2021 Finance Awards Honoree: Danny Castro
Meet Danny Castro, Managing Partner of Tax Services at BDO USA LLP
Danny Castro is the office managing partner for BDO’s Miami and Fort Lauderdale Tax practices leading over 190 professionals. His wife, father and brother are all CPAs and he is a father to three amazing children – Alia (9), Leo (7) and Ariana (5).
Favorite Quote: “Some people want it to happen, some wish it would happen, others make it happen.”
Fun Fact: I started a sandwich business my junior year in high school. I negotiated pricing with the suppliers (Sedanos) and eventually grew the business to eight employees (distribution channels) selling throughout campus.
What challenges have you faced in your career, and how did you overcome them? Leading our practice and people through the pandemic and uncertainty. I learned the importance of daily check-ins with your people and connecting with everyone on a personal level. Everyone is going through something. The need to increase your level of awareness and empathy.
What has been the most monumental moment of your career thus far? Six months after being admitted into the Partnership, I was asked to take over the Fort Lauderdale tax practice and lead 31 tax professionals at the age of 33 with no experience in the role.
What’s the one piece of financial advice you regret not taking? Take more risks.
What’s the biggest financial mistake most people make? Not fully grasping, understanding and appreciating the opportunity you have in front of you.
How do you get first-time investors to alter their thinking on investing? Proactive and creative tax planning can save millions in tax dollars to clients when you have a deep understanding of their business and strategic goals.