I have seen the following snippet of UI code to use icons with labels
<a href="">
<img alt src="img/save.gif" class="icon">
<span>Save</span>
</a>
OR
would it make sense to make combine this into a single entity (i.e. image icon plus the label).
My concern is if we choose a different theme (color scheme), then I will not be able to use different colors for my labels and might have to regenerate the image. Using the first approach gives me the flexibility to do so.