Preheat oven to 350°F (180°C) and line a muffin tin with paper liners.
In a bowl, whisk together the all-purpose flour, almond flour, baking powder, and salt.
In another bowl, cream together the softened butter and granulated sugar until light and fluffy. Beat in the eggs, vanilla extract, and almond extract.
Gradually add the dry ingredients to the butter mixture, alternating with the milk, mixing until just combined. Do not overmix.
Fill the muffin liners about three-quarters full with batter. Bake for 18-20 minutes, or until a wooden skewer inserted into the center comes out clean.
Let the cupcakes cool completely before frosting.
For the almond frosting, whip the heavy cream until stiff peaks form. Gradually beat in the powdered sugar, butter, and almond extract until smooth and creamy.
Transfer the almond frosting to a piping bag fitted with your desired tip. Pipe onto the cooled cupcakes.
Sprinkle with toasted almond slices before serving.
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