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Mike Mancini discusses his monthly and yearly challenge of managing numerous receipts, which accumulate from daily expenses like lunches and client meetings. He highlights the inefficiency of tossing receipts into a box, leading to a chaotic search during tax season. Additionally, he receives multiple receipts via email daily, further complicating the organization process, as he often prints them out for record-keeping. To tackle this issue, he offers a five-minute hack aimed at simplifying receipt management and making tax preparation easier, ultimately improving his business organization.