No, that would not be advisable. Since you and the S Corporation are related parties, there is no reason to "subcontract" the work to the S Corporation except as a tax saving strategy. As such, it would likely be disallowed by the IRS should you get audited. You would need a business purpose for the arraignment.
Furthermore, you are required to pay yourself a reasonable salary from the S Corporation. From the standpoint of the IRS, than amount would be equal to your distributions from the S Corporation. Your only allowable justification for paying yourself a salary for less than what the company earned would be if you were retaining money in the business for a particular need of the business, such as expansion, purchasing a building down the road or some similar endeavor. You can't simply pay yourself less than the net income of the business to avoid self-employment taxes.
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