@ian’s comments are correct if your company is organized as an S-corporation or corporation. However, if your company is registered as a partnership or LLC (unless you elected to be taxed as a corp or S-corp), you are actually not allowed to pay yourself W-2 wages.
If you would qualify for a decent deduction, that is something to consider when determining the structure of your business.
If you are indeed an S-corporation, and are not paying yourself a fair wage, keep in mind this is something the IRS is cracking down on lately. S-corporation shareholders do not pay self-employment tax on their share of the income. By not paying yourself wages, you’re escaping Social Security and Medicare entirely, which is a form of tax evasion.
Partnership partners, LLC members and sole proprietors all pay self-employment tax on their share of the company income, so there are no issues with those types of companies not paying wages.