Preheat oven to 350°F (175°C). Line a baking sheet with parchment paper.
In a large bowl, cream together the butter and granulated sugar until light and fluffy.
Add eggs, one at a time, beating well after each addition. Mix in the vanilla and almond extracts.
In a separate bowl, whisk together the flour, baking powder, and salt. Gradually add the dry ingredients to the wet ingredients, mixing until just combined.
Roll dough into 1-inch balls and place them 2 inches apart on the prepared baking sheet. Flatten each ball slightly with the bottom of a glass.
Bake for 10-12 minutes or until the edges are lightly golden. Allow cookies to cool on the baking sheet for 5 minutes before transferring to a wire rack to cool completely.
In a small bowl, whisk together powdered sugar and milk until smooth. Dip the top of each cookie into the glaze and decorate with sprinkles. Allow the glaze to set before serving.