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Rosetta is required as it is not Apple Silicon-native.

It runs fine on my Mac mini M1 and Mac Studio M1 Max.

I imagine they will make a Universal version for 2022 that runs on both Intel Macs as well as runs natively on Apple Silicon.  I'm not sure how much longer Apple will continue having Rosetta in macOS.  I imagine they will stop supporting Intel-based apps in 2-3 years.

Hopefully Intuit makes the 2022 version Apple Silicon-native/Universal.  It will run better (less CPU resources and less battery usage for those on laptops).  For now, the current Intel-based version is acceptable with Rosetta.