We demonstrate the existence of $K$-multimagic squares of order $N$ consisting of distinct integers whenever $N>2 K(K+1)$. This improves upon our earlier result in which we only required $N+1$ distinct integers. Additionally, we present a direct method by which our analysis of the magic square system may be used to show the existence of $N \times N$ magic squares consisting of distinct $k$ th powers when $$ N> \begin{cases}2^{k+1} & \text { if } 2 \leqslant k \leqslant 4 \\ 2\lceil k(\log k+4.20032)\rceil & \text { if } k \geqslant 5\end{cases} $$ improving on a recent result by Rome and Yamagishi.