Not sure if my X or Y axis is off

noticed this on my last cut ive narrowed it down to my X or Y axis being off any ideas on what one and how to fix it?

Was the blank cut to shape prior to carving the raised letters?
If so, are you sure your work zero and design was aligned?

after posting the original post i looked at a test piece of same thing just smaller and it did the same thing it just wasn’t as noticeable. it cut higher on the right side of the board on both. it was a 2 bit carve 1\4 bit than a 1\16 bit