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The speaker, Mike Mancini, discusses the common problem of accumulating numerous receipts throughout the year and the hassle of organizing them during tax season. He shares a quick five-minute hack that helped him solve his receipt problem. Mike explains how he receives receipts daily via email and how he used to throw them all in a box, making tax preparation a time-consuming task. This hack has helped him streamline the process and better manage his receipts for his business.