Payroll 2024

I have updated to the Quickbooks 2024 version (not online) at the cost of $649.  I was told that this will be annually!  Now today, I see that I need to update my payroll for $555 (+ so much for each employee).  This is a huge amount of money for a small company with 2 employees.  What happens if I don't update the payroll?  Does it quit working or do I just not get updates and support?  I print our payroll checks and do my own payroll tax forms.  I hate to spend this money if I don't have to.