Hi there, smitham75.
Currently, the option to run payroll annually is unavailable. However, you can create an unscheduled payroll when you're ready to create the paycheck.
In the meantime, I recommend visiting the QuickBooks Blog. You can bookmark the link to stay up to date each month for more information on our monthly updates and improvements. From there, you can search for specific topics to help start, grow and manage your business.
Please let me know if you have any other questions. I'm just a post away. Have a great day ahead.