreed directly with the accountant.


    The Central Bank has specific requirements for lenders when dealing with borrowers in mortgage arrears and pre arrears. It requires lenders to handle all such cases sympathetically and positively, with the objective at all times of helping people to meet their mortgage obligations.

  • Lenders must operate a Mortgage Arrears Resolution Process (MARP) when dealing with arrears and pre-arrears customers. People applying for a Personal Insolvency Arrangement (PIA) must declare that they have co-operated with their mortgage lender under the MARP for at least six months and have been unable to agree an alternative repayment arrangement.
  • Mortgage Arrears Information and Advice Service

    As part of the Mortgage Arrears Information and Advice Service your participating lender will pay €250 for a consultation with an accountant of your choice drawn from a panel composed of members of recognised accountancy bodies, Participating accountants must hold practising certificates from their professional and regulatory bodies. Such practising accountants operate within a regulatory regime which includes oversight and regulation of their conduct and performance by their professional bodies, and, ultimately, by the Irish Auditing and Accounting Supervisory Authority.