Cutting time??

So I've been bulking (first time) for over the past nine months and am now at the point where I'm hating the flab I'm feeling. I'm hoping for some guidance as to whether or not I should cut and if so how I go about it as my calories are still low. I've worked my way up from 800 calories and am now semi-maintaining my weight at 1400cal daily. Currently weight training 4-5 days a week, HIIT 2x week. My body fat has been assessed frequently with callipers and I'm now at 25% with 43kg lean mass. I have uploaded a few quick pics to my body space for reference.
Maybe someone may also be able to assess if the callipers are correct or not just by the pictures? ;P

by Mandi194 via Bodybuilding.com Forums - Female Bodybuilding