In a large mixing bowl, cream the softened butter and cream cheese with sugar using an electric mixer on medium speed until light and fluffy.

Add in one large room-temperature egg along with vanilla, almond, and coconut extracts. Beat until thoroughly incorporated.

In a separate bowl, whisk together the all-purpose flour and baking powder. Gradually add to the creamed mixture, mixing until no visible flour remains. Refrigerate the dough overnight.

Preheat your oven to 325°F (160°C). Line baking sheets with parchment paper.

Form three different sized balls from chilled dough for each snowman (1-inch, ¾-inch, ½-inch) and arrange on baking sheets with 2 inches apart.

Bake for 18-20 minutes until lightly browned around the edges and soft in the center. Cool on pans for 2 minutes.

Press miniature semisweet chocolate chips into the larger cookies for eyes and use M&M's for buttons while still warm.

Beat together confectioners' sugar, coconut extract, and milk to achieve a smooth piping consistency. Tint if desired.

Decorate using frosting and miniature milk chocolate kisses as hats. Allow frosting to set before enjoying.