Preheat oven to 325 degrees. Line a cookie sheet with parchment or silicone baking mats.
In a small mixing bowl, whisk together flour and baking powder; set aside
In a medium bowl, using a hand mixer, cream together butter and sugar until thoroughly combined. Stir in vanilla and almond extracts.
Blend in dry ingredients, just until incorporate (don't overmix!)
On a lightly floured surface, roll dough into a 1/4-1/2 thick rectangle. Using a 2 3/4-3 inch diameter circle cookie cutter, Cut 12 cookie and place on prepared baking sheet.
Bake cookies 8-10 minutes, or until cookies are lightly golden brown. Cool completely on baking rack.