Embodiments for a removable tray and articulating support arm system are provided. The system includes a removable tray, one or more magnets, and an articulating support arm which includes a base end and a mounting end. Generally speaking, these components are structured such that the one or more magnets are attached to a tray mounting end of the articulating support arm and the removable tray is magnetically fastened to the mounting end of the articulating support arm in a flat, planar configuration that allows a user to place various objects such as art tools or surgical tools. The articulating support arm also has a base end that is used to fasten the system to a flat surface such as a table top.