Let's try this: How do you report your business' profit? Do you prepare a Form 1120? Do you prepare a Form 1120-S (and receive a Schedule K-1)? Or do you report this on Schedule C?
Read the link provided by SweetiJean. If you're reporting on Schedule C you're simply creating more work for yourself by even dealing with "payroll" and "W-2" for yourself because it's ALL YOUR INCOME in any case. If you are issuing yourself a paycheck then you're simply pushing numbers around on your own Form 1040.
If you use a Form 1120-S (and Schedule K-1), then you do need to deal with payroll and W-2 for yourself, but it's advantages to make that W-2 income smaller - and your profit larger - because you don't pay self employment taxes on the income passed through to you from the S-Corp. So maybe you're better off leaving things as is if the amount you have paid yourself can be considered "reasonable" by the IRS.
You still have not provided enough information here, even though it's been asked for, to really make an informed judgement by people that don't understand your complete situation.
