Preheat oven to 375 degrees F. In a large bowl beat butter with a mixer on medium to high 30 seconds. Add sugar and baking powder. Beat until combined, scraping bowl as needed. Beat in egg, vanilla, and almond extract until combined. Beat in flour. Knead in food coloring until desired color.
Place dough, in batches, into cookie press fitted with star plate. Force through cookie press onto an ungreased cookie sheet. Bake 7 to 9 minutes or until edges are firm and just starting to brown. Remove; cool completely on wire racks.
Stack cookies into a wreath shape and dust with powdered sugar. Fill center of wreath with candies, if desired.