Preheat oven to 350°F. Spray pans with vegetable pan spray, or use Cake Release.
In mixer bowl, cream butter and sugar until light and fluffy. Add eggs one at a time, mixing well after each addition. Mix in vanilla and almond flavor. Mix flour with baking powder and salt. Add flour mixture alternately with milk, starting with the flour; mix well. Pour into prepared pans.
For an 8 inch round pan, bake 35-40 minutes or until toothpick inserted in center comes out clean.
Cool 10 minutes in pan. Loosen sides and remove. Cool completely before decorating.