A few years ago, if you earned ₦200,000 as a freelancer, it probably went much further than it does today.

Today, the same income has to cover higher internet bills, more expensive electricity, rising transport costs, software subscriptions, and the everyday cost of living. Even if your rates haven’t changed, your profit has.

That’s what inflation does. It quietly increases the cost of running your business.

Your business expenses are growing

Freelancing isn’t just about getting paid.

It’s about everything you spend to deliver your work.

If you’re a graphic designer, writer, developer, marketer, video editor or consultant, you’ve probably noticed some of these changes:

Internet subscriptions cost more than they used to.

Electricity has become more expensive, and many freelancers still rely on generators or inverters to stay productive.

Most work tools are priced in dollars. Whether it’s ChatGPT, Canva, Adobe, Figma or Google Workspace, exchange rates mean you’re paying more in naira.

Meeting clients or working from a coworking space also costs more because transport fares have increased.

The result is simple. Your business costs more to run than it did before.

Inflation also changes your tax reality

As your income and expenses change, so does the importance of understanding your tax obligations.

Many freelancers only think about tax when it’s time to file. But inflation affects your business all year round. The more organised you are with your income, invoices, receipts and expenses, the easier it is to understand where your money is going and prepare for tax season.

Good financial records become even more valuable when every naira counts.

Don’t wait until tax season

Inflation may be outside your control, but how you manage your business isn’t.

Keeping your finances organised helps you make better decisions throughout the year, not just when it’s time to pay taxes.

That’s what we’re building at LessaTax. A simpler way for freelancers, creators and small business owners to organise their income, expenses, receipts and invoices before tax season arrives.


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