I sometimes use a hkc 55 for doing this on rougher type work.
The crosscut fence makes it very quick and easy. I normally cut all the shoulders, then move to the end and do cuts every 5mm moving back to my reference cut, to enable quick removal of waste with a whack of a hammer and a waft of the chisel.
I also use it for setting in fencing rails in the same way.
You could feasibly use a plunge saw but it would be more awkward, the problem being the need to plunge the saw before it is properly supported by the wood being cut. The hkc is more like a normal circular saw so the blade stays out where you set it.
Ollie