Just to add on, don't unnecessarily 'simplify' your expressions for derivatives. Keeping that in mind, do make 'obvious simplifications' (this may seem subjective, but it's pretty obvious what you should have to simplify). e.g. VCAA 2013 Exam 1, question 1a: the expression 'x^2*(1/x)' appeared in the answer, by you were expected to simplify that to 'x'.
The general rule is to divide common factors through and to collect like terms. Note that you do NOT need to factorise expressions or 'simplify' them to make them neater unless the question specifically asks for that. I would actually advise against that because you could make algebraic errors in the process and lose the answer mark. In particular, for relatively 'nasty' looking expressions, leaving expressions unfactorised is the better option.
Also avoid having a fraction within a fraction. Some examiners may be picky with it.