There’s a very easy way to do this with pre-masked Proofgrade material. Just score the outside line very lightly, just enough to mark the paper without burning through it, and then you can easily shift the design a bit for the real cut if you need to…
There is also a method called Kentucky Windage that folks have had very good luck with if precise placement is critical. If it’s not as critical, you can just leave a little extra room at the edges.