We only have one M1 computer in my office. We currently do not have Parallels or ProSeries installed on this machine. Windows 11 in Parallels ARM may worked based on another post. I have not taken the time to try to work with it again. When I was working with it earlier I had to use the Preview Builders version of Windows as Windows 11 was not released yet. We had continual issues of ProSeries locking up and and the screen going blank from time to time. It wasn't worth it at the time, someone claims that it works with Windows 11, then give it a shot. Buying a new M1 Mac to try and see if it works isn't worth it to me. I would research first and see what you come up with. Would not be fun for it to go down during a Tax Season. We are currently buying  refurbished 2019 MacBook Pros to install parallels and ProSeries on. 

Every computer and set up operates differently. We tend to hold off on the latest versions of any OS due to their instability.  (based on 25 years of experience)

Good luck!